Page 4 - Flipkart

Google Pixel 7 series gets cheaper with bank, exchange offers on Flipkart

The Pixel 7 and Pixel 7 Pro are available at discounted price of Rs 51,499 and Rs 72,999, inclusive of bank offer and exchange bonus discounts, on Flipkart

SENS introduces range of headband earphones and wireless earbuds in India

The announced SENS audio products are water-resistant, compatible with both iOS and Android devices, and support Google Assistant and Siri voice assistants

Indian startups must brace for a long funding winter: Flipkart CEO

The startup ecosystem's funding winter could last another 12 to 18 months and the industry may face "a lot of turmoil and volatility", warned Flipkart CEO Kalyan Krishnamurthy

11 e-commerce firms on board govt campaign to fight fake reviews

Firms to develop filtering & control tools and algorithms, verification and control processes

Govt announces new norms to curb fake online reviews of products, services

E-commerce players like Amazon and Flipkart will have to voluntarily disclose all paid consumer reviews of products and services offered on their platforms, with the government bringing in new norms to curb fake reviews and help buyers make informed decisions. However, the government has barred publication of reviews that "have been purchased and/or written by individuals employed for that purpose by the supplier or third party concerned". The BIS standards, prepared after extensive stakeholder consultations and to be effective from November 25, will be voluntary but the government will consider making them mandatory in case the menace of fake reviews continue on the online platforms. Consumer Affairs Secretary Rohit Kumar Singh on Monday said the Bureau of Indian Standards (BIS) has formulated a new standard 'IS 19000:2022' for Online Consumer Reviews -- Principles and Requirement for their Collection, Moderation and Publication'. The standards will be applicable to any organisati

India not immune to impact of macro-economic environment: Flipkart CEO

Kalyan Krishnamurthy expects the fallout of the global macro environment next year in areas such as company valuations and the funding environment as well

2022 e-commerce festival sales almost 2x of 2019: Redseer report

This is about 25 per cent year-over-year growth as compared to festive sale month of CY2021

Nothing Phone (1) available at discounted price on Flipkart: Details here

Launched at Rs 32,999, the Nothing Phone (1) is available at a discounted price of Rs 27,499 on the e-commerce platform Flipkart

Healthtech start-up BeatO raises $33 mn in Series B from Lightrock

Firm provides affordable diabetes care with a focus on people who don't have access to specialists

Zepp Health to launch India-exclusive Amazfit Pop 2 smartwatch on Nov 22

Priced at Rs 3,999, the Amazfit Pop 2 smartwatch will be available on Flipkart at an introductory price of Rs 3,299 on November 22

BeatO raises $33 mn from Lightrock India, HealthQuad, Flipkart and others

Digital solution provider for diabetic patients BeatO on Wednesday said it raised USD 33 million (around Rs 269 crore) in Series B funding led by Lightrock India with participation from HealthQuad, Flipkart and existing investors. Founded by Gautam Chopra, Yash Sehgal and Kunal Kinalekar, the startup claims to provide affordable, comprehensive and patient-centric digital solutions to people with diabetes, who have limited access to good quality and continuous care. The fresh funds will be utilised to expand BeatO's diabetes care programmes pan-India, invest in strengthening the leadership team and to further invest in its product and technology, the startup said in a statement. The company will also continue to build the evidence base for its care programmes, setting the standard of care globally for diabetes as it aims to serve over 10 million patients by 2025, it added. "With our digital-first solution, BeatO is well positioned to lay the new standards of how care will be deliver

Apple Days sale on Flipkart: iPhone 11 to iPhone 14, check offers and more

The Apple Days sale on e-commerce platform Flipkart started on November 16, and it will continue until November 20

Flipkart key driver of 13% spike in Walmart's international revenue

Walmart management says early timing of Big Billion Sale, from Q4 last year to Q3 this year, benefited the company

Nothing Ear (stick) earbuds go on sale with introductory offer on Flipkart

Priced at Rs 8,499, the Ear (stick) will be available in limited stock on November 14 at 12 pm on the e-commerce platform Flipkart and Myntra

Flipkart burns over $3.7 billion cash in about a year till Sep 2022

E-commerce major Flipkart has burnt cash of USD 3.7 billion (about Rs 30,000 crore) in about a year ending September 2022, according to regulatory filings. Flipkart had USD 1 billion in cash in July 2021, which came down to USD 887 million by September 2022. The company, in July 2021, raised USD 3.6 billion (about Rs 29,000 crore), which has been completely exhausted, according to regulatory filings of Flipkart and Walmart. It is the biggest cash burn in a year by any new-age company in the country, according to industry estimates. A Walmart regulatory filing shows that the company had approximately USD 1.1 billion as of July 31, 2022. "As of July 31, 2022, and January 31, 2022, cash and cash equivalents of USD 3.5 billion and USD 4.3 billion, respectively, may not be freely transferable to the US due to local laws or other restrictions. "Of the USD 3.5 billion on July 31, 2022, approximately USD 1.1 billion can only be accessed through dividends or intercompany financing arrange

Flipkart FY22 losses widen to over Rs 7,800 cr; net income rises by 20%

E-commerce major Flipkart's losses widened to over Rs 7,800 crore in the financial year 2021-22 based on performance of its business-to-business unit Flipkart India and B2C e-commerce unit Flipkart Internet, according to regulatory filings. According to filings, the combined loss of both entities stood at Rs 5,352 crore in the financial year 2020-21. Flipkart Internet, comprising online business-to-consumer platforms, has reported widening of loss to Rs 4,399 crore in FY22 from Rs 2,907 crore in FY21. This includes the performance of Fipkart Group firms like Myntra, Instakart etc. The B2b unit, Flipkart India -- earlier called Walmart India -- reported widening of loss to Rs 3,413 crore in FY22 from Rs 2,445.6 crore in FY21. The net income of Flipkart, however, increased by close to 20 per cent to about Rs 61,836 crore in 2021-22 with Flipkart India contributing Rs 51,176 core and Flipkart Internet registering a revenue of Rs 10,660 crore. Combined revenue of the e-commerce major

350 employees in Udaan to get pink slip in pursuit of profitability

India's largest business-to-business e-commerce firm sacked 180 employees in June

Nothing Ear (stick) gets Rs 1000 cheaper for Ear (1), Phone (1) customers

Priced at Rs 8,499, the Ear (stick) will be available on on the e-commerce platform Flipkart and Myntra from November 17

Consumer protection rules: E-tailers may need user nod to share data

E-commerce firms may have to incur higher costs for upgrading tech to comply with norm

Festival season propels demand for third-party logistics players

Further penetration into smaller cities will only add to this dependence on third-party delivery partners