Flipkart will soon start hyperlocal delivery of groceries and essentials in Hyderabad. In partnership with Spencers, which has 200 hypermarket and supermarket format stores across India. Post this pilot, they will explore pan-India launch.
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For the FY ending March 2018, Flipkart’s wholesale arm, Flipkart India’s losses has increased by nearly 750% to over Rs 2,000 crore, while the online marketplace company, Flipkart Internet has reported losses of about Rs 1,100 crore, which is a drop of just under 30% compared to the...
The Walmart – Flipkart deal is NOW official which means that Walmart is acquiring Flipkart and Walmart will pay approximately $16 billion for an initial stake of approximately 77 percent in Flipkart. Walmart / Flipakrt Deal Details Walmart’s investment includes $2 billion of new equity...
This is being talked for so many days and Flipkart has finally confirmed this Flipkart Group has raised a total of $1.4 billion from Tencent, eBay and Microsof. This investment adds to an existing group of marquee investors that include Tiger Global Management, Naspers Group, Accel Partners and DST...
In an effort to improve customer experience, the online marketplace is shifting its focus back to become an inventory-based company, with the prime concentration on metrics such as product quality and delivery speed. Reportedly, the company’s reputation with customers has taken a huge hit...
Amazon could be on its way to pip Flipkart as the top e-commerce seller in India. Amazon’s gross sales in July were above Rs 2,000 crore, while Flipkart’s gross merchandise value (GMV) for July were reportedly less than Rs 2,000 crores. However, these numbers exclude revenue from Jabong and Myntra...
The candid confession could help boost employee morale when there is considerable downsizing happening in the organisation on one side and its battle with Amazon getting heated up on the other .
Flipkart has assured that all the students will be recruited but no extra compensation will be given as asked by the institute.
The All-IITs Placement Committee which comprises of all the placement cell heads across all IITs, will meet soon
