PhonePe raises $200 mn from Walmart at $12 bn valuation
With this tranche, the company has raised $650 million from several global investors. It’s PhonePe’s third biggest funding this year alone.
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Amazon, Flipkart, Snapdeal get notices for selling toys without BIS mark
CCPA has sought a response from these companies in 7 days, failing which necessary action may be initiated against them.
Demystifying ONDC with Chief Business Officer Shireesh Joshi
Will getting on to the ONDC network mean disintegration of the traditional supply chain mechanisms? Will it come at the expense of marketplaces such as Amazon, Jio or Flipkart?
PhonePe becomes India domiciled company after separation from Flipkart
Existing Flipkart Singapore and PhonePe Singapore shareholders, led by Walmart, have purchased shares directly in PhonePe India.
E-commerce sales grow 25% during festive season: Report
While e-taliers sold goods worth ₹76,000 crore during the festive month, it was lower than Redseer's pre-sale estimate of ₹83,000 crore.
Flipkart Big Billion Days sale boosts Walmart's revenue
The earlier timing of Flipkart's Big Billion Days event was also a benefit to sales results, says Walmart CFO John David Rainey.
Flipkart revenue up 31% in FY22; loss widens 51% to ₹4,362 cr
Flipkart's net loss in the last fiscal year was the highest in the past four years on a rise in legal, marketing, transport, and warehousing costs.
Flipkart launches metaverse shopping experience Flipverse
Flipverse will be available on Flipkart's newly launched platform, FireDrops, which can be accessed from the e-commerce platform's app.
India's e-tail market to grow by $110-130 bn in 6 years: Bain
Shopper addition will continue to be at the heart of future e-retail growth. India's online shopper base is estimated to increase to 400-450 million by 2027, say analysts at the firm.
Flipkart leads as e-commerce firms clock ₹40,000 cr during festive sale: Report
Walmart-owned Flipkart Group continues to maintain its leadership position with 62% market share in GMV in the first week of the festive sale, says Redseer.
