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Senior shake-up at Flipkart: Top deck under pressure as major executive departures expected
According to a report by ET, Flipkart, a major player in e-commerce, is currently trimming its workforce in a bid to enhance profitability. Multiple...
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...
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...
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...