Farmley, a dry fruits and nuts specialist brand has launched Sugar-Free Date Bites, according to the brand it has no added sugar and the newly launched Date Bites are made with the goodness of 6 ingredients – Pista, Almonds, Dates, Cashews, Honey & Ghee. Talking about the new launch, Akash Sharma, Founder and CEO, Farmley […]
Reliance Retail, under the control of Mukesh Ambani, is reportedly engaged in discussions with existing investors, including sovereign wealth funds from Singapore, Abu Dhabi, and Saudi Arabia, regarding a potential additional round of investments totaling around USD 1.5 billion. These talks are part of an internal objective to secure USD 3.5 billion in investments by […]
Flipkart, India’s homegrown e-commerce brand celebrated the success of its initiatives to support MSMEs, artisans and weavers with initiatives like Flipkart Samarth, a program that aims to contribute to the socio-economic development of communities with a special focus on women and rural entrepreneurs, differently-abled entrepreneurs, artisans and weavers across India while promoting traditional arts and […]
Flipkart, the ecommerce marketplace, joins hands with the government of Gujarat on National Handloom Day through a Memorandum of Understanding (MoU) with the Commissioner of Cottage & Rural Industries, Government of Gujarat, under the Flipkart Samarth program. The MoU aims to digitize local businesses that focus on the development of the crafts in every district […]
The Central government is expected to come out with the much-awaited draft of the e-commerce policy. Union Commerce Minister Piyush Goyal on Wednesday held the final round of consultations with industry representatives from Amazon, Flipkart, Tata Digital and more. Consumer Affairs Secretary Rohit Kumar Singh and Secretary, Department for Promotion of Industry and Internal Trade […]
Multinational retail giant Walmart has recently completed a significant financial transaction, purchasing hedge fund Tiger Global’s investment in the renowned Indian e-commerce firm, Flipkart, for a staggering USD 1.4 billion. This acquisition, reported by The Wall Street Journal based on information from Tiger Global’s letter to investors, places a valuation of USD 35 billion on […]
Flipkart has initiated a cash payout amounting to USD 700 million as compensation to its employees following the separation of PhonePe, marking the largest one-time cash payout in the history of Indian startups. CEO Kalyan Krishnamurthy stated in an internal email that each vested ESOP (Employee Stock Ownership Plan) would receive USD 43.67 as compensation, […]
Ecommerce majors such as Amazon and Flipkart have been invited to join India’s digital public infrastructure Open Network for Digital Commerce (ONDC), said the network’s Chief Executive Officer T Koshi. In an interaction with ANI, Koshi said it invited them and they were welcome to the network. “They are looking at (ONDC) seriously and we […]
At an investor conference, Walmart’s Chief Financial Officer, John David Rainey has said that Walmart’s Flipkart marketplace and PhonePe payments business in India has the potential to become USD 100 billion businesses due to their strong growth. While specific sales figures for Flipkart and PhonePe are not disclosed by Walmart, the company has emphasised the […]
POP, an ecommerce enablement start-up has launched its first-of-its-kind growth solutions platform focused on direct-to-consumer (D2C) brands. Founded by former Flipkart Senior Director Bhargav Errangi, POP has onboarded more than 75 leading consumer brands within a span of one month of its launch. POP has built a ubiquitous shopping currency called POPcoins that users can […]
