Venugopal will provide strategic leadership to the organisation and define the technology vision for the company with a specific focus on building future capabilities across product and engineering
According to sources, Flipkart is expected to invest about Rs 2,000 crore initially in the business and pump in more funds as required as it scales up supply chain, storage and logistics
Club Factory aims to further enhance its Open Platform Strategy post this new round of funding
The meeting, at the behest of the minister, Piyush Goyal, was convened by Shailendra Singh, additional secretary of the department
Amazon Flipkart claimed record sales during the recently concluded six-day online shopping bonanza
According to the consultancy firm, Flipkart continued to lead the festive sales in GMV terms, with 60-62% standalone gross GMV share during the sale event
The e-commerce platform is banking on an increasing sports and fitness clientele to make itself relevant across new towns
The Walmart-owned company's private label brands sold Rs 170 crore in recently concluded Big Billion Days sale
Agarwal, who founded Oyo in 2013, has built it into India's second-most valuable startup with a valuation of about $10 billion
Unilever is tying up with plastic collectors and recyclers in all developed countries and in large developing markets like India
Rustic humour, large families and affordability set the advertising themes this season for brands across categories
More than half their growth during this period came from new customers, especially those in smaller cities and towns
The former Flipkart executives' B2B e-commerce start-up valuation crosses $2.5 bn in three years
The Flipkart Big Billion Days sale started on September 29 and will continue until October 4
Affordability constructs were a big hit. There was over 2X adoption in the 'product exchange' construct for mobiles and laptops, according to Flipkart
The bank also listed out targets for merchant acquisitions and said it is aiming for a 5 percentage points reduction in its cost-to-income ratio as a result of the digital push
Flipkart saw 2x more sale; for Amazon, it was the biggest-ever in a single day
The sheer variety of Flipkart ads shows how well the creators understand that the customer won't engage with the same ad, says Chandramouli
War rooms of the two e-commerce giants are buzzing as they prepare for the big battle on Sunday
According to sources, some e-commerce firms have asked the government to extend the date