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.
The start-up, which has invested $100 million over the past eight years, sells 50 million products.
Such campaigns would badly affect players in the traditional retail market.
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
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's maternity programme gives new mothers six months of paid leave as well as flexible working hours for four months with full pay.
This is the second instance of mainstream banks blocking services to new-age digital payments companies.
'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.
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 identity of the new investor could not be ascertained.
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.
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.
The latest infusion brings the total capital pumped into Amazon's e-commerce business in India to Rs 22,390 crore
Union Minister of Commerce and Industry Piyush Goyal's recent comments on large e-commerce players have reignited the debate about their impact on smaller offline retailers. On Wednesday, Goyal said that the rapid growth of e-commerce in India is a "cause for concern" and is diminishing the market share of small, mom-and-pop stores by offering high-margin products such as consumer electronics and apparel at discounted rates.
The Bangalore-based company had raised $200 million in July from existing investors.
Leading up to Valentine's Day on February 14, quick-commerce platforms like Blinkit and Swiggy Instamart have witnessed a phenomenal uptick in the sales of products related to the occasion, such as roses and chocolates. Meanwhile, e-commerce giants like Amazon and Flipkart have gone live with their respective Valentine's Day sale events, offering generous discounts on products. Sales of chocolates and roses on Zomato-owned Blinkit shattered previous records at the beginning of this year's Valentine's Day week, on February 7, which is celebrated as Rose Day.
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 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.
American chip behemoth Nvidia Corp and India's retail-to-refining giant Reliance Industries on Thursday unveiled their goal to build a formidable AI computing infrastructure in the country. Highlighting the tie-up, Jensen Huang, founder and CEO of Nvidia, made a broader appeal: India should focus on "manufacturing" AI, rather than racing to build semiconductor fabs. As part of this collaboration, Nvidia will reportedly supply its Blackwell AI processors to power Reliance's one-gigawatt data center in Jamnagar, Gujarat.
The filing of Swiggy's DRHP has led to direct comparisons with Zomato, which is a direct competitor in food delivery and the fast-growing quick-commerce segment where Blinkit (owned by Zomato) faces off against Instamart (and Zepto). In Q-commerce, Flipkart, Amazon, Reliance and Big Basket are all entering the space. All of them have deep pockets, hence competitive intensity will rise going forward.
Flipkart's co-founders Sachin and Binni Bansal made their debut at 86th position with a net worth of $1.3 billion each.
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.
After e-commerce, Flipkart has jumped into the fiercely competitive smart device market in India by launching its calling tablet for Rs 9,999.
The range will include two Android JellyBean operating system-based handsets and two smartphones based on the latest Android KitKat OS.
If the deal goes through, Snapdeal founders will get $60 million (cumulative), of which half will be given to employees.
Flipkart on Tuesday launched a next-day delivery service.
Most e-commerce firms with 'Singapore holding structures' would opt out of the new Sebi platform
Financial details of the deal were not disclosed but a source in the company said the transaction was valued at close to $300 million.
The company did not disclose its new holding pattern.
Having marked a 20-year milestone in India, global tech giant Google is upbeat about its next innings here with Artificial Intelligence (AI) playing a big role in it, India MD Roma Datta Chobey said on Thursday, adding that the company is aligning its vision and strategy fully to the country's growth and ambitions. In an interview to PTI, Chobey said Google believes that AI should be regulated but in a way that strikes a fine balance between user benefit -- which is "still at a nascent stage" -- and at the same time, fosters innovation.
'If you allow Walmart to operate in India, our manufacturing will finish completely.' 'What will happen to Narendra D Modi's dream then? There will be no Make in India.'
Having 50 stores in India, it plans to double the number.
India's internet economy is estimated to reach $1 trillion by 2030, primarily due to e-commerce, which is expected to be worth $325 billion and rank third globally, according to industry experts. Last year marked a crucial turning point for India's e-commerce sector, with notable changes in consumer trends, technology, and regulations. InGovern Research Services, a leading corporate governance advisory firm, hosted a virtual roundtable to deliberate on the notable developments in India's e-commerce sector in 2023, with a particular focus on the essential role of customer trust in fueling its ongoing expansion.
After all, talk of Amazon buying into Flipkart has been doing the rounds for long, although the two Bansals have denied it many times before.
Shopclues, the latest unicorn, was at the bottom of the sector loss pie.
Tech titan Google on Wednesday launched the Google Wallet app for Android users in India, allowing them to securely store essentials like boarding passes, loyalty cards, event tickets, and public transport passes. The digital wallet, which becomes operational in India from Wednesday, comes as a complementary service to existing payment app Google Pay, a top official said.
