Flipkart, the e-commerce company owned by Walmart, is intensifying its efforts to achieve profitability as it is eyeing a valuation of approximately $60 billion at the time of its initial public offering (IPO), now planned in 2025-2026, instead of this year, according to people familiar with the matter. The firm might consider listing in the US or any other geography, including India. The company, which counts the likes of Amazon and Reliance's JioMart among its competitors in India's burgeoning e-commerce market, had also contemplated launching an IPO in 2022-2023.
In spite of the mega IPO of Alibaba, Flipkart-Myntra is not thinking of a public offering at this point
Even smaller players like Bluegape.com have launched T-shirts, cups, wall clocks and other products inspired from the fan community.
Five founders of e-commerce start-ups, four of them Bansals, say they had alternative ambitions chalked out.
E-commerce firms like Amazon, Flipkart, Myntra and others witnessed successful festive season sales this year, Experts say e-commerce adoption in the country is accelerating by multiple years or what it would have looked like in 2025.
Meesho has emerged as the second-largest player by order share in this year's festive sales till now, surpassing Amazon, while Flipkart Group platforms topped the market in both orders and gross merchandise value (GMV), according to according to a report by consultancy firm Redseer. It said Flipkart Group maintained its leadership position with a 62 per cent market share in terms of GMV during the first week of the festive season, followed by Amazon which had 26 per cent share, while the remaining 12 per cent was distributed among other e-commerce players. In terms of order volume, Flipkart Group again leads the market with about 49 per cent share and SoftBank-backed Meesho ranks second with about 21 per cent order share, according to Redseer.
People who have worked with Mukesh Bansal describe him as approachable and extremely polite but someone who likes to maintain a strict work schedule.
Having 50 stores in India, it plans to double the number.
The Walmart chief stated that the values of the two companies were "very much aligned"
With more and more youngsters preferring to shop online, the credit appetite has surged.
ICICI Bank says it blocked all UPI transactions made through PhonePe due to security concerns.
Paytm's secondary share sale gave an opportunity to its employees - both former and current - to liquidate their vested Esops and earn around Rs 500 crore in total.
'Life has been my greatest teacher.'
The People's Choice Survey is an annual report by CashKaro.com, which identifies key trends in online shopping in India.
In 2015, e-commerce contributed significantly to the growth in television advertising revenues.
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The indicative salary outlook for junior employees is Rs 1.45 lakh-Rs 3 lakh per annum, while for mid-management it is between Rs 12 lakh-Rs 30 lakh per annum
The Bansals losing out operational control of Flipkart comes at a time when global rival Amazon, in which Tiger Global holds a minority stake, is stepping up investment in India in an attempt to overtake the Bengaluru-based e-commerce firm.
The acquisition of ZipDial however has proven that even a proven business model could be an attraction point.
Customer insight drives the online fashion retailer to launch 'mood' stores, rethink the way it sells its wares.
In India, where it is tougher to do business, a start-up gets established by the Series-B stage, and it gets expensive for investors.
Vikramank Singh looks back at the year gone by!
Another point of contention is the invoice issued by the e-companies.
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