The launch is expected to be in the second half of next month, said one source who added that the online retailer is charging a fee of 6-10% fee to sell products on their platform as against the 12-15% industry average.
Flipkart is in the midst of FDI controversy and company’s office was raided by ED (Enforcement Directorate) on November 30. Important documents and computer hard drives were confiscated to be submitted to the cyber forensic department for further investigation
Flipkart recently launched ‘saved card’ feature and this post by Abhishek Rajan, Senior Product Manager at Flipkart describes some of the product/UX challenges company faced while implementing the feature, and the thought process behind some of the decisions.
Important to note that Flipkart ebooks are in proprietary format and you cannot print, copy, side-load (move from one device to another), email, save images or automatic “read out loud”.
The Reserve Bank of India has informed that matters related to Bharti Wal-Mart/ Cedar Support Services Limited and M/s Flipkart Online Services Pvt. Limited, respectively, have been referred to the Directorate of Enforcement for further investigation.
Given the amount of money Flipkart is spending in Print/TV media, this is a good example of an organizational level connect between the marketing and technology team.
Junglee’s growth in the last 30 days has been quite stellar in comparison to the other brands who all registered mid-low single digit growth rates. It’s not like Junglee’s growth has been sporadic either, it has been consistent week by week since it launched.
Flipkart launches mens clothing. Zovi.com appoints Manish Copra as CEO. University of Iowa launches mind reader to induce relaxation. Samsung expects record operating profits in third quarter. Zynga cuts forecast. Sony stops selling Xperia tablets after discovering defects.
Indian online retailer Flipkart is set to raise $ 150 million as an additional round of funding led by South Africa’s media group Nasper and existing investor Tiger Global, according to various reports. This will infuse fresh capital into the company which operates in a crowded segment which is known for its high burn rates and razor thin margins.
Flipkart has also crossed gross sales of Rs 100 crores in June and according to Nigam, Flyte currently contributes to about Rs 1 cr which is 1 percent of Flipkart overall sales.