Page 7 - Flipkart

Flipkart co-founder Binny Bansal exits board, launches new startup OppDoor

Binny Bansal has officially exited the board the Walmart-owned e-commerce firm, which he founded along with Sachin Bansal 16 years ago

Flipkart leads e-comm mkt with 48% share, Meesho fastest growing platform

Walmart group firm Flipkart continues to dominate the e-commerce segment with 48 per cent market share while Softbank-backed Meesho has emerged as the fastest growing e-commerce platform in terms of user base in India, a latest report by AllianceBernstein said. 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. " As of FY23, Flipkart was the market leader, with a 48 per cent share in India eCommerce. Flipkart continues to grow faster than the industry... Mobile and apparel to be the largest categories for Flipkart with around 50 per cent and 30 per cent mix. Flipkart is estimated to hold 48 per cent and 60 per cent market share in online smartphone and online fashion market respectively," the report said. The report attributed growth in Meesho's market share primarily to its strategic focus Tier 2 and small

Flipkart may let 1,000 employees go, Swiggy likely to lay off 400

Flipkart is intensifying its efforts to achieve profitability as it is eyeing a valuation of approximately $60 billion at the time of its initial public offering (IPO), now planned in 2025-2026

TMS Ep613: Flipkart valuation, ASER 2023 survey, RIL stock, poverty

Is Flipkart's $60-billion valuation realistic? Does India's school education need a relook? Where is RIL stock headed? What is multidimensional poverty? All answers here

Republic Day Sale by Amazon and Flipkart live, discounts on top smartphones

Amazon Flipkart Republic Day sale is live in India. There are several products available at a huge discount. Here are the top 5 smartphone deals in the Republic Day sale

Flipkart eyes profitability ahead of IPO; looks to go public in 1 -2 years

Flipkart Internet, the marketplace arm of the e-commerce giant, recently reported a 42 per cent growth in operating revenue for FY23 at Rs 14,845 crore

Flipkart Republic Day Sale 2024: Here's all you need to know about the sale

Flipkart will start its Republic Day Sale on January 14, 2024. The Flipkart Plus members can get the access from January 13, 2024. Here's all you need to know about the sale

Flipkart to reduce its workforce by 5-7% based on performance by April

The Indian e-commerce giant is also about to close $1 billion in financing from Walmart

Flipkart forms strategic partnership with digit asset company Fireblocks

'India is fast emerging as the global hub for innovation in Web3,' said Ravi Krishnan, Head of Flipkart Labs

Flipkart Internet's operating revenue jumps 42% in FY23, loss declines 9%

Total expenses grew 26 per cent to Rs 19,043 crore in FY23

Flipkart in talks to raise $1 billion, $600 million to come from Walmart

The fundraising is likely to increase Flipkart's valuation by 5-10 per cent from $33 billion earlier

Saree beat oversized clothes as 2023's most shopped clothing item: Flipkart

Wireless headphones topped the gadget list while saree beat oversized and unisex fashion wear to emerge as the most shopped clothing item in 2023, according to e-commerce marketplace Flipkart's FlipTrends 2023. The report -- which gives a view into India's online shopping landscape -- is based on over 500 million registered Flipkart users. "While oversized and unisex fashion wear were some of the most popular lifestyle searches this year, the timeless saree was the most shopped product in 2023 on Flipkart. Within the fashion category, women's clothing across ethnic, contemporary, and western wear remained at the top of shopping lists," read the report. On the gadgets front, besides bullet headphones, the e-marketplace witnessed almost 3.2 times growth in premium laptops and a 100 per cent surge in tablet demand in 2023, reflecting the desire to upgrade for many. Shoppers spent an average of seven hours on the homegrown e-commerce marketplace this year, it said. The report also saw

Myntra surpasses 75 mn new app users, achieves record customer growth

The Gen Z fashion segment on the platform has recorded 2.25X surge in demand and 175% YoY growth in customers

D-Mart's Damani tops list of '200 Self-Made Entrepreneurs Of Millennia'

Sachin Bansal and Binny Bansal of Flipkart, Deepinder Goyal of Zomato among others in the list

Flipkart 'TBBD' sales lift Walmart's gross margins in Aug-Oct period

US retail giant Walmart's consolidated gross margins improved in the August-October period, helped by 'The Big Billion Days' sales by its Indian e-commerce arm Flipkart. The festive season, which fell in the third and fourth quarters, boosted Walmart International's sales by 13 per cent, said an earnings statement from US-based retailer Bentonville. Walmart follows a February-January calendar and its third quarter ended on October 31. "Consolidated gross margin rate up 32 bps positively affected by a slight improvement for Walmart US and timing of Flipkart's The Big Billion Days event, which flipped from Q3 last year to Q4 this year," said Walmart. Its consolidated revenue for the quarter was at USD 160.8 billion, up 5.2 per cent and 4.3 per cent in constant currency. Walmart International's net sales during the third quarter were USD 26.7 billion in constant currency terms, while its gross profit rate was up 151 bps. Walmart International business reported a strong growth by its

Festive cheers! Ecommerce platforms, online brands sales shine on Diwali

More than 50% of the total festive sales have come through online platforms, against 45% in 2022

Flipkart Diwali Sale: Washing machines, iPhones available at lower prices

Flipkart's Diwali sale offers a variety of products at discounted prices. The e-commerce platform has reduced the prices of washing machines to iPhone; complete details below

Walmart readies 'Open Call' in India on way to $10 bn a year export target

'The category expansion over the last 15 years has been incredible …The ingenuity, the grit, the education of the labour force are a strategic advantage in India'

Billionaire Flipkart founder Bansal ready to launch stealth AI startup

The startup's main operations will be in Bengaluru, and it's headquartered in Singapore, where it's in stealth mode for now and will launch its offerings within months

Reckitt Benckiser India, distributors at loggerheads over incentives

Distributors not happy with damage claims policy