Amazon has increased the commission on non-core segments by 2-9 per cent.
Currently, Flipkart has tied up with about 5-10 agencies and plans to add 50-60 by the end of this year.
A 30-year-old delivery man was allegedly killed when he went to deliver an iPhone to a customer who was supposed to pay him Rs 1.5 lakh for the product, police said on Monday.
Myntra founder Mukesh Bansal takes over as marketing chief.
Ever since the deal was announced of Walmart spending over $16 bn for a 77 per cent stake in Flipkart, the road to the takeover of India's biggest online marketplace has been quite bumpy
According to experts, the company might be trying to ape Amazon, the largest e-commerce player in the world.
Sellers on platform listed products out-of-stock on Monday against increased commission, fees on returns.
Having raised about $570 million since July 2013 in three rounds and $760 million since its launch in 2007, the question is where and how Flipkart will spend its war chest.
Taxing SoftBank, the largest shareholder in Flipkart with a little over 20 per cent stake, however, will be easier.
Manish Tiwary plans to take up a new role at another firm.
E-retailer Flipkart has signed a memorandum of understanding with the labour ministry for short-term training of its new employees.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
Seeks to cut biz costs by 10% for sellers across 24 verticals, by slashing fees and delivery charges.
Enforcement Directorate sources tell Vicky Nanjappa/Rediff.com that the probe into FDI received by Flipkart continues and a show cause notice will be issued to the online retailer.
Rejig likely every few years to make company flexible to the changing needs of business
The community has taken offence to being wrongly stereotyped as watchmen in the ad which also plays on an exaggerated Hindi accent to seem funny
In 2014, the e-commerce industry created about half a million jobs.
In an email to customers they say 'Big Billion Day' sale today to eclipse all other multi-day festive sales.
Flipkart's Big Billion Days festive sale started on Oct 13.
The term sheet with Flipkart could be signed within this week and the due diligence for the deal would commence immediately thereafter.
As many as 44 shareholders of Flipkart sold their holdings to Walmart. The income tax law requires the buyer to withhold tax while making payment to the sellers, in case they are not exempted from levy of capital gains tax.
'80% of start ups fail because they don't have a support system to help them in the very early phase.' 'It's not just an idea that takes an entrepreneur through the initial three years of journey.' 'What plays a definitive role in making a start-up successful is idea+team+capital+mentors+access to a larger ecosystem.'
In India, Amazon has taken an open cheque policy by sinking in over $2 bn to grow its business and tried to build local innovations to help it score over local players Flipkart and Snapdeal.
A board position requires one to hold at least 3 per cent of the outstanding shares. Binny holds around 5 per cent stake in Flipkart
E-commerce major Flipkart has been ranked second among top book sellers of the world.
The gig economy market is expected to grow at a compound annual growth rate (CAGR) of 17 per cent to reach a gross volume of $455 billion by the end of 2024, according to a white paper by The Forum for Progressive Gig Workers. Estimates suggest the gig economy has the potential to create 90 million jobs and add 1.25 per cent to India's GDP (gross domestic product) over time.
E-commerce major Flipkart on Monday said it aims to help over 10,000 sellers generate business worth Rs 10 lakh through its platform this year.
Amazon India, Flipkart and Snapdeal are currently locked in a battle for market leadership in the burgeoning Indian e-commerce sector.
'Son believes India has a significant opportunity in chip design, especially in creating IP that will be uniquely Indian.'
It has also filled a key gap in its payment systems team by hiring Ravi Byakod, a senior Google engineer.
Flipkart's current valuation is an estimated $12 billion.
The US-based firm has marked down the value of Flipkart for the sixth time, the latest at a time when it has been struggling to raise funds at a valuation higher than or equal to $15.2 billion.
Reliance Retail's digital commerce platform JioMart will morph into an e-marketplace offering multiple brands - from electronics, consumer durables, fashion and lifestyle, beauty, home, kitchen, and grocery - as it girds up to take on the likes of Amazon and Flipkart ahead of the festival season sales. India's largest retailer was in the process of onboarding third-party sellers these past few months, further increasing its selection across categories multifold. Its website and application offers general merchandise as well.
Analysts and venture capitalists say Flipkart making considerable losses on book transactions.
Ecommerce firm Amazon has infused ~1,600 crore into its India entity Amazon Seller Services, according to its regulatory filings. The funding comes at a time when the company is seeing opportunities in emerging geographies, including India. The regulatory filings are dated April 15. This is the second time in five months that Amazon invested in its India arm Amazon Seller Services. Before this, Amazon had infused over ~1,000 crore into its Indian entity this year.
This is the sixth mark down for the largest e-commerce marketplace of the country in as many months.
Most of Flipkart's business came from consumer electronics.
The e-commerce firm said 1.5 million people shopped at its portal on October 6.
The Confederation of All India Traders (CAIT) representing 70 million traders has written to Union Commerce Minister Piyush Goyal, drawing his attention to the alleged violations of laws and regulations by quick commerce (qcom) companies.
The Kerala commercial taxes department has slapped a fine of Rs 53.63 crore (Rs 536.3 million) on four online trading companies including Flipkart and Jabong for allegedly doing illegal business in the state.
