This will be done to meet the massive demand that Flipkart expects during the festive season
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
Also on Flipkart's to-do list is getting people from the Silicon Valley on its rolls.
A combination of bank guarantees, letters of credit, buyer's credit for computer servers have been provided to the two local operational arms by Kotak Mahindra Bank and Deutsche Bank.
Sachin and Binny Bansal are the faces of the e-commerce sensation but other investors dominate the board.
Flipkart's value has eroded by a third from a peak of $15.2 billion to as low as $9 billion following several investor markdowns
'Big Billion Day' scheduled for October 6 is inspired by flat number where co-founders began their journey.
Amazon India has caught up with Flipkart and overtaken Snapdeal in terms of monthly unique visitors.
The service is available in Bengaluru, Delhi, Mumbai, Kolkata, Noida, Gurgaon, Faridabad, Manesar, Navi Mumbai and Thane and will be scaled up to other cities soon
Finally, some good news for the Indian startup ecosystem. After four consecutive half-year periods of declining funding since 2022, the first half (H1) of 2024 has shown an upward trend compared to the second half (H2) of 2023. According to the India Tech Semi-Annual Funding Report H1 2024 by Tracxn, Indian technology (tech) startups raised $4.1 billion in H1 2024, marking a 4 per cent increase from $3.96 billion in H2 2023.
20 start-ups that beat decades old companies in valuations.
Flipkart, the poster boy of Indian e-commerce, hit a new high by raising $1 billion (about Rs 6,000 crore) in the latest funding round, led by existing investors Tiger Global Management and Naspers.
Recently, e-tailing major Flipkart released the Digiflip Pro XT 712.
Flipkart aims to double the total value of goods it sells to $8 billion in the next three years.
Following the footsteps of Motorola, Chinese handset maker Xiaomi is also teaming up with e-Commerce major Flipkart to launch its handsets in India.
Flipkart, India's largest e-tailer, raised $210 million in a fresh round of funding from a group of four investors led by internet-focussed investment group DST Global, it said in a statement on Monday.
The start-up, which has invested $100 million over the past eight years, sells 50 million products.
PE investment so far in 2014 stood higher at $ 8.4 billion as against $ 7.8 billion in 2013, with 38 per cent higher volumes in 2014 as compared to 2013, led by the technology sector.
Such campaigns would badly affect players in the traditional retail market.
Readying its game plan, the Bengaluru-based e-commerce giant plans to renew talks of investments in various companies such as Swiggy, BookMyShow, Pepperfry, UrbanClap
Flipkart offers over 30 million products across more than 70 categories
Amazon signed up Motorola as an exclusive brand partner for its new devices, which in turn helped it grow
This is the second instance of mainstream banks blocking services to new-age digital payments companies.
IIM-Ahmedabad has written to Flipkart co-founder Binny Bansal on the issue, saying the students felt cheated for no fault of theirs for choosing the company over other brands and will suffer as they have to re-pay their education loans.
The latest infusion brings the total capital pumped into Amazon's e-commerce business in India to Rs 22,390 crore
Flipkart's maternity programme gives new mothers six months of paid leave as well as flexible working hours for four months with full pay.
The identity of the new investor could not be ascertained.
The incident that happened on December 9 came to light only on December 11 when 28-year-old Nanjundaswamy's body was found at a building housing the gym in Vijayanagar Police station limits.
'There was a time when I went without salary for about six months,' says Amod Malviya, an alumnus of IIT Kharagpur and currently CTO, Flipkart.
In June this year, the Bengaluru-based online marketplace has jumped into the fiercely competitive smart device market in India by launching its calling tablet for Rs 9,999.
'India has a lot of potential, not just in commercial aspects, but also in hiring of people and sourcing of products.'
Where Binny slipped up badly was in gauging the level of transparency and governance that is expected by a global strategic investor, says Indrajit Gupta.
The Bangalore-based company had raised $200 million in July from existing investors.
Initially, private buyers will be able to make bulk purchases on Government e-marketplace, it will subsequently be broadened to small-ticket buying as well.
The Enforcement Directorate has been asked to investigate alleged violation of FDI regulations by e-commerce company Flipkart Online Services and cash & carry chain Bharti Walmart.
The two companies have been negotiating to remain separate entities after a merger.
CCI investigation into predatory pricing likely
The People's Choice Survey is an annual report by CashKaro.com, which identifies key trends in online shopping in India.
Flipkart's co-founders Sachin and Binni Bansal made their debut at 86th position with a net worth of $1.3 billion each.
After e-commerce, Flipkart has jumped into the fiercely competitive smart device market in India by launching its calling tablet for Rs 9,999.
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