Flipkart Group on Wednesday said it disbursed USD 100 million for repurchasing the employee stock options (ESOPs) of over 3,000 present and past employees across the group companies including Myntra and Jabong besides Flipkart.
US-based e-commerce firm Amazon claims to be the market leader in India dismissing industry reports
Redseer this week ranked home-grown e-commerce firm Flipkart over global rival Amazon as the most trusted brand in online retail in India.
Bangalore based online marketplace Flipkart has termed rumors of its CEO Kalyan Krishnamurthy quitting as malicious and baseless.
The report which takes into account the Diwali festival weeks also said that both the companies suffered on the scoring due to a decrease in satisfaction in the consumer experience post-delivery.
According to recent data from global job site Indeed, four unicorns - Snapdeal, PayTM, ShopClues and Flipkart - make up around 90 per cent of all job postings.
In August, Flipkart said SoftBank's Vision Fund, the world's biggest private-equity fund, had committed to the deal, giving the Bengaluru-headquartered online retailer greater firepower to compete with Amazon.com.
Flipkart Director (Marketplace) Nishant Gupta said the company has taken a number of steps over the last one year to improve customer experience as well as that of sellers on its platform.
According to the complaint filed by Indiranagar based company owner Naveen Kumar, Flipkart was not clearing the dues which they owed him related to the supply of over 12,500 laptops
The Baltimore- headquartered firm has been active in India since 2012 and has conducted marquee transactions across companies such as Flipkart and South Africa's conglomerate Naspers.
Smartphone is one of the biggest categories for Flipkart, which is locked in a fierce battle with US-based Amazon for leadership in the booming Indian e-commerce market.
The smartphone will be completely made in India and will be available for sale on the website from November 15 onward.
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India’s largest e-commerce player Flipkart has seen its valuation slashed to USD 7.9 billion by US-based mutual fund Valic Co. in its quarterly filing.
While Paytm holds a significant market in QR code payments, PhonePe is hoping to embark on the next level of market disruption through this new PoS product
Flipkart claims 70 percent share of the online sales this festive season, even as Amazon India has reported having achieved 44 percent market share in online transactions
The Bangalore-based e-retailer which has more than USD 4 billion in cash, is planning to diversify its business in a bid to take on its rival Amazon India.
Flipkart had initially launched the loyalty programme called Flipkart First, but it fizzled out due to lack of focus from the company and low interest from consumers.
Electronic appliances, smartphones, fashion categories are currently being sold on e-commerce sites at heavy discounts.
Myntra will also launch a new handloom brand during its upcoming annual Brand Summit, The Tech Threads, on November 2 in Bengaluru.
Consolidation would be the name of the game in e-commerce space next year, with small firms shutting shop, leaving fewer players in an environment of intense competition, former CFO of Infosys T V Mohandas Pai said.
Indians are known to splurge large during Diwali and both giants are well prepared with exclusive offers and attractive deals to pull as many customers they can
This investment adds to the USD 75 million funds infusion Flipkart made in PhonePe since acquiring it in 2015
Even though Amazon marketplace has refrained from giving explicit numbers, it has claimed to be the largest marketplace in the country, following its four-day festive season sale last month.
It also claimed that of the total sales that a seller-generated across various platforms, Flipkart’s share of wallet from a seller was more than 70 percent, during the sale period