The investment comes at a time when the government is coming up with National E-Commerce Policy
'We love to invest early in tech-driven companies solving large problems', said Mitra
The conflict comes amid a broader global backlash against the breakneck expansion of tech firms
CAIT claimed that small retailers have suffered at the hands of Amazon, Flipkart
The two got new owners at an identical deal size. But the similarity ends there...
The platform would help Flipkart to tap consumers across tier II, III cities and beyond in rural India, as it seeks to bring the next 200 million consumers online.
At present, Big Bazaar fulfills 300 to 1,000 orders per day per store for Amazon
Both Google and Facebook-owned WhatsApp are working with small sellers and merchants to help them set up their digital stores
From protest against e-commerce firms Amazon and Flipkart to meeting of a parliamentary committee on the issue of air pollution, here are the top news events of the to watch out for
Easyrewardz said the investment will help it drive new product development and accelerate global expansion
Other investors in the company include Venture Catalysts along with angel investors like Jitendra Gupta, Amrish Rau, Satyen Kothari, Ashneer Grover, Subrat Pani and others
n Delhi, a massive 'dharna' will be held from 11:30 am to 1:30 pm in Sadar Bazaar, it added.
This September, the ace entrepreneur found the answer to that when he picked 94 per cent stake in microfinance company Chaitanya Rural Intermediation Development Services
Operating income takes a hit owing to $290 million impairment towards Jabong merger with Myntra.
Since exiting Flipkart last year, he has invested in start-ups, including Ola, Ather, Vogo, privately and through his investment vehicle BAC Acquisitions
McMillon said that the company also continues to see 'tremendous growth' at PhonePe, its digital payments arm
The e-commerce giant is conducting a pilot project to collect plastic packaging back from consumers at select hubs across Mumbai, Bengaluru, Dehradun, Delhi, Kolkata, Pune, and Ahmedabad
In a statement, CAIT has levelled several allegations against Flipkart which include circumventing the law, causing huge GST and Income Tax revenue loss to the governmen, bypassing the FDI policy
CloudWalker Streaming, a Mumbai-based supplier of LED TVs, alleged Flipkart did not honour a purchase agreement and had not paid dues totalling Rs 26.95 crore
Modi govt is under pressure from small traders, a traditional support base for the ruling BJP, to act against the big online retailers