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E-commerce major Flipkart co-founder Binny Bansal resigns from board

E-commerce major Flipkart co-founder Binny Bansal resigns from board

Sun, Jan 28, 2024

"I am proud of the Flipkart Group's achievements over the past 16 years. Flipkart is in a robust position, with a strong leadership team and a clear path forward, and with this confidence, I have decided to step aside, knowing the company is in capable hands. I wish the team the best as they continue to transform experiences for customers, and I remain a strong supporter of the business," Bansal said.

Flipkart leads e-commerce market with 48% share, Meesho fastest growing platform: Bernstein

Flipkart leads e-commerce market with 48% share, Meesho fastest growing platform: Bernstein

Fri, Jan 26, 2024

According to the report, Flipkart's user base grew 21 per cent year-on-year (YoY), Meesho accelerated at 32 per cent while Amazon lagged at 13 per cent user growth primarily due to relative premium offerings as compared to peers.

Nothing Phone (2) price drop alert! Check offers and discounts

Nothing Phone (2) price drop alert! Check offers and discounts

Sat, Jan 13, 2024

Flipkart Republic Day Sale 2024: Packed with the Snapdragon 8+ Gen 1 Mobile Platform and 4700 mAh battery, Nothing Phone (2) delivers a fast performance.

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Amazon India, Flipkart, Paytm contribute 70% of total loss of Rs 10,670 crore in FY16

Amazon India, Flipkart, Paytm contribute 70% of total loss of Rs 10,670 crore in FY16

Wed, Dec 28, 2016

In a bid to capture a larger pie of India's booming e-commerce market, leading online retailers recorded 70% of total losses for the fiscal year 2015-16 (FY16),

eBay India losses for FY16 at Rs 262 crore

eBay India losses for FY16 at Rs 262 crore

Tue, Dec 27, 2016

E-commerce company eBay posted revenue of Rs 392 crore for the fiscal 2015-16, according to its annual filing to the Registrar of Companies; however, its losses also increased to Rs 262 crore in FY16 from Rs 172 crore a year ago, a report by ET said on Tuesday.

Indian men emerge big online shoppers of 2016: Flipkart

Indian men emerge big online shoppers of 2016: Flipkart

Mon, Dec 26, 2016

Top brands that remained favourite throughout the year were Samsung, Lenovo, SanDisk, Mi and UCB.

Fight with Flipkart bleeds Amazon India; losses climb to nearly Rs 3,600 crore

Fight with Flipkart bleeds Amazon India; losses climb to nearly Rs 3,600 crore

Mon, Dec 26, 2016

In a bid to become number one e-commerce player in India, Amazon has incurred losses of over Rs 3,000 crore for its operations in the country for the fiscal year 2015-16 (FY16).

Battle in China became global, says Uber's CEO Travis Kalanick on exit from country

Battle in China became global, says Uber's CEO Travis Kalanick on exit from country

Sat, Dec 17, 2016

Months after selling its stake in China, Uber CEO Travis Kalanick on Friday said it sold its stake to rival Didi since the "battle in China became global", prompting the US-based company to focus on other areas such as Ubereats, driverless cars and markets like India.

Flipkart sells 35,000 units of Lenovo K6 in 15 minutes in second sale

Flipkart sells 35,000 units of Lenovo K6 in 15 minutes in second sale

Tue, Dec 13, 2016

Flipkart organised the second sale of the Lenovo K6 Power today. Flipkart is the exclusive dealer of the smartphone.

Flipkart beats Amazon in Indian e-tailing leadership index on higher brand trust

Mon, Nov 28, 2016

While Flipkart scored 23 in terms of brand trust, Amazon scored a 21.

Flipkart plans to move into groceries space; renewed push in furniture

Flipkart plans to move into groceries space; renewed push in furniture

Sun, Nov 20, 2016

Bank of America Merrill Lynch sees the value of goods sold online in India jumping tenfold to $188 billion by 2025.

Flipkart, Amazon India temporarily disable COD options for goods

Flipkart, Amazon India temporarily disable COD options for goods

Wed, Nov 09, 2016

After the Government of India banned circulation of Rs 500 and Rs 1,000 notes from Tuesday midnight to fight black money and corruption, e-commerce companies like Flipkart and Amazon India have temporarily stopped accepting cash on delivery for goods ordered under cash on delivery (COD) option.

Delhi Smog: Air purifiers, masks flying off digital shelves

Delhi Smog: Air purifiers, masks flying off digital shelves

Tue, Nov 08, 2016

Customers are thronging e-commerce platforms such as Snapdeal, Flipkart and Amazon to buy air purifiers and masks to protect themselves from the health-threatening thick cloud of smog that has been enshrouding Delhi since Diwali.

Diwali glam fails to inspire spending potential in India

Diwali glam fails to inspire spending potential in India

Mon, Nov 07, 2016

The festive season, this year, has failed to bring out the garish nature of Indians, as apparel stores and quick service restaurants (QSR) witnessed a tepid response from consumers.

LeEco touches Rs 350 crore during festive sales

LeEco touches Rs 350 crore during festive sales

Sat, Nov 05, 2016

"During the festive season, it was our endeavour to offer a great value proposition to our customers which will enable them in experiencing our products and we are truly humbled by the response that we have received," said Atul Jain, COO, Smart Electronics Business, LeEco India, in a statement.

There is a limit to how much start-ups should spend, says Sequoia's Abhay Pandey

There is a limit to how much start-ups should spend, says Sequoia's Abhay Pandey

Wed, Oct 26, 2016

Abhay Pandey of Sequoia Capital points out that some start-ups have picked up bad habits like offering deep discounts for acquiring customers to spending lavishly on things that do very little to grow their businesses. This, he says, is what start-ups in India have not got right.

Amazon gets ahead of Flipkart, Snapdeal in festive sales

Amazon gets ahead of Flipkart, Snapdeal in festive sales

Wed, Oct 19, 2016

The average daily visits for Amazon during the festive sales period was 12.8 million, with visitors spending an average 9.4 minutes on the site.

Paytm records nearly 4 million transactions on 1st day of 'Maha Bazaar Sale'

Paytm records nearly 4 million transactions on 1st day of 'Maha Bazaar Sale'

Thu, Oct 13, 2016

India's mobile payments and e-commerce company Paytm has recorded over 3.5 million transactions on the first day of its ongoing 'Maha Bazaar Sale' on Wednesday.

UIMI Technologies introduces 'UIMI U3' solar chargeable power bank at Rs 799

UIMI Technologies introduces 'UIMI U3' solar chargeable power bank at Rs 799

Thu, Oct 13, 2016

UIMI Technologies launched its first 'Make in India' solar chargeable power bank 'UIMI U3' priced at Rs 799 in New Delhi on Wednesday. UIMI Technologies is a power bank brand of Bingo Technologies, established in 2014 and is headquartered in New Delhi.

Snapdeal starts 2nd season of 'Unbox Diwali Sale' from Oct 12

Snapdeal starts 2nd season of 'Unbox Diwali Sale' from Oct 12

Wed, Oct 12, 2016

After finishing first season of its Diwali sale last week, Snapdeal has announced the second season of its 'Unbox Diwali Sale' starting this Wednesday. Its 'Unbox Diwali Sale' will start from October 12 and will last till October 14.

E-tailers make merry with October bumper sales

E-tailers make merry with October bumper sales

Fri, Oct 07, 2016

E-commerce companies like Amazon, Flipkart and Snapdeal may have hit a jackpot with their mega-sales in October.

Amazon India festive sales up three-fold; ships over 15 million units in 5-day sale

Amazon India festive sales up three-fold; ships over 15 million units in 5-day sale

Thu, Oct 06, 2016

E-commerce giant Amazon.In on Wednesday said sales on its platform grew three-fold compared to last year to over 15 (rpt 15) million units during its five-day festive sale.

Food delivery e-commerce firm Swiggy appoints Mukesh Bansal as strategic advisor

Food delivery e-commerce firm Swiggy appoints Mukesh Bansal as strategic advisor

Wed, Oct 05, 2016

Food delivery platform Swiggy has appointed Myntra co-founder and former chief executive officer Mukesh Bansal on its advisory board.

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