Flipkart's FY24 losses at ₹2,358 cr, revenue up 21%
Flipkart Internet generated ₹5,000 cr from ads in FY24, a 50% increase YoY; marketplace revenue fees flat at ₹3,734.2 cr
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Flipkart merges all fintech offerings into Flipkart Pay ahead of sale season
This new platform will offer services such as Flipkart UPI on its shopping app, recharge and bill payments, insurance, Buy-now-pay-later facility, EMIs, gift cards and co-branded credit cards.
Flipkart Group rolls out new UPI app after PhonePe split
The app is set for a phased launch, initially available to just 100,000 users as part of a BETA version.
Reimagining HR With AI
Human resources departments across companies are increasingly using artificial intelligence to be employee friendly and improve efficiency at work.
India’s e-retail market to reach $160 bn by 2028: Report
Presently, online spending constitutes only 5-6% of total retail spending in India, in stark contrast to the U.S., where it comprises 23-24%, and China, where it is 35%.
Flipkart records double-digit sales growth in March quarter
Walmart CEO says the retailer has a big opportunity to increase exports from India across quite a few merchandise categories
Blinkit, Zepto, Instamart, JioMart, DMart: Jefferies orders groceries to find best discounts
Quick commerce players offer the lowest discounts due to their focus on convenience.
PhonePe raises $200 mn from Walmart at $12 bn valuation
With this tranche, the company has raised $650 million from several global investors. It’s PhonePe’s third biggest funding this year alone.
Amazon, Flipkart, Snapdeal get notices for selling toys without BIS mark
CCPA has sought a response from these companies in 7 days, failing which necessary action may be initiated against them.
Demystifying ONDC with Chief Business Officer Shireesh Joshi
Will getting on to the ONDC network mean disintegration of the traditional supply chain mechanisms? Will it come at the expense of marketplaces such as Amazon, Jio or Flipkart?
