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 […]
Jump trade, the flagship platform and marketplace of GuardianLink announce its partnership with Flipkart in procuring the RADDX Racing Metaverse Digital Lands, its Web3 advertising innovation. Flipkart is set to expand its advertising horizons by purchasing Digital Lands, a digital land parcel in the RADDX Racing Metaverse. Flipkart had earlier piloted its foray into the […]
Flipkart’s initiatives to generate opportunities for women in rural and small-towns around the country have enabled the workforce to supplement family incomes and enhance access to education and health care for their children. The company has seen a rise in female representation, with over 10,000 women joining the workforce across its value chain over the […]
Flipkart India Private Limited launched the ‘Flipkart Samarth Krishi’ program with the aim of providing India’s farming communities and Farmer Producer Organisations (FPOs) with national market access and more negotiation power through its platform. Aligned with the government’s commitment to empower Indian farmers and boost the agricultural sector, the ‘Flipkart Samarth Krishi’ program seeks to […]
