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Flipkart co-founder Binny Bansal leaves PhonePe, complete exit from Walmart ecosystem
Flipkart co-founder Binny Bansal has resigned from the board of directors of PhonePe, a digital payments company. Binny Bansal holds 1% stake in PhonePeThis move...
FM Nirmala Sitharaman: quick commerce to enhance India’s innovative image globally
Finance Minister Nirmala Sitharaman believes that the success of quick commerce startups can boost India's global reputation as a hub for innovative solutions. She...
Zomato enters into BSE’s flagship index, joins ranks of Reliance, Infosys
The Bombay Stock Exchange (BSE) has announced that it will add Zomato, the foodtech major, to its flagship BSE Sensex index, replacing JSW Steel,...
Zepto CEO claims quick commerce will create more jobs than Railways
Zepto CEO Aadit Palicha has made a bold claim that the quick commerce segment is poised to generate more jobs than what Indian Railways...
Myntra rolls out 30-Minute to 2-Hour Delivery amid quick commerce competition
Myntra, the fashion e-commerce platform, has launched a new 30-minute to 2-hour delivery feature called "M-Now" in select areas of Bengaluru. This move is part...
Flipkart appoints Walmart executive Dan Bartlett to Its Board of Directors
E-commerce major Flipkart has appointed Dan Bartlett, a senior executive at Walmart Inc, to its board of directors. Bartlett, who is currently the executive...
Zepto raises $350 Mn from Sachin Tendulkar, Amitabh Bachchan led by Motilal Oswal
Quick commerce major Zepto has raised $350 million (approximately INR 2,950 crore) in a funding round led by Motilal Oswal's private wealth division.Domestic Investors,...
Tata CLiQ rebrands as Tata CLiQ Fashion, shifts focus to fashion and lifestyle
Tata CLiQ, an e-commerce platform, has rebranded as Tata CLiQ Fashion, marking its transition from a general marketplace to a specialised platform focused on...
Zomato CEO Deepinder Goyal clarifies controversy over INR 20 Lakh fee job
Zomato cofounder and CEO Deepinder Goyal issued a clarification regarding the company's job listing for a chief of staff position, which received criticism...
E-commerce platforms transforms consumer buying patterns in metro cities – NielsenIQ
The rise of online platforms has transformed consumer buying patterns, particularly in metro cities, where shoppers now prefer "stock-up" purchases over "top-up" buys, according...
Swiggy now offers kitchen equipment procurement service to restaurant partners
Days after its public market debut, foodtech major Swiggy has introduced a new service to help restaurant partners source kitchen equipment.Swiggy new service connects...
RBI says rural India emerges as “Goldmine” for e-commerce platforms
The Reserve Bank of India (RBI) has highlighted rural India's significant contribution to ecommerce growth in the recent festive season. In its November 2024...