Flipkart has blacklisted 250 sellers on its platform after the e-commerce player found them to be selling substandard products. The ecommerce player launched an initiative ‘mystery shopping’ six months ago and…
Flipkart through its logistics arm EKart, has filed a writ in the high court of Uttarakhand, against the state. Uttarakhand has imposed a 10% tax on the good purchased from…
Ankit Nagori, Former Chief Business Officer at Flipkart has joined the Picsdream’s Board of Directors. Picsdream is a photography-centric marketplace that offers creators of photographs a portal to showcase, share…
The wallet will be powered by FX Mart which was acquired by Flipkart last year. The new method has been launched on Android smartphones. The wallet can be recharged through credit/debit card or net banking. The limit for one time recharge is Rs 10000 and a total of Rs 25,000 can be added by the users in a month.
Mahindra recorded over 21000 bookings within a months’ time of its launch both on Flipkart and offline. It is available in 7 colors of Fiery Orange, Flamboyant Red, Dazzling Silver, Aquamarine, Pearl White, Designer Grey and Midnight Black. Flipkart launched automobiles as a category in January 2016.
Mukesh Ambani (US$26bn, rank 21) is the richest Indian. Average age of Indian billionaire is 64. Mumbai is headquarters to most of the billionaires. Manufacturing, Pharma and Tech are the preferred sectors with 22, 20 and 15 billionaires respectively. Totalwealth of billionaires shot up by 16% to US$308bn.
With cofounder Binny being the new CEO, this is going to be a defining moment for the company as the funding environment is slowing down and importantly, Amazon is heating up the market.
Flipkart will shut its groceries delivery app Nearby which was launched four months back. It was an experiment and thus no marketing was done by the e-commerce firm. Lack of customers and cost cutting are the two major reasons for shutting the app by end of this month.
The Flipkart app, which is also among the highest rated Indian shopping app on Google Play, is the first Indian app across all genres including popular ones like communication, social, entertainment, to cross the 50 million install benchmark.
Mukesh Bansal, Head of Commerce Platform,Flipkart is moving out of his active role to be an advisor to the company. Ankit Nagori, Chief Business Officer, Flipkart is also moving on from Flipkart to start an entrepreneurial venture in the sports domain.