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BigBasket aims to turn profitable in 8 months; eyeing IPO in 2025
BigBasket, the Tata group-owned online grocer, is eyeing to come out with an initial public offering in 2025 after turning profitable, a top official...
Flipkart Internet receives INR 924 Crore cash infusion from Singapore entities
Flipkart’s marketplace arm, Flipkart Internet, has received a cash infusion, raising about INR 924 crore ($111 million) in two parts from its related entities...
Quick commerce platforms Blinkit and Zepto expand into e-commerce, targeting fashion, beauty, electronics, and more
Two major quick commerce platforms, Blinkit owned by Zomato and Mumbai-based newcomer Zepto, are rapidly expanding into the realm of e-commerce. They are set...
D2C footwear brand Fausto makes foray into UAE market through Amazon
Fausto, the D2C online footwear brand, announced on Monday its entry into the UAE market through e-commerce giant Amazon with the introduction of a...
Amazon to challenge Meesho with budget-friendly fashion vertical ‘Bazaar’
Amazon, the ecommerce major, is reportedly gearing up to launch its new vertical, Bazaar, showcasing budget-friendly, unbranded fashion and lifestyle products.As per ET's report,...
Zomato’s Blinkit set to ramp up e-commerce deliveries with diverse product range
Zomato may soon encounter competition from ecommerce giants such as Amazon and Flipkart as it delves into expanding its 10-minute delivery service, Blinkit, to...
E-commerce firms boost efforts for gender diversity in supply chain roles
E-commerce firms are actively working to address the gender imbalance in supply chain roles, which have historically been dominated by men.In a bid to...
Jeff Bezos divests $2 Billion worth of Amazon shares as part of planned sell-off strategy
Amazon Founder Jeff Bezos recently divested approximately 12 million shares of the renowned online retail and cloud services company for an estimated $2 billion,...
Amazon India’s marketplace division sees INR 830 Cr investment from US parent
Amazon Seller Services, the marketplace division of Amazon India, has generated INR 830 crore from its US parent.As a part of this capital injection,...
Amazon Founder Jeff Bezos to sell 50 Million shares by January 31 next year
Jeff Bezos, the founder of Amazon.com, is set to sell 50 million shares in the online retail and cloud services firm over the next...
Govt to sell Bharat brand rice on major e-commerce platforms, targets hoarding with mandatory stock disclosure
On Friday, Sanjeev Chopra, the food secretary, announced that the government plans to introduce the sale of rice under the Bharat brand in the...
Flipkart revives same-day delivery service across 20 cities, taking on Amazon’s Prime model
The same-day ecommerce delivery service, pioneered by Amazon through its Prime subscription model in 2017, has recently witnessed a revival. Joining the fray on...