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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...
Meesho diversifies strategy, set to launch financial services and expand grocery delivery for enhanced profitability
Meesho, an e-commerce company backed by SoftBank, plans to develop a financial services platform and expand its grocery delivery business in the upcoming financial...
Meesho fastest growing e-commerce player; GMV tops $5 Billion: Alliance Bernstein Report
According to a recent report by Alliance Bernstein, the current Gross Merchandise Value (GMV) of Meesho, a value-driven e-commerce startup, is over USD 5...
Flipkart nears profitability amidst cost reduction measures and fintech expansion
Flipkart, the e-commerce giant led by Walmart, is approaching profitability, according to Kalyan Krishnamurthy, the group chief executive. Despite operating at a loss, Krishnamurthy...
IPO-bound Swiggy initiates workforce reduction, plans to cut 6% of jobs to enhance profitability
IPO-bound food and grocery delivery major Swiggy has initiated another round of layoffs to streamline costs and pursue profitability, according to sources in the...
Myntra navigates retail slowdown with over one new international brand weekly, records 25% revenue growth in FY23
Myntra, the online fashion retailer, said that it has been consistently integrating over one new international apparel, beauty, and lifestyle brand each week, on...
Flipkart-backed Ninjacart hits INR 1,000 Crore operating revenue milestone, records 19% YoY growth in FY23
Flipkart-backed B2B agritech startup Ninjacart saw its operating revenue cross the INR 1,000 Crore mark in the financial year ended on March 31, 2023....
Walmart-owned Flipkart initiates annual job cuts, targets 5-7% workforce reduction by April
Walmart-owned Flipkart has initiated a workforce reduction program that may result in a reduction of five to seven percent in its overall staff, as...
Myntra’s net loss jumps 31% to INR 782 Crores in FY23, sales touch INR 4,375 Crores
Flipkart-owned fashion ecommerce marketplace Myntra experienced a notable increase in its net loss, soaring over 30% in the financial year concluded on March 31,...
Amazon retains top spot as MSMEs’ preferred platform, reveals ISF Report
The report from the India SME Forum (ISF) highlights the sustained dominance of well-established platforms such as Amazon and Flipkart among MSMEs for sales....
Amazon and Flipkart’s ad revenue hits INR 8,705 Crore in FY23, reflecting a 39% upswing
Ecommerce giants Amazon and Flipkart saw a notable 39% surge in their combined advertising revenue, amounting to INR 8,705 crore for the fiscal year...
Adani Total Gas signs agreement to boost Flipkart’s efforts in decarbonizing supply chain
Adani Total Gas Limited (AGTL) has entered into a Memorandum of Understanding (MoU) with Flipkart, an ecommerce company owned by Walmart. The aim is...