'Flipkart posts $6 billion revenue in 2018-19'
Business | November 01, 2019 16:18 ISTWorld's retail giant Walmart's Indian e-tailor arm Flipkart posted $6-billion (Rs 42,600 crore) revenue, business intelligence platform paper.vc said on Friday.
World's retail giant Walmart's Indian e-tailor arm Flipkart posted $6-billion (Rs 42,600 crore) revenue, business intelligence platform paper.vc said on Friday.
Traders in Noida are fearing a decline of up to 50 per cent in sales during the Diwali festive season due to "unethical business" of e-commerce firms, and the government should intervene to check these companies, Sushil Kumar Jain, convener of the Delhi-NCR unit of CAIT said.
E-commerce giants Amazon and Flipkart have been asked to disclose names of top five sellers on their platform, price list of goods of preferred vendors and the kind of support provided to sellers, according to sources.
The government is probing Wal-Mart-owned Flipkart and Amazon over the alleged predatory pricing, commerce minister Piyush Goyal said on Thursday. Warning of stringent action as per the law for any violation, he said detailed questionnaires have been sent to these companies and their response is awaited.
Flipkart Big Diwali Sale 2019: Flipkart brings another round of its Diwali sale starting October 21st and will go until October 25. Flipkart Plus customer will get early access to sale from 8 PM on October 20
E-commerce giant Flipkart on Tuesday said it is setting up a new local entity - Flipkart Farmermart - that will focus on food retail in India, as it looks to take on arch-rival Amazon in the segment.
As the festive season has arrived, e-commerce portals in India like Flipkart, Amazon India and others have started offering discounts, cashback and several other offers to lure buyers. Festive offers from shopping sites usually comes during Diwali, so this is the most awaited time for shoppers in the country. People tend to easily get carried away seeing handsome discounts and cashback offers.
Led by Amazon and Flipkart, e-tailers in India achieved a record $3 billion (nearly Rs 19,000 crore) of Gross Merchandise Value (GMV) in the first six days of the festive sale from September 29-October 4, a new report said on Tuesday.
Just when we thought the online sale season was over, Flipkart and Amazon are back with their next round of sale.
E-commerce giants Amazon.in and Walmart-owned Flipkart on Friday said they have seen record growth in the first phase of their festive sales, on the back of new customers from 'Bharat' logging onto these platforms.
On Day 2 of its Big Billion Day sale, Flipkart has revealed the deals and offers on its smartphone section. We look at the best deals available on the smartphone on the E-commerce giant
Flipkart said in the run-up to its annual festive season sales, it expects to have increased the indirect jobs through the seller network by 30 per cent as compared to last year taking it to 6.5 lakh
Flipkart said in the run up to its annual festive season sales, it expects to have increased the indirect jobs through the seller network by 30 per cent as compared to last year taking it to 6.5 lakh. The annual six-day event begins on September 29.
The agreement offers 2GUD online distribution rights for MINISO's products in India effective from this month-end, and will enable the brand to reach 2GUD's million-plus consumer base across the country, a Flipkart statement said.
E-commerce firm Flipkart on Sunday said it has expanded delivery reach by 80 per cent to cover almost all pin codes in India for large appliances, ahead of its big billion day sales, starting from September 29.
While Flipkart announced that its annual six-day sale ahead of Diwali and Dussehra would take place starting September 29, Amazon is yet to announce the dates for its annual bumper sale.
Flipkart's Big Billion Sale will go online at 8 PM on September 29. The sale will offer upto 90% discounts on various categories.
This will further strengthen and personalise e-commerce experience for its existing 160 million customers, help deepen its reach to newer geographies and consumers and support 'kiranas' by enhancing their income, a statement said.
The initiative 'Flipkart Samarth' aims at enabling and handholding craftsmen from across India to set up online business.
"Regulatory filings submitted by Flipkart indicate that former co-founder Binny Bansal has sold a tranche of shares for the third time since Walmart’s takeover of the e-commerce company. This time around, Bansal transferred part of his holding to two Tiger Global funds," Paper.vc said.
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