At that time, co-founders Sachin Bansal and Binny Bansal had made a public announcement at a Bengaluru hotel, about a $1-billion fund raising, largest so far in the Indian e-commerce sector. A day later, Amazon issued a statement that it was investing $2 billion in India.
With the festive season approaching, e-tailers are going all out to woo consumers.
Flipkart is in expansion mode, needs to infuse funds in the firm.
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Buyers complain about server errors, allege discounts were 'not real'.
JLL had shortlisted over 10 developers and Embassy was selected after a long due and rigorous process of due diligence.
After making the model work in metro cities, players in the quick commerce sector are rapidly expanding their footprint into smaller tier 2 cities and markets beyond that ahead of the festival season.
The company has notched up a total of $540 million in funds over the last six years, $360 million of which has flowed in two tranches this year itself.
Flipkart might consider Singapore, too, as listing norms aren't very strict.
Google will be able to co-relate data from the first click to the final delivery of product. This kind of knowledge is invaluable, something which even Amazon does not have.
The management changes come amid talks that the company is preparing for an IPO in the United States.
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.
The complaint has been received against these online trading entities weeks after an uproar over Flipkart's massive discount sale which had raised concerns of anti-competitive practices.
Sources said the fresh batch of profiles include students whose date of joining has been delayed by Flipkart.
Also on Flipkart's to-do list is getting people from the Silicon Valley on its rolls.
This will be done to meet the massive demand that Flipkart expects during the festive season
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.
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.
Sachin and Binny Bansal are the faces of the e-commerce sensation but other investors dominate the board.
'Big Billion Day' scheduled for October 6 is inspired by flat number where co-founders began their journey.
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
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
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.
Several firms are stepping up to help their workforce cope with soaring temperatures
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.
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 latest infusion brings the total capital pumped into Amazon's e-commerce business in India to Rs 22,390 crore
The identity of the new investor could not be ascertained.
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