Hair care brand Arata raises $4 million in series A funding led by Unilever Ventures
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. Blinkit appoints former Flipkart executive Vipin Kapooria as CFO
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. Year in Review: 2024’s biggest executive moves in tech & startups
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. Top startup and tech stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look. SC to hear CCI plea seeking transfer of Amazon, Flipkart cases to apex court or Delhi HC
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. Gaining customers’ trust vital for ecommerce: Pralhad Joshi
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. Trailblazers of change: How these MSMEs are making a significant impact in their industries
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. Flipkart’s India IPO; Myntra FY24 turnaround
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. Reverse flip in cart, Flipkart plans IPO delivery in 12-15 months
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. Myntra bets on quick commerce; more CCPA queries for Ola
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. Startups, ecomm firms rush to hire engineering graduates
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. Qcomm expands; Black Friday sales grow
Happy Tuesday! Flipkart and Swiggy up the quick commerce ante. This and more in today’s ETtech Morning Dispatch. Flipkart sets sight on quick commerce ops expansion
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. Social media drives online shopping trend in India's tier-II, tier-III markets: Meta study
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. Zomato's B2B vertical Hyperpure introduces rapid delivery service
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. Ecomm’s catching up with qcomm; Foxconn’s Tamil Nadu facility
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. Ecommerce in competition with quick commerce
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. SC dismisses UP govt's appeal against Allahabad HC's Flipkart tax order
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. Quick commerce firms are dangling discounts for bulk buys, what’s behind the strategy?
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. Consumer commission pulls up Flipkart over complaint about quality of product
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. Flipkart Black Friday Sale 2024 starts today: Deals to watch out for
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. Myntra pilots foray into quick commerce with 'M-Now' in select locations of Bengaluru
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. Top startup and tech stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look. Binny Bansal exits PhonePe board; Blackbuck's mixed market debut
Binny Bansal has stepped down from PhonePe's board, following his earlier departure from Flipkart. This and more in today’s ETtech Top 5. After Flipkart, Binny Bansal steps down from PhonePe board
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. Flipkart appoints Walmart’s Dan Bartlett to board
Kalyan Krishnamurthy, CEO of Flipkart Group, said Bartlett has been closely associated with Flipkart since Walmart’s investment in 2018. Qcomm firms target gig fraud; common code for gaming
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. Ecommerce firms should respect law of land: Piyush Goyal
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. Ecommerce firms should respect law of land: Piyush Goyal
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. Flipkart’s Big Billion Days logs double-digit growth in topline, customer base: Walmart
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. CCI vs Meta; ED uncovers Amazon, Flipkart seller links
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. ED uncovers Amazon and Flipkart's direct links with sellers
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. Ecommerce giants Amazon, Flipkart record Rs 11,621 crore in combined ad revenue in FY24
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. ED shifts cursor to Amazon, Flipkart; Nithin Kamath interview
Happy Monday! The Enforcement Directorate (ED) has narrowed its probe’s focus on ecommerce firms. This and more in today’s ETtech Morning Dispatch. India's e-commerce battlefield gets ready for bloody wars
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. Blackbuck IPO sees 24% subscription on day 1
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. Fireside Ventures names former Flipkart executive Adarsh Menon as operating partner
“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. Swiggy's shares jump in trading debut after $1.4 billion IPO
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. Let's not now jump the CCI gun
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. Flipkart deployed over 10,000 electric vehicles in delivery fleet
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. Swiggy, Zomato on antitrust allegations; Amazon marketplace FY24 report
Swiggy and Zomato have maintained that they are in compliance with India’s competition laws. This and more in today’s ETtech Top 5. ED to summon Amazon, Flipkart executives as regulatory scrutiny grows
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. Top startup and tech stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look. Digital payments set Diwali record; ED raids Flipkart, Amazon sellers
Happy Friday! Digital payments spiked during the festival of Diwali. This and more in today’s ETtech Morning Dispatch. ED raids Amazon, Flipkart sellers; layoffs at Freshworks
The Enforcement Directorate has conducted search operations at the premises of Amazon and Flipkart sellers. This and more in today’s ETtech Top 5. ED raids offices of sellers using Amazon, Flipkart over foreign exchange violation allegations
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. India recalls Flipkart antitrust probe report after Xiaomi complaint
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. Udaan logs lower net loss, flat operating revenue in FY24
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. Ecommerce festive sales surge; Cred’s insurance play
Happy Monday! Ecommerce platforms saw significant growth in festive sales this year. This and more in today’s ETtech Morning Dispatch. Festive sales end with a bang, after Rs 1 lakh crore of clicks
Festive sales end with a bang, after Rs 1 lakh crore of clicksConsumer 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. Amazon India units post moderate growth, cut losses in FY24
Amazon India units post moderate growth, cut losses in FY24While Amazon’s India marketplace unit is yet to file its audited financials with the Registrar of Companies (RoC), earnings of the three arms indicate a slowdown in Amazon’s India business amid increasing competition from rivals like Flipkart and Meesho. Import relief for IT hardware; fraudsters use agent networks
Swiggy's IPO price band; Flipkart Internet’s FY24 report
Flipkart marketplace arm revenue grows 21% to Rs 17,907 crore, cuts loss by 41% in FY24
Flipkart marketplace arm revenue grows 21% to Rs 17,907 crore, cuts loss by 41% in FY24Walmart-owned Flipkart operates its India business through multiple entities, with Flipkart Internet being the entity responsible for running the marketplace. This entity earns revenue primarily through seller commissions, advertising income, and other fees for seller services. In FY24, Flipkart Internet generated nearly Rs 5,000 crore from advertising—a significant revenue source for large marketplaces in India. In FY23, Flipkart Internet’s advertising income was Rs 3,324.7 crore. How Bizongo is building a ‘golden triangle’ approach in B2B ecosystem
YouTube partners Flipkart, Myntra to launch Shopping Affiliate programme
YouTube partners Flipkart, Myntra to launch Shopping Affiliate programmeThe 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. Going desi in the global age: PhonePe's strategy to expand as an India-centric startup
Logistics firm Shadowfax eyes $50 million, doubling value to $700 million
Logistics firm Shadowfax eyes $50 million, doubling value to $700 millionShadowfax is finalising a Rs 350-400 crore funding round, likely to value the company at Rs 5,500-6,000 crore, with this round being its last private funding before an initial public offering (IPO), according to sources. In February, Shadowfax secured $100 million in funding, comprising primary and secondary investments led by TPG NewQuest, valuing the company at $350 million. Zomato’s QIP salvo before Swiggy IPO will further fuel quick commerce frenzy
Zomato’s QIP salvo before Swiggy IPO will further fuel quick commerce frenzyZomato's decision to raise additional funds via QIP, despite holding $1.5 billion in cash, has sparked intrigue in the quick commerce sector, with some viewing it as a strategic move to overshadow Swiggy's impending IPO. The slug of capital that will be needed to sustain growth in the high-burn quick commerce sector is resembling the trajectory of ecommerce a decade ago. Not concerned about new competitors entering quick commerce space: Albinder Dhindsa of Blinkit
Festive sales hit $6.5 billion in a week on ecommerce street: report
Festive sales hit $6.5 billion in a week on ecommerce street: reportIndustry insiders said online shoppers–including a large chunk from smaller towns and cities–have been buying products with higher average selling price (ASP) with many opting for EMI payments. Some brands said they are worried about supply issues because the demand is higher than what they expected. Online marketplaces see $6.5 billion in sales during festive week
Online marketplaces see $6.5 billion in sales during festive weekOnline 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. IT campus hiring revival; Bluestone’s financials
BlackBuck gets Sebi clearance for proposed IPO
BlackBuck gets Sebi clearance for proposed IPOBlackBuck’s cofounders and promoters Rajesh Yabaji, Chanakya Hridaya and Rama Subramaniam will sell 2.2 million shares, 1.1 million shares and 1.1 million shares, respectively. Accel, the largest shareholder in the firm with a 14% stake, will sell 4.3 million shares and 923,282 shares through its two units. Companies lag on worker rights: survey
Companies lag on worker rights: surveyA new study by Fairwork India has revealed that many major Indian companies are failing to provide fair working conditions for their laborers. Most companies struggled with issues like fair pay, fair contracts, and fair management. While some platforms like Bigbasket, Swiggy, Zomato, and Urban Company scored reasonably well, others like Ola, Porter, and Uber performed poorly, earning zero points across all categories. Apple iPhone 16 for Rs 27,000! Reddit user reveals how he got this insane deal with HDFC credit card
Karnataka HC grants interim stay on CCI proceedings against Flipkart, Amazon
Karnataka HC grants interim stay on CCI proceedings against Flipkart, AmazonThe 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. Delhi customs seize 26 iPhone 16 Pro Max worth Rs 40 lakh from woman passenger wrapped in tissue at IGI Airport
E-comm deep discounting creating grey mkt, leading to loss to national exchequer: CAIT, AIMRA
Man orders iPhone with COD option, kills delivery boy after receiving it
Man orders iPhone with COD option, kills delivery boy after receiving itA 30-year-old delivery man in Lucknow was allegedly killed by a customer and accomplice while delivering an iPhone worth Rs 1.5 lakh. The victim's body was disposed of in the Indira Canal. Police identified the suspects through call records and one confessed to the crime. Search for the body continues. Lucknow man orders iPhone on COD, kills delivery boy to evade payment
Lucknow man orders iPhone on COD, kills delivery boy to evade paymentA 30-year-old delivery man, Bharat Sahu, was allegedly killed by Gajanan and his accomplice when delivering an iPhone worth Rs 1.5 lakh. The suspects strangulated him, put his body in a sack, and dumped it in the Indira Canal. Police, aided by the SDRF, are searching for the body. Sale is live! ecommerce companies on track to hit 20-25% growth this season
Online sellers on Walmart's Flipkart sue India watchdog over antitrust probe
Flipkart sees multi-fold jump in customer purchases using credit instruments
Etailers ramp up employee wellness as festive sales heat up
Etailers ramp up employee wellness as festive sales heat upAs 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. Biggest online sales fail to boost demand in first two days; marketers eye Navratri rebound
Meesho's festive sale sees record orders on first day, 100% up on year
Did Flipkart sell the Apple iPhone 13 for just Rs 11 during the Big Billion Days sale? Here's everything about the controversy
Lion’s share of Swiggy’s IPO proceeds to bulk up Instamart dark store count
Electronic brands launch direct price war against Amazon and Flipkart ahead of e-commerce discounting season
Flipkart says sorry for an ad calling husbands 'aalsi, kambakkht, and bewakoof' during Big Billion Days sale
Flipkart influencing prices for select sellers, funding discounts, alleges Madras HC lawyer
Former Amazon seller Appario Retail sues CCI over antitrust probe
Former Amazon seller Appario Retail sues CCI over antitrust probeAntitrust investigations conducted by the Competition Commission of India (CCI) have found Amazon and Walmart's Flipkart, some of their sellers and smartphone brands, violated local competition laws by giving preference to select online sellers and prioritizing certain listings. Seema Nair joins Flipkart as CHRO
Seema Nair joins Flipkart as CHROFlipkart 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. Flipkart appoints Reliance Industries’ Seema Nair as HR head
Secrets leaked? Xiaomi asks India to recall antitrust report on it and Flipkart, sources say
Why is #FlipkartScam trending on social media ahead of Big Billion Day annual sale
Why is #FlipkartScam trending on social media ahead of Big Billion Day annual saleFlipkart is under scrutiny as customers accuse the platform of deceptive practices during its annual sale. Many users reported issues with orders, particularly for the Motorola G85 5G, which were cancelled without explanation. The hashtag #FlipkartScam is trending on social media, with users demanding accountability from the e-commerce giant. Online festive season sales set to touch $12 billion this year: report
Online festive season sales set to touch $12 billion this year: reportFestive season sales, in terms of gross merchandise value (GMV), will likely reach $12 billion this year, rising 23% from the previous year’s $9.7 billion, according to data from market research company Datum Intelligence. Quick commerce may account for $1 billion of these ecommerce sales. We are working towards meeting our target of all last-mile deliveries via EVs by 2030: Nishant Gupta, Flipkart
Former Cleartrip CEO taps VCs to roll out quick commerce venture
Former Cleartrip CEO taps VCs to roll out quick commerce ventureAyyappan R, the former chief executive of Flipkart-owned Cleartrip, is set to launch a new quick commerce retail venture, which is in talks with venture capital firm Accel and RTP Global for a sizable seed funding, according to people aware of the discussions. Earnings boost from AI, ML; public Wi-Fi scheme stalled
Flipkart's Big Billion Days, Amazon's annual festive sale to kick off from September 27
Flipkart's Big Billion Days, Amazon's annual festive sale to kick off from September 27Flipkart's flagship sale, The Big Billion Days, is an important event for the company, and brings in a substantial portion of the its annual sales, much like it does for its competitors and other businesses in general. This year, quick commerce platforms like Zepto-owned Blinkit, Instamart and Mumbai-based Zepto are also preparing for an action-packed Diwali. What are India's antitrust findings against Amazon, Flipkart?
What are India's antitrust findings against Amazon, Flipkart?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. India accuses Samsung, Xiaomi of colluding with Amazon, Flipkart
India accuses Samsung, Xiaomi of colluding with Amazon, FlipkartSamsung, 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. Final CCI order on Amazon & Flipkart likely by November
Final CCI order on Amazon & Flipkart likely by NovemberThe 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. India probe finds Amazon, Walmart's Flipkart breached antitrust laws
Quick commerce war expands into battle for leadership talent
Quick commerce war expands into battle for leadership talentPoaching is rampant and Rs 2-3 crore salaries plus millions in stocks are on offer for top talent as the likes of Swiggy Instamart, Zepto, Blinkit and Flipkart focus on beefing up their leadership teams in the face of intensifying competition, recruiters and industry folks said. Ecommerce companies set to run smartphone sales show this festival season
Ecommerce companies set to run smartphone sales show this festival seasonE-commerce giants like Amazon and Flipkart are expected to dominate the smartphone market this festive season with attractive discounts and deals. They aim to capture nearly three-fifths of the market, despite ongoing pricing disputes with brick-and-mortar stores. Offline retailers are urging government intervention against deep discounting practices. For Boat, q-com is third-largest sales channel, says cofounder Aman Gupta
For Boat, q-com is third-largest sales channel, says cofounder Aman GuptaBrands are growing much faster on q-com than on traditional ecommerce channels, says Gupta of the wearable and audio products firm. “People like us were born on marketplaces. Now, there are brands being built on quick commerce," Gupta said at the Razorpay D2C and Retail Summit held in New Delhi. Flipkart Fashion head set to join Angel One as CBO
Flipkart Fashion head set to join Angel One as CBOMohamad will be the replacement for Prateek Mehta, who was the chief business officer at Angel One till April 2024. Mehta, one of the cofounders at mutual fund distribution startup Scripbox has now assumed the role of a partner at South Park Commons, the Silicon Valley-based venture investor. 