Amazon is also going to invest a large chunk of the capital to build the supply chain for its grocery and food category.
He has also worked with Tata Communications, Emaar MGF Land Ltd and Freightwinds and Travels Ltd, among other companies
In Sept, Flipkart had said it brought onto its platform 27,000 kirana stores in non-metro cities to expand its reach
Bansal says there are many reasons why he picked up financial services as his next area of focus
Flipkart co-founder says he will invest all his capital in this space; Nachiket Mor joins Navi board as director
The Commission's latest study on the e-commerce market is almost a precursor to the Amazon-Flipkart probe order and it also sheds light on the Commission's new thought process
India's e-shoppers are in for a treat this festive season as well-funded online marketplaces Flipkart and Amazon fight it out with each other to reach new customers as well as grab market share from each other.While Flipkart's $4 billion war chest and Amazon's seemingly endless cash train into India might not see discounts to the level of what was seen in the past few years, but a discount war is definitely brewing. Paytm Mall, which will become aggressive this festive season has already indicated that the online deals it consumers get would also be available from its offline partners.With exclusive deals and lower prices than most offline counterparts, these companies will look to expand India's e-commerce shopper base this festive season.While unit economics might be on the rise, all of India's e-commerce giants are far from turning profitable. With the need of the day being to expand the base of online shoppers beyond the claimed 60-100 million people, discounts continue to be the .
Firm aims to push smartphone sales during festive season; Big Billion Days crucial for achieving target
The firm also said it has become the top marketplace in terms of smartphones, an area where Flipkart had earlier claimed to be the top player
The offer is likely to be on par with Walmart Inc's bid for the e-commerce company
The US online retail giant will also offer a breakup fees of $2 billion
Mukesh Ambani-led Reliance Industries' upcoming 'new commerce' platform is working hard to get its grocery game right
The e-commerce giants present a study in contrast in the ad blitz over big sale days, taking sharply diverging paths to reach the customer
The committee will provide clarification on FDI in e-commerce
The move is the latest sign of the Reliance group's pivot towards data and digital services for future growth, as it builds an online platform to take on the likes of Amazon and Flipkart in India
As traders prepare to hold a nationwide agitation against Amazon and Flipkart this week, the government weighs its options
The CAIT also said the visit of Jeff Bezos, founder of Amazon, on Wednesday to India will be greeted with strong protest from traders across country
The facilities will also amplify Flipkart's capabilities to cater to more consumers in the country, the firm said.
Leading e-commerce players like Flipkart via its 'The Republic Day Sale' and Amazon with 'Great India Sale' are offering great deals on products from mobiles, laptops, IoT accessories, and more
The commission would also attempt to understand the business model of the ecommerce companies through its first ever investigation into the segment