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Meesho to upsize next funding round to $500-$650 Million
Meesho, the ecommerce platform, is reportedly considering increasing the size of its upcoming funding round to $500-$650 million from $300 million earlier, given the...
E-commerce giant Flipkart expands grocery operations with new center in Visakhapatnam
Flipkart, India's indigenous e-commerce platform, has broadened its presence by inaugurating a grocery fulfillment center in Visakhapatnam, Andhra Pradesh. This facility will provide next-day...
Flipkart Internet receives INR 1,421 Cr in funding from Singapore-based parent
Flipkart Internet, the e-commerce subsidiary of the Walmart-backed company, has received INR 1,421 Cr (approximately $170 Mn) through an internal fund transfer from its...
Flipkart expands portfolio with nationwide bus booking services, introduces 25,000 routes across India
To cater to the growing number of commuters in the inter-city travel sector, e-commerce giant Flipkart has introduced bus services on its platform.Through collaborations...
Amazon launches ‘Bazaar’ to target price-conscious shoppers with unbranded fashion & home products
Amazon, a leading player in the e-commerce industry, has entered the unbranded market by introducing a new vertical called 'Bazaar'.The new vertical is now...
Ecommerce sees modest Q1 growth at 12-15%, industry anticipates 20% uptick by April
According to market research data, ecommerce sales experienced a modest growth of 12-15% in the initial quarter of this year, marking a decline from...
With elections looming, e-commerce platforms see spike in political merchandise sales
With the Lok Sabha elections just weeks ahead, political merchandise is experiencing a significant surge for the first time in India, the world's largest...
Myntra’s marketplace reports positive EBITDA in Q4 2023 amid strong growth
Myntra, a leading fashion e-commerce platform, announced that its marketplace division has achieved positive EBITDA (earnings before interest, taxes, depreciation, and amortisation) since the...
Flipkart revamps increment policy: Pay hikes to roll out in two tranches
Flipkart, a prominent player in the e-commerce industry, has revised its approach to employee increments. This year, instead of the customary pay raises, eligible...
Binny Bansal boosts investment efforts in India post Flipkart exit, focuses on scaling ventures including OppDoor and Curefoods
Binny Bansal, co-founder of Flipkart, has reportedly intensified his investment efforts in India following his departure from the company's board in January. According to...
Flipkart’s valuation takes a hit, declines by over INR 41,000 Crore in two years
Flipkart, the ecommerce giant, has seen a decrease in valuation by $5 billion or approximately INR 41,000 crore since January 2022, according to equity...
Powerlook Apparels expands offline presence: Unveils two new stores in Mumbai, eyes 50 nationwide by 2027
Powerlook Apparels, a renowned fashion label, has announced the opening of two new brick-and-mortar stores in Mumbai. Alongside this development, the brand has revealed...