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Myntra’s net loss jumps 31% to INR 782 Crores in FY23, sales touch INR 4,375 Crores
Flipkart-owned fashion ecommerce marketplace Myntra experienced a notable increase in its net loss, soaring over 30% in the financial year concluded on March 31,...
Amazon retains top spot as MSMEs’ preferred platform, reveals ISF Report
The report from the India SME Forum (ISF) highlights the sustained dominance of well-established platforms such as Amazon and Flipkart among MSMEs for sales....
Amazon and Flipkart’s ad revenue hits INR 8,705 Crore in FY23, reflecting a 39% upswing
Ecommerce giants Amazon and Flipkart saw a notable 39% surge in their combined advertising revenue, amounting to INR 8,705 crore for the fiscal year...
Adani Total Gas signs agreement to boost Flipkart’s efforts in decarbonizing supply chain
Adani Total Gas Limited (AGTL) has entered into a Memorandum of Understanding (MoU) with Flipkart, an ecommerce company owned by Walmart. The aim is...
Flipkart’s B2C division nears INR 15,000 Cr in sales for FY23, registers reduced net loss of INR 4,026 Cr
Flipkart Internet Private Limited, the B2C division of Walmart-owned Flipkart, saw its operating revenue nearing the INR 15,000 Cr mark in the fiscal year...
Walmart invests $600 Million in Flipkart as e-commerce giant gears up for $1 Billion funding round
Flipkart, a prominent e-commerce platform supported by Walmart, is reportedly in the process of raising a new funding round of $1 billion, with a...
Walmart-backed PhonePe’s move to invest in Dunzo stumbles amid investor apprehension
Walmart-backed PhonePe recently made an offer to cash-strapped Dunzo to invest a significant amount in its merchant network business, at a time the latter...
Massive growth in e-retail market to challenge dominance of major FMCG corporations in India
The internet has brought about a democratization of social spaces, providing ordinary individuals with the tools to express themselves. In a similar vein, the...
India’s e-retail market set for remarkable growth, projected to cross USD 160 Billion by 2028
E-retail in India is poised for remarkable growth, as indicated by a recent report from Bain & Company in collaboration with Flipkart. The forecast...
Flipkart opens first ever grocery fulfillment center in Bhubaneswar, promising 24 hour delivery
Flipkart, owned by Walmart, has launched its first grocery fulfillment center in Bhubaneswar, Odisha, as part of an initiative to expand its grocery services.The...
Toys ‘R’ Us bets big on Indian market, eyes top five position within 4-5 years
Toys 'R' Us, having recently commenced operations in India, anticipates that the Indian market will rank among its top five within the next four...
Walmart ramps up exports from India to reduce dependence on China
Walmart, the worldwide retail powerhouse with ownership of Flipkart and PhonePe, is increasing its export of goods from India. This strategic move aims to...