The government is working on an exciting project—the Open Network For Digital Commerce, or ONDC. In a nutshell, you'll have one platform that connects all e-commerce websites, apps and services. The aim is to counter the dominance of current e-commerce giants like Amazon, Flipkart, Zomato, Swiggy, Ola and Uber. With ONDC, the government hopes to bring smaller retailers at par with them. A pilot has already been rolled out. So, how will ONDC work? Watch this video to find out
Ambani's succession plan comes against a backdrop of financial stability and is part of an overall group restructuring.
PhonePe reported a consolidated net loss of Rs 1,728 crore for FY21, against a consolidated loss of Rs 1,771 crore a year earlier.
Sastasundar Ventures' stock has plunged over 50 percent from its all-time high in November’21, even though the business remains largely unaffected by ongoing market condition. MC Pro suggests growth outlook appears very promising from a long-term standpoint. Watch the video to find out why.
Multiply Ventures' final close of its first fund came at a time when early-stage funding in the Indian tech startup ecosystem fell to a 12-month low in May
Singapore-headquartered e-commerce firm Flipkart has operations in India only. Bansal holds around 1.84 percent stake in Flipkart after selling part of his stake to Tencent Cloud Europe BV.
Cloudtail questioned raids on its premises on the ground that it is not named as a party in the probe order. CCI said Cloudtail's status as an alleged preferred seller on Amazon is being probed.
The Xbox Series S is currently available at a discount of Rs 3,000 on the e-commerce platform.
The company is in early discussions with several global strategic investors and other potential purchasers of the shares
Meesho Mall move is significant as the Bengaluru-headquartered company has previously only focused on the non-branded segment and the price-over-convenience market
Pitched as the UPI of e-commerce, Open Network for Digital Commerce is a freely accessible government-backed platform that aims to democratise e-commerce by moving it from a platform-centric model to an open network
Meesho competes with Flipkart, which Bansal had founded in 2009. Navi has made a total of four new appontments on its board.
Flipkart's sale is already live and will conclude on May 8.
The Competition Commission of India (CCI) started early on Thursday raiding two top domestic sellers on Amazon's platform - Cloudtail and Appario - as well as some sellers on Walmart's Flipkart, following allegations the sellers and marketplaces had breached competition law.
The e-commerce giant will look at innovating in areas like customer experience, logistics/supply chain, and accelerating digital commerce in the future.
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In 2017 before it was acquired by Walmart, Flipkart made its first attempt to tie up with third-parties for eKart.
The agreement was signed with the state’s micro, small and medium enterprises and textiles department.
The social commerce space has been one of the sought out sectors as Flipkart’s social commerce arm Shopsy and Meesho have been garnering market share
The main reason for waiting for the IPO is due to Flipkart's internal plan to boost valuations further by focussing on two of its relatively new businesses -- online healthcare services and travel bookings, two of the sources with direct knowledge said.
The Flipkart Health+ tech platform delivers products across 20,000 pin codes in India. In addition, the Flipkart Health+ app can be accessed on low bandwidth making it ideal for locations with lower internet reach.
The Hyderabad-headquartered startup, which raised a couple of rounds of funding including an angel round of $1 million from Anicut Capital and Series A funding of $2.7 million from Sixth Sense Ventures, was valued at around Rs 100 crore in the last round.
Chatterjee has over two decades of experience in product management, product marketing, product innovation, business management, and operations in India and Silicon Valley.
Soumya Narayanan bought the property in Adarsh Palm Retreat Villas project, a gated community of 800 red-roofed “Victorian villas” spread over 110 acres
Through the collaboration with IIM-A and insights gathered from the consumer surveys, Flipkart claims it “intends to identify opportunities and create forums for knowledge sharing…that will help transform the retail ecosystem and drive value for Kiranas, retailers and customers".