Morgan Stanley, Flipkart’s most significant investor, has marked down its stake in the Indian e-commerce behemoth for the fifth time in a row...
Flipkart
Flipkart’s valuation further slashed down to $5.56 Bn by Fidelity Investments
India’s top e-commerce platform, Flipkart faces yet another valuation markdown by Fidelity Investments, an American financial services...
Paytm to invest Rs 1,000 crore to bolster its e-commerce business
After recently spinning out its e-commerce business as a separate platform, Paytm is now planning to put in around INR 800-1,000 crore in the...
Flipkart’s Bansal duo outlines deeper insights into company strategy in a town hall
Candid admissions are a rare occurrence in the corporate world. And as you move higher up in the hierarchy, the executives as a rule, are more...
Flipkart sets up a new office in Silicon Valley
Last year saw a trend of sorts, with new-age Indian brands roping in highly qualified professionals from the valley. The year also saw folks like...
For a pleasant turn around, Valic marks up Flipkart’s valuation by 10 per cent
After facing multiple rounds of series markdowns and flushed top managements, Flipkart seems to be getting back on its feet. Last week, Fidelity had...
Myntra ties up with Tech Connect Retail to meet FDI regulations
Festive season is almost round the corner and e-commerce companies are doing everything to grab maximum advantage of it. So be it expanding logistics...
[UPDATE] Flipkart asks over 1000 underperfoming employees to either resign or be shown the door
[UPDATE]
In a statement sent to us, Flipkart has explained, that this is more of a paerformance based ‘letting-go’ of employees rather...
[UPDATE : The deal is worth $70Mn] Flipkart-owned Myntra acquires struggling Jabong
The cat is finally out of the bag! Despite being caught in a deep financial crisis and an investigation probe, Rocket Internet-backed fashion...
Flipkart plans an over $100Mn investment to build an independent payments business
If you look at the current Indian e-commerce scene — from a Flipkart point of view — the scene is a clear dismal one, when you compare it...
Tech and Product Design leads leave Flipkart as company chases better cashflows
Flipkart’s senior management exodus, which started pretty much after change of guards between Sachin and Binny Bansal, continues. After a...
Amazon Alexa wouldn’t work in India due to connectivity, power and language barriers, says Flipkart CTO
Flipkart CTO Peeyush Ranjan believes that Amazon Alexa is a mighty fine innovation of technology that allows you to converse with it in natural...
Flipkart to introduce major changes to its flagship ‘Big Billion Day’ event
Even after multiple top level management changes and valuation markdowns, Flipkart is gearing up for another round of its annual flagship festivities...
Another senior executive quits Flipkart, legal head Rajinder Sharma resigns after 10 months of service
This has almost started to become a monthly occurrence now this year as yet another senior executive has left Flipkart (fourth such exit within 5...
Amazon and Alibaba to battle it out over Indian e-commerce market in next 6-9 months: PayTM CEO
India’s e-commerce market is one of the most lucrative ones around. With a tremendous scope of growth and a whole plethora of opportunities...
Another Flipkart markdown, Vanguard Investment slashes its share value by 25%
In yet another markdown (sixth this year precisely), US-based Vanguard Investment has marked down its share value in Flipkart by 25%. The...
Eyeing better cashflows, Flipkart continues to come down hard on sellers
Continuing with its new seller policies, Flipkart has announced a fresh new policy for sellers on its platform. The eCommerce firm has now increased...
Flipkart’s image search and Ping personal chatting features are dead
Last year, Flipkart launched Ping amid much fanfare. So much for the propaganda, that the company hosted an Apple/Samsung like launch event to...
Flipkart brings back interim CFO Kalyan Krishnamurthy to head category management
In a bid to strengthen (or re-strengthen I’d rather say) its top managerial tiers, Flipkart is bringing back former CFO Kalyan Krishnamurthy to...
Amazon joins Flipkart to protest against e-commerce entry tax, files lawsuit against Gujarat Government
E-commerce companies in India have begun to raise their voices against the e-commerce entry tax being levied by many state governments. Flipkart...
Flipkart sellers are not happy with company’s new return policy
According to a report in the ET, several hundred sellers at Flipkart are not happy with the new return policy of Flipkart and have decided to...