Walmart's Flipkart IPO faces delays amidst India's complex e-commerce regulations, potentially pushing it ...More

Walmart's Flipkart IPO faces delays amidst India's complex e-commerce regulations, potentially pushing it to 2026. Regulatory scrutiny targets foreign-backed platforms, hindering Walmart's expansion while benefiting domestic competitors like Ambani. A potential Trump administration could pressure India for concessions, impacting the future of US retail investment in the country. ...Less

The Supreme Court has directed that all cases related to alleged anti-competitive practices by e-commerce ...More

The Supreme Court has directed that all cases related to alleged anti-competitive practices by e-commerce giants Amazon and Flipkart, pending in various High Courts, be transferred to the Karnataka High Court. The Competition Commission of India (CCI) had found merit in allegations of violations of the Competition Act, 2002 by the companies, including exclusive arrangements and deep discounts. ...Less

India's antitrust body has urged the Supreme Court to hear 23 legal challenges to its investigation of Am ...More

India's antitrust body has urged the Supreme Court to hear 23 legal challenges to its investigation of Amazon and Flipkart, filed by Samsung, Vivo, and other vendors. The challenges aim to block the probe into allegations that the e-commerce giants breached antitrust laws by favoring certain sellers. ...Less

The Competition Commission of India (CCI) has urged the Supreme Court to transfer 24 writ petitions relat ...More

The Competition Commission of India (CCI) has urged the Supreme Court to transfer 24 writ petitions related to alleged anti-competitive practices by Amazon and Flipkart to a single High Court, preferably Delhi High Court, to expedite hearings and avoid conflicting rulings. The Supreme Court has agreed to list the matter early, with a likely hearing on Friday. ...Less

The Supreme Court upheld the Allahabad High Court's decision to quash tax reassessment proceedings agains ...More

The Supreme Court upheld the Allahabad High Court's decision to quash tax reassessment proceedings against Flipkart India for the assessment year 2012-13. The court deemed the reassessments, initiated by the Uttar Pradesh government, time-barred. The High Court had found no justification for the reassessment, stating there was no evidence of escaped turnover or suppression. ...Less

The Enforcement Directorate (ED) has uncovered evidence suggesting that Amazon and Flipkart exert signifi ...More

The Enforcement Directorate (ED) has uncovered evidence suggesting that Amazon and Flipkart exert significant control over their preferred sellers. Investigations revealed close ties between these sellers and the e-commerce giants, with evidence suggesting control over inventory, pricing, and profits. The ED is preparing a formal complaint alleging violations of foreign investment laws. ...Less

The Enforcement Directorate raided offices of vendors working with Amazon and Flipkart. The raids, conduc ...More

The Enforcement Directorate raided offices of vendors working with Amazon and Flipkart. The raids, conducted in multiple cities, are part of an investigation into potential violations of foreign investment rules. Both Amazon and Flipkart have faced scrutiny over their business practices in India, including allegations of giving preference to certain sellers and bypassing foreign investment laws. ...Less

Swiggy's successful IPO, raising over Rs 10,000 crore, signals a surge in investment for quick commerce. ...More

Swiggy's successful IPO, raising over Rs 10,000 crore, signals a surge in investment for quick commerce. This influx of capital is fueling expansion plans for Swiggy Instamart, Blinkit, and Zepto, intensifying competition with e-commerce giants like Amazon and Flipkart. ...Less

Flipkart has appointed Seema Nair as its new chief human resources officer. Nair, with nearly three decad ...More

Flipkart has appointed Seema Nair as its new chief human resources officer. Nair, with nearly three decades of experience across various industries, will oversee HR operations at Flipkart. She previously held senior HR roles at Reliance Industries, Hindustan Coca Cola Beverages, and Cisco Systems. Nair holds an MBA in Human Resources from XLRI Jamshedpur. ...Less

Shoppers focused on mobile phones and electronics in the first week of online festive sales. Platforms li ...More

Shoppers focused on mobile phones and electronics in the first week of online festive sales. Platforms like Amazon and Flipkart achieved Rs 54,500 crore in sales, driven by mobile phones and electronics. iPhones and Samsung Galaxy S23 FE were popular. Over half of the buyers opted for EMIs, particularly in smaller towns. ...Less

The Karnataka High Court has temporarily halted the Competition Commission of India's investigation into ...More

The Karnataka High Court has temporarily halted the Competition Commission of India's investigation into Flipkart and Amazon due to procedural errors by the director general. The investigation alleges the ecommerce giants violated FDI rules and engaged in anti-competitive practices like exclusive launches, deep discounting, and preferential listings. ...Less

Zomato-owned quick-commerce platform Blinkit has a new CFO. Vipin Kapooria will oversee finances for the ...More

Zomato-owned quick-commerce platform Blinkit has a new CFO. Vipin Kapooria will oversee finances for the quick-commerce platform. Zomato recently raised funds to expand Blinkit. Kapooria's appointment follows the exit of the previous CFO over two years ago. Blinkit aims to expand its dark store network significantly. Competition is heating up with rivals like Zepto and Swiggy Instamart. ...Less

Online marketplaces achieved $6.5 billion in sales during the first week of festive sales, a 26% rise fro ...More

Online marketplaces achieved $6.5 billion in sales during the first week of festive sales, a 26% rise from last year. Mobile phones, electronics, and consumer durables were the top categories. Demand was especially strong among shoppers from smaller towns. Companies like Flipkart, Amazon, and Meesho saw significant increases in orders. ...Less

Flipkart customers are upset over a recent promotion that advertised the iPhone 13 for Rs 11 during the B ...More

Flipkart customers are upset over a recent promotion that advertised the iPhone 13 for Rs 11 during the Big Billion Days sale. Many faced disappointment as the product went out of stock quickly or encountered technical issues. Flipkart responded, explaining that only the first three customers could claim the offer, raising concerns about fairness and transparency. ...Less

The Indian government plans to crack down on quick commerce companies like Zomato's Blinkit and Swiggy In ...More

The Indian government plans to crack down on quick commerce companies like Zomato's Blinkit and Swiggy Instamart for not displaying mandatory expiry dates on their platforms. The move follows multiple consumer complaints received through the National Consumer Helpline. Flipkart Minutes currently complies with this requirement. ...Less

The Supreme Court has stayed proceedings on Amazon and Flipkart's alleged anti-competitive practices befo ...More

The Supreme Court has stayed proceedings on Amazon and Flipkart's alleged anti-competitive practices before the Karnataka High Court. It directing that all related cases be transferred there. The case will be heard next on January 6. The attorney general said that the Competition Commission of India (CCI) does not have any objection if the cases was heard by the Karnataka High Court. ...Less

Indian antitrust investigations have revealed that Amazon and Flipkart violated competition laws by favor ...More

Indian antitrust investigations have revealed that Amazon and Flipkart violated competition laws by favoring certain sellers, prioritizing specific listings, and offering steep discounts. These practices have negatively impacted other companies. The Competition Commission of India (CCI) detailed these findings in two reports reviewed by Reuters. ...Less

Samsung, Xiaomi, and other smartphone companies allegedly colluded with Amazon and Flipkart to launch pro ...More

Samsung, Xiaomi, and other smartphone companies allegedly colluded with Amazon and Flipkart to launch products exclusively on their Indian websites, violating antitrust laws. The Competition Commission of India found that these practices hurt other businesses by giving preference to select sellers and steeply discounting products. ...Less

The Competition Commission of India is expected to issue final orders by November on its investigation in ...More

The Competition Commission of India is expected to issue final orders by November on its investigation into Amazon and Flipkart's alleged anti-competitive practices. The probe has found that both companies extended preferential treatment to select sellers, distorting competition across various product categories. The final decision will follow deliberations on the findings and responses from the parties involved. ...Less

Reliance Retail is testing sales of Shein's casual women's westernwear on its Ajio platform. Despite Shei ...More

Reliance Retail is testing sales of Shein's casual women's westernwear on its Ajio platform. Despite Shein's ban in 2020, a partnership allows sales to resume domestically, abiding by government regulations. Shein will rival brands like Zudio and Myntra in the lucrative, growing Indian fast fashion market. ...Less

Lenskart’s largest eyewear manufacturing facility will come up in Telangana. This and more in today’s ETt ...More

Lenskart’s largest eyewear manufacturing facility will come up in Telangana. This and more in today’s ETtech Top 5. ...Less

The Competition Commission of India (CCI) is urged to suspend Flipkart and Amazon operations due to alleg ...More

The Competition Commission of India (CCI) is urged to suspend Flipkart and Amazon operations due to alleged predatory pricing and heavy discounts causing grey market issues. CAIT and AIMRA also call for action against Chinese brands like OnePlus, iQOO, and Poco for colluding with e-commerce players, resulting in tax evasion and losses for mainline retailers. ...Less

The Supreme Court declined to move cases against Amazon and Flipkart. The Competition Commission of India ...More

The Supreme Court declined to move cases against Amazon and Flipkart. The Competition Commission of India will approach the Karnataka High Court. The CCI wants a single judge to hear the cases first. The cases involve alleged anti-competitive practices. The CCI cited public interest in the matter. ...Less

Flipkart, India's leading e-commerce giant, is gearing up for a landmark IPO within the next 12-15 months ...More

Flipkart, India's leading e-commerce giant, is gearing up for a landmark IPO within the next 12-15 months. The Walmart-owned company has initiated the process by shifting its domicile to India, aiming for a public listing by late 2025 or early 2026. ET was the first to report on May 13 about Flipkart’s plans to move its parent company back to India. ...Less

As festive sales peak, etailers like Flipkart, Amazon, Myntra, and Meesho are enhancing employee wellness ...More

As festive sales peak, etailers like Flipkart, Amazon, Myntra, and Meesho are enhancing employee wellness measures. These include live bands, fashion shows, wellness challenges, and more to keep morale high. With consumer demand subdued, companies aim for strong sales through higher discounts and promotions. ...Less

Brands in India are gearing up to tap into the spending power of Gen Z this festive season, with expectat ...More

Brands in India are gearing up to tap into the spending power of Gen Z this festive season, with expectations for a significant boost in consumer spending. The "swipe-up" generation, born between 1996 and 2010, represents about 20% of the global Gen Z population and 27% of India’s. They are projected to spend an average of ?23,000, contributing to a 47% increase in overall consumer spending during the festive period. ...Less

Happy Monday! Flipkart is padding up for an initial public offering (IPO) here and Myntra’s turned profit ...More

Happy Monday! Flipkart is padding up for an initial public offering (IPO) here and Myntra’s turned profitable. This and more in today’s ETtech Morning Dispatch. ...Less

Return on 6-year-old investment is over 50%higher than 2nd-most profitable deal in India, little short of ...More

Return on 6-year-old investment is over 50%higher than 2nd-most profitable deal in India, little short of Tiger Global's blockbuster Flipkart bet ...Less

Flipkart is expanding its quick commerce operations under the brand 'Minutes,' piloting in Bengaluru, Mum ...More

Flipkart is expanding its quick commerce operations under the brand 'Minutes,' piloting in Bengaluru, Mumbai, and Delhi NCR to meet rising demand for faster deliveries. Competing with platforms like Blinkit and Swiggy Instamart, Flipkart aims to tap into a market projected to grow from $6.1 billion in 2024 to $40 billion by 2030. ...Less

Mall operators are urging retailers to postpone their end-of-season sales to January. Several retailers b ...More

Mall operators are urging retailers to postpone their end-of-season sales to January. Several retailers began discounting early due to concerns about unsold winter inventory and a shorter shopping season. This early start impacts mall revenues as they operate on a revenue-sharing model. Retailers hope the discounts will boost cash flow and increase revenue. ...Less

French beauty giant L’Oréal’s corporate venture capital fund, Bold, and existing investor Skywalker Famil ...More

French beauty giant L’Oréal’s corporate venture capital fund, Bold, and existing investor Skywalker Family Office also participated in the funding round. The company’s post-money valuation is now Rs 195 crore. According to cofounder Dhruv Madhok, the funds will be used to enhance the firm's R&D efforts in hair and scalp solutions, strengthen its content and marketing efforts, and focus on talent acquisition. ...Less

Indian brands launched winter sales earlier than usual. A warm November and weak demand prompted the move ...More

Indian brands launched winter sales earlier than usual. A warm November and weak demand prompted the move. Retailers aim to reduce excess stock and boost cash flow. Discounts are offered in stores and online. Companies hope sales will rise by 8-12% despite the shorter winter season. Some brands delayed sales due to recent temperature drops. ...Less

Kalyan Krishnamurthy, CEO of Flipkart Group, said Bartlett has been closely associated with Flipkart sinc ...More

Kalyan Krishnamurthy, CEO of Flipkart Group, said Bartlett has been closely associated with Flipkart since Walmart’s investment in 2018. ...Less

Happy Tuesday! ETtech’s annual list of the most important CXO exits and movements in the startup and tech ...More

Happy Tuesday! ETtech’s annual list of the most important CXO exits and movements in the startup and tech industry is here. This and more in today’s ETtech Morning Dispatch. ...Less

ED is investigating alleged violations under the Foreign Exchange Management Act (Fema) that are ordinari ...More

ED is investigating alleged violations under the Foreign Exchange Management Act (Fema) that are ordinarily civil offences entailing monetary penalties. Earlier this month, the agency conducted nationwide searches at 19 sites related to large sellers on Amazon and Flipkart in New Delhi, Bengaluru and Hyderabad. ...Less

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stor ...More

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look. ...Less

Flipkart is preparing to launch a rapid delivery service named Flipkart Minutes, targeting medicine deliv ...More

Flipkart is preparing to launch a rapid delivery service named Flipkart Minutes, targeting medicine deliveries within 10 minutes. The service will use local chemists in metro areas for inventory, complying with India's drug regulations. This quick commerce initiative aims to tap into the largely unexplored market of medical deliveries, promising better margins than food and groceries. ...Less

Contract manufacturing startup Zetwerk and Rebel Foods have raised fresh funds. This and more in today’s ...More

Contract manufacturing startup Zetwerk and Rebel Foods have raised fresh funds. This and more in today’s ETtech Top 5. ...Less

Samsung claims the Competition Commission of India illegally seized data during a raid. The raid was part ...More

Samsung claims the Competition Commission of India illegally seized data during a raid. The raid was part of an antitrust investigation into Amazon and Flipkart. Samsung employees were detained, and their phones were searched. The company argues the CCI's findings should be quashed. The CCI alleges Samsung colluded with online retailers for exclusive product launches. ...Less

Commerce and Industry Minister Piyush Goyal criticised Amazon's USD 1 billion investment in India, accusi ...More

Commerce and Industry Minister Piyush Goyal criticised Amazon's USD 1 billion investment in India, accusing the company of filling losses through predatory pricing that harms small retailers. He questioned the e-commerce business model and potential social disruptions caused by fast-growing online retail. Goyal emphasised the need for orderly technology growth and citizen-centric connectivity. He also disassociated himself from a report on e-commerce impact, expressing concern over the future dominance of e-commerce in India. ...Less

The petitioner had bought 13 small plastic containers of an health drink mix from Flipkart in October 202 ...More

The petitioner had bought 13 small plastic containers of an health drink mix from Flipkart in October 2023. The commission found both Flipkart and the seller of the food guilty for not accepting the return of the "inferior quality" food product. ...Less

The government believes that consumers' confidence and ability to make educated decisions are just as imp ...More

The government believes that consumers' confidence and ability to make educated decisions are just as important as the amazing opportunities presented by the digital revolution, said Consumer Affairs Minister Pralhad Joshi at Amazon's flagship annual summit, Amazon Smbhav. He added that ecommerce platforms must win over customers' trust and confidence. ...Less

The Flipkart Black Friday Sale 2024 begins on 24th November and runs until 29th November. Shoppers can ex ...More

The Flipkart Black Friday Sale 2024 begins on 24th November and runs until 29th November. Shoppers can explore discounts on smartphones, electronics, laptops, and home appliances. Notable deals include the iPhone 15 at ?57,749, Galaxy S23 at ?38,999, and up to 80% off on gadgets like smartwatches and earbuds. Discounts of up to 75% are available on smart TVs and home appliances. This year-end sale offers a great opportunity to save across categories. ...Less

Happy Monday! The Enforcement Directorate (ED) has narrowed its probe’s focus on ecommerce firms. This an ...More

Happy Monday! The Enforcement Directorate (ED) has narrowed its probe’s focus on ecommerce firms. This and more in today’s ETtech Morning Dispatch. ...Less

Flipkart has deployed over 10,000 electric vehicles in its delivery fleet, resulting in improved delivery ...More

Flipkart has deployed over 10,000 electric vehicles in its delivery fleet, resulting in improved delivery speed and reduced costs. This milestone aligns with their goal of a fully electric fleet by 2030. They are also investing in charging infrastructure, partnering with the Adani Group to establish charging sites in tier-2 cities. ...Less

BOBCARD: BOBCARD by Bank of Baroda credit card users are in for rejoice as they will get big discounts on ...More

BOBCARD: BOBCARD by Bank of Baroda credit card users are in for rejoice as they will get big discounts on Flipkart, Amazon, Croma and Jiomart this wedding season. Moreover, BOBCARD by Bank of Baroda Credit Card, has launched EMI facility on UPI. "To use EMI on UPI feature on BOBCARD, the transaction amount must be at least Rs 2500," says ?Ravindra Rai, MD & CEO, BOBCARD. ...Less

Three Indian MSMEs, Prateek Enterprises, Quiqcurry, and Vinayak International, overcame business challeng ...More

Three Indian MSMEs, Prateek Enterprises, Quiqcurry, and Vinayak International, overcame business challenges and achieved significant growth with the help of the Walmart Vriddhi program. The program provided training, mentorship, and resources, enabling them to refine their business models, improve online sales strategies, and expand their product offerings. ...Less

The Flipkart-owned fashion platform, which entered quick commerce last week, has been working on slashing ...More

The Flipkart-owned fashion platform, which entered quick commerce last week, has been working on slashing the cost of returns which has played a key role in reducing losses. For fashion businesses, returns represent a significant expense, where return rates typically range from 30-40%. Myntra has been discouraging returns by offering discounts and other benefits. ...Less

Happy Wednesday! The booming instant delivery sector is driving players to sharpen their hiring systems f ...More

Happy Wednesday! The booming instant delivery sector is driving players to sharpen their hiring systems for gig workers. This and more in today’s ETtech Morning Dispatch. ...Less

Meta plans to appeal the penalty levied by the competition watchdog regarding WhatsApp's 2021 privacy pol ...More

Meta plans to appeal the penalty levied by the competition watchdog regarding WhatsApp's 2021 privacy policy. This and more in today's ETtech Top 5. ...Less

The Enforcement Directorate has conducted search operations at the premises of Amazon and Flipkart seller ...More

The Enforcement Directorate has conducted search operations at the premises of Amazon and Flipkart sellers. This and more in today’s ETtech Top 5. ...Less

The US retailer's chief financial officer John David Rainey says same-day delivery for Flipkart surged 2. ...More

The US retailer's chief financial officer John David Rainey says same-day delivery for Flipkart surged 2.5 times during the festive sale. Walmart had reported that its revenue from advertising had increased to 50% because of the ad business of Flipkart. ...Less

Online fashion retailer Myntra is aiming for faster delivery to customers with a new 30-minute service. T ...More

Online fashion retailer Myntra is aiming for faster delivery to customers with a new 30-minute service. This and more in today’s ETtech Top 5. ...Less

Bansal played a pivotal role in Flipkart's acquisition of PhonePe in 2016 and has worked closely with Pho ...More

Bansal played a pivotal role in Flipkart's acquisition of PhonePe in 2016 and has worked closely with PhonePe founder Sameer Nigam since then, including after the payments firm’s separation from Flipkart. ...Less

The planned action signals growing regulatory scrutiny of Walmart-owned Flipkart and Amazon when their sa ...More

The planned action signals growing regulatory scrutiny of Walmart-owned Flipkart and Amazon when their sales are rapidly growing in India's $70 billion e-commerce market. An antitrust investigation also found the two companies breached laws by favouring select sellers, Reuters has reported. ...Less

Zomato, Flipkart, Ola, Meesho, Gameskraft, HiLabs, Roombr, Myntra, PhonePe, Quicksell, Indus Insights, Gr ...More

Zomato, Flipkart, Ola, Meesho, Gameskraft, HiLabs, Roombr, Myntra, PhonePe, Quicksell, Indus Insights, Groww, WinZo, Cars24, Battery Smart and NoBroker are among these companies visiting campuses such as the National Institutes of Technology, Birla Institute of Technology & Science Pilani, Indian Institutes of Information Technology (IIITs) and Indian Institutes of Technology. The domains they are recruiting for include software development, data science, product analytics, artificial intelligence and machine learning. ...Less

Happy Tuesday! Flipkart and Swiggy up the quick commerce ante. This and more in today’s ETtech Morning Di ...More

Happy Tuesday! Flipkart and Swiggy up the quick commerce ante. This and more in today’s ETtech Morning Dispatch. ...Less

Sales volume of ready-to-eat foods topped growth on e-commerce channels, expanding 52% in the MAT Septemb ...More

Sales volume of ready-to-eat foods topped growth on e-commerce channels, expanding 52% in the MAT September 2024 compared to 2023. Sales of salty snacks and refined edible oils grew 41% each, followed by biscuits (40%) and packaged atta (39%). ...Less

A person in the know said the searches have stemmed from the CCI’s probe on online marketplaces, which fo ...More

A person in the know said the searches have stemmed from the CCI’s probe on online marketplaces, which found that both Amazon and Flipkart were giving preferential treatment to some of their larger sellers. ...Less

According to data from the BSE, bids were placed for 5.4 million shares out of a total of 22.5 million on ...More

According to data from the BSE, bids were placed for 5.4 million shares out of a total of 22.5 million on offer. The IPO consists of a fresh issue of Rs 550 crore and an offer for sale (OFS) of up to 20.6 million equity shares, according to the red herring prospectus. ...Less

A Meta study reveals that 70% of online shoppers in India's tier-II and tier-III markets discover product ...More

A Meta study reveals that 70% of online shoppers in India's tier-II and tier-III markets discover products through social media, with 60% using reels and influencers. Quick commerce adoption is also on the rise, with 50% of respondents using it in the past week. ...Less

The company said that the delivery time will range from 30 minutes to four hours. The price of products u ...More

The company said that the delivery time will range from 30 minutes to four hours. The price of products under this service is higher than that of the next day delivery service with a fee of Rs 99 for Express delivery according to Hyperpure’s app. ...Less

Happy Wednesday! Ecommerce firms are trying to catch up with quick commerce players as they shorten their ...More

Happy Wednesday! Ecommerce firms are trying to catch up with quick commerce players as they shorten their delivery timelines. This and more in today’s ETtech Morning Dispatch. ...Less

Many prominent ecommerce firms like Flipkart, Nykaa, Myntra and FirstCry have increased their offering of ...More

Many prominent ecommerce firms like Flipkart, Nykaa, Myntra and FirstCry have increased their offering of same-day deliveries in metros and teir-1 cities. Even as brands are approaching quick commerce platforms for fast deliveries, they working with third-party logistics firms and trying out their own quick delivery models. ...Less

“Fireside has built a strong niche and stature in the ecosystem by living and practicing the value of 'go ...More

“Fireside has built a strong niche and stature in the ecosystem by living and practicing the value of 'good' – being founder-first and helping brands do good to do well,” said Menon. ...Less

Quick commerce platforms are shifting gears, encouraging bulk purchases by offering higher discounts for ...More

Quick commerce platforms are shifting gears, encouraging bulk purchases by offering higher discounts for larger cart sizes. These companies are now offering higher-than-usual discounts on minimum orders of Rs 1,000-1,500, with the aim to improve unit economics. ...Less

India's quick commerce market is booming and is set to reach USD 40 billion by 2030. This surge is driven ...More

India's quick commerce market is booming and is set to reach USD 40 billion by 2030. This surge is driven by consumer demand for fast deliveries, with 46% of consumers reducing their reliance on traditional Kirana shops. Quick commerce platforms are projected to capture 21% of total Kirana sales by 2024. ...Less

Google's $350 million investment in Flipkart is part of a nearly $1 billion funding round that valued the ...More

Google's $350 million investment in Flipkart is part of a nearly $1 billion funding round that valued the Indian e-commerce giant at $35-36 billion. Temasek’s deal, a mix of primary and secondary share sales, comes at a nearly flat valuation compared to its previous round about three years ago. ...Less

In August, Flipkart senior vice president of category and marketplace Amitesh Jha joined Swiggy as the ch ...More

In August, Flipkart senior vice president of category and marketplace Amitesh Jha joined Swiggy as the chief executive of Instamart, while Dhruvish Thakkar, a senior director at Flipkart Epharma, moved to Swiggy the following month as assistant vice-president of Dineout – its dining out vertical. ...Less

China's Xiaomi had complained to the Competition Commission of India (CCI) that the report - which found ...More

China's Xiaomi had complained to the Competition Commission of India (CCI) that the report - which found Flipkart, some of its sellers, and smartphone players in violation of competition laws - contained commercial secrets that should have been redacted, Reuters reported in September. ...Less

While quick commerce platforms are increasingly adding beauty and fashion categories to their offerings, ...More

While quick commerce platforms are increasingly adding beauty and fashion categories to their offerings, Myntra will be one of the first specialised fashion platforms to enter the quick commerce arena with M-Now. ...Less

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stor ...More

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look. ...Less

Binny Bansal has stepped down from PhonePe's board, following his earlier departure from Flipkart. This a ...More

Binny Bansal has stepped down from PhonePe's board, following his earlier departure from Flipkart. This and more in today’s ETtech Top 5. ...Less

Happy Friday! Digital payments spiked during the festival of Diwali. This and more in today’s ETtech Morn ...More

Happy Friday! Digital payments spiked during the festival of Diwali. This and more in today’s ETtech Morning Dispatch. ...Less

Commerce Minister Piyush Goyal reiterated that e-commerce companies must comply with the nation's FDI reg ...More

Commerce Minister Piyush Goyal reiterated that e-commerce companies must comply with the nation's FDI regulations. Goyal's statement follows recent investigations into alleged violations by major e-commerce platforms. Current regulations permit 100% FDI in the marketplace model, prohibiting foreign investment in inventory-based models. ...Less

Recently Piyush Goyal had stated that some ecommerce firms were violating foreign direct investment norms ...More

Recently Piyush Goyal had stated that some ecommerce firms were violating foreign direct investment norms and follow unfair pricing. The Confederation of All India Traders (CAIT) too had claimed the violation of the same which hurt small businesses. ...Less

Maharashtra police filed a case against online platforms selling T-shirts glorifying gangsters. E-commerc ...More

Maharashtra police filed a case against online platforms selling T-shirts glorifying gangsters. E-commerce platforms like Flipkart, AliExpress, TeeShopper, and Etsy were found selling these T-shirts. The T-shirts featured images of gangsters Lawrence Bishnoi and Dawood Ibrahim. Police considered the T-shirts harmful as they promote criminal lifestyles. ...Less

This marks an impressive 33% increase from the previous fiscal year’s Rs 8,705 crore, according to regula ...More

This marks an impressive 33% increase from the previous fiscal year’s Rs 8,705 crore, according to regulatory filings by both companies. Experts attribute the surge in ad revenue for Amazon Seller Services and Flipkart Internet to increasing internet penetration and the growing trend of online shopping in India. ...Less

Homegrown e-commerce platform Flipkart on Thursday said video as a format is rapidly gaining adoption and ...More

Homegrown e-commerce platform Flipkart on Thursday said video as a format is rapidly gaining adoption and Indian customers have spent over 2 million hours on its video commerce offerings in the past one year. India is one of the top consumers of internet data, and with Indian consumers becoming increasingly tech-savvy and digitally inclined, video commerce in the country promises great potential. ...Less

Flipkart announced on Thursday that its video commerce platform has seen significant adoption, with India ...More

Flipkart announced on Thursday that its video commerce platform has seen significant adoption, with Indian customers spending over 2 million hours on it from June 2023 to May 2024. The increase in usage highlights the growing trend of video commerce in India, driven by tech-savvy and digitally inclined consumers. ...Less

The YouTube Shopping affiliate programme adds to existing monetisation options like ad revenue, YouTube p ...More

The YouTube Shopping affiliate programme adds to existing monetisation options like ad revenue, YouTube premium, channel memberships and fan-driven features to help creators earn revenue. YouTube's creator economy has generated Rs 16,000 crore of economic activity and created 7,50,000 jobs in India, chief executive Neal Mohan said in an interview with ET. ...Less

Senior officials from the Commerce and Industry Ministry, Walmart group firm Flipkart, and domestic toy m ...More

Senior officials from the Commerce and Industry Ministry, Walmart group firm Flipkart, and domestic toy makers will discuss ways to enhance India's position in the global toy supply chain and increase sourcing on the e-commerce platform. ...Less

Shares of Indian food and grocery delivery firm Swiggy debuted 7.7% higher in pre-open trade on Wednesday ...More

Shares of Indian food and grocery delivery firm Swiggy debuted 7.7% higher in pre-open trade on Wednesday, after institutional investors led its $1.4 billion initial public offering to be oversubscribed by more than three times last week. ...Less

The iPhone 15 Plus is now available on Flipkart with a significant price drop, reduced from its original ...More

The iPhone 15 Plus is now available on Flipkart with a significant price drop, reduced from its original Rs 79,900 to Rs 67,999—a Rs 11,901 discount. Additionally, HDFC Bank credit card holders can enjoy an extra Rs 3,500 off, bringing the effective price down to Rs 64,499. With its larger 6.7-inch display, extended battery life, powerful A16 Bionic chip, and advanced camera system, the iPhone 15 Plus now offers an attractive deal for those seeking high-end performance at a lower cost. ...Less

The Competition Commission of India (CCI) is scrutinizing e-commerce giants like Flipkart, Amazon, Swiggy ...More

The Competition Commission of India (CCI) is scrutinizing e-commerce giants like Flipkart, Amazon, Swiggy, and Zomato for potential competition law violations. While preliminary reports suggest violations, it's crucial to note that these are not final decisions. The CCI follows a thorough five-step process, ensuring a fair hearing and assessment before reaching a verdict. ...Less

Food and grocery delivery platform Swiggy has set the price band for its upcoming IPO. This and more in t ...More

Food and grocery delivery platform Swiggy has set the price band for its upcoming IPO. This and more in today's ETtech Top 5. ...Less

Swiggy and Zomato have maintained that they are in compliance with India’s competition laws. This and mor ...More

Swiggy and Zomato have maintained that they are in compliance with India’s competition laws. This and more in today’s ETtech Top 5. ...Less

Quick commerce is rapidly transforming India’s consumer economy by offering ultra-fast delivery times. Pl ...More

Quick commerce is rapidly transforming India’s consumer economy by offering ultra-fast delivery times. Platforms like Blinkit, Zepto, and Swiggy Instamart are thriving despite hidden societal costs and economic challenges. The demand for instant gratification, amplified by the pandemic, is putting pressure on traditional retailers and raising concerns about job quality and safety. ...Less

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stor ...More

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look. ...Less

The IPO consists of a fresh issue worth Rs 550 crore and an offer for sale (OFS) of up to 20.6 million eq ...More

The IPO consists of a fresh issue worth Rs 550 crore and an offer for sale (OFS) of up to 20.6 million equity shares. Investors can place bids for a minimum of 54 equity shares, with additional bids in multiples of 54 shares. ...Less

The chief executive of the quick commerce platform said the space is not small and the company is providi ...More

The chief executive of the quick commerce platform said the space is not small and the company is providing customers with a service they didn’t know they needed. ...Less

India's quick commerce boom is reshaping how Indians shop, with Swiggy leading the charge in the fast-pac ...More

India's quick commerce boom is reshaping how Indians shop, with Swiggy leading the charge in the fast-paced delivery game. The SoftBank-backed company's grocery warehouse in a middle-class suburb of Mumbai operates with precision, aiming to deliver orders within 10 minutes. Swiggy's bikers, clad in bright orange T-shirts, race against time to collect and deliver packed grocery orders, with the warehouse manager emphasizing the need for speed in the entire process. ...Less

After two rounds of layoffs in 2023, the ecommerce platform had 1,500 employees on its roll at the beginn ...More

After two rounds of layoffs in 2023, the ecommerce platform had 1,500 employees on its roll at the beginning of 2024, compared to the peak of 5,000. ...Less

Flipkart has apologized for a promotional video that referred to husbands in derogatory terms. The ad, wh ...More

Flipkart has apologized for a promotional video that referred to husbands in derogatory terms. The ad, which was part of the 'Big Billion Days Sale' campaign, was removed after backlash on social media. Flipkart acknowledged the mistake and assured that such errors would not be repeated in the future. ...Less

Happy Monday! Ecommerce platforms saw significant growth in festive sales this year. This and more in tod ...More

Happy Monday! Ecommerce platforms saw significant growth in festive sales this year. This and more in today’s ETtech Morning Dispatch. ...Less

Consumer demand for top luxury brands was a highlight of this season. “Demand for premium large appliance ...More

Consumer demand for top luxury brands was a highlight of this season. “Demand for premium large appliances grew by 30% over last year, while the fashion and beauty premium portfolio saw an over 400% spike vs business-as-usual (BAU) in categories like watches, fragrance, K-beauty, jewellery, handbags, sportswear, luggage, and kids-wear,” Amazon said in a statement. ...Less

India’s 377 million-strong Gen Z population is redefining consumer behavior, influencing 43% of household ...More

India’s 377 million-strong Gen Z population is redefining consumer behavior, influencing 43% of household consumption and pushing brands to adopt personalized, affordable strategies. Major e-commerce platforms are launching Gen Z-specific stores and platforms, upsurging festive sales to capture this tech-savvy, trend-driven demographic's spending power. ...Less

India's retail landscape is shifting as the rise of quick commerce and online platforms challenges tradit ...More

India's retail landscape is shifting as the rise of quick commerce and online platforms challenges traditional and modern trade, impacting giants like DMart. Despite improved earnings, DMart focuses on physical stores and value retailing over convenience, navigating a changing market with growing online competition. ...Less

Reliance Industries, led by Mukesh Ambani, plans to enter India's quick commerce sector, aiming to compet ...More

Reliance Industries, led by Mukesh Ambani, plans to enter India's quick commerce sector, aiming to compete with Blinkit, BigBasket, Instamart, and Zepto. Initially targeting 7-8 cities, JioMart aims to expand to over 1,000 cities. Unlike rivals, it will leverage Reliance Retail's network instead of dark stores. Goldman Sachs estimates the online grocery market at $11 billion, with quick commerce accounting for $5 billion, possibly affecting kirana store sales. ...Less