Flipkart is deepening ties in social commerce, machine translation, search and natural language processing with top institutes in the country as it aims to tap next 200 million users.
Move seen helping Walmart-owned Flipkart take on rivals Amazon, Reliance's JioMart and Tata-backed BigBasket to tap grocery market which is expected to be worth $850 bn by 2025
CAIT which represents 70 million traders, said it is learnt that CCI has transferred midway, the officer who was investigating Amazon, which has irked the country's business community
Rival company Amazon India's 'Great Republic Day Sale' started from midnight on January 17 with offers until 11:59 pm on January 20.
Designed to cater to startup needs across stages, the two programmes will support enterprises through insights, mentorship and funding, and helping them scale and build disruptive innovations
Incorporated in 2013, Yaantra is a leading brand that repairs and sells refurbished consumer tech products such as smartphones and laptops
This is the company's second ESOP buyback. Ninjacart had its first buyback in 2019
At Rs 3,143 crore, Amazon Wholesale (India) Pvt Ltd reported a 7 per cent fall in FY21 revenue over the last financial year
Flipkart is followed by Urban Company, Asia's largest home services marketplace and Tata-owned online grocer BigBasket.
The share of vernacular language users on Flipkart has increased from 12% in the fourth quarter of 2020 to 18 per cent this year in the same quarter
In a Q&A, Prakash Sikaria dwells on Flipkart's social commerce platform Shopsy's plans to become the country's largest grocer
Shopsy would leverage Flipkart's grocery supply chain infrastructure and tech capabilities to provide consumers access to an expansive range of products to over 5,800 pincodes
The $145 million investment has almost doubled valuation of Bengaluru-based Ninjacart from $500 million last year to about $900 million and the firm is approaching unicorn status
'With this investment, we are further able to strengthen our grocery footprint,' says Kalyan Krishnamurthy, CEO, Flipkart Group
Gupta is currently Head of Finance, Flipkart Wholesale & Walmart India
Flipkart IPO: Timing will depend on where the business is and market conditions, says Brett Biggs
Sikaria, who is Senior Vice President - Growth and Monetization, Flipkart, has been with the firm since 2015
Shopsy, which competes with players such Meesho, DealShare, BulBul, GlowRoad, Mall91, and simsim is on track to enable over 25 million online entrepreneurs by 2023.
Access to Adobe Analytics dashboards and reports enables everyone in the Tata CLiQ ecosystem to dive deeply into data, track sales and make advanced analyses such as assessing customer purchase intent
From Parag Agrawal's appointment as Twitter CEO to JioMart's new move, Business Standard brings you the top news on Tuesday