Tag "Flipkart"

Flipkart embracing Microsoft Azure platform to enrich online shopping experiences

Taking one step ahead, Flipkart today announced that it will adopt Microsoft Azure as its exclusive public cloud platform to provide the best online shopping service to the users. Microsoft CEO Satya Nadella and Flipkart Group CEO Binny Bansal announced

Bumper smartphone sales help Flipkart edge past Amazon in Dec, Jan

By : CIOL Writers

Beating the expectations of many analysts, Flipkart made a turnaround defeating its arch-rival Amazon, during the Big Billion Day (BBD) sale in October. Continuing the same trend, Flipkart Internet Pvt. Ltd raked in gross sales of more than Rs 2,600

Flipkart pulls the plug on Ekart’s hyperlocal delivery to streamline business

By : CIOL Writers

Without being perturbed by the series of top-level exits, Flipkart’s new CEO Kalyan Krishnamurthy is leading several changes in the operations of the e-commerce player. With an aim to consolidate the business of its logistics and supply chain arm, Ekart

PayPal reportedly in talks with Flipkart-owned PhonePe for funding

By : CIOL Writers

Flipkart’s PhonePe is in talks with global online payments giant PayPal to raise capital independently at a $500 million valuation, according to a Times of India report. Citing people in the know of the things, the report said that PhonePe

Paytm’s payments bank gets $32.5mn in fresh funding

By : CIOL Writers

Digital payments platform, Paytm that is all set to launch its payments bank service in Uttar Pradesh, this month has got another Rs 218 crore (or $32.5 million) cash infusion from Paytm CEO Vijay Shekhar Sharma, investing a sum of

Amazon to foray into India’s online grocery segment

By : CIOL Writers

To further push India’s thriving online grocery selling domain, the global e-commerce giant, Amazon has applied for a wholly-owned food venture to the government of India that will allow the platform to stock locally produced food items and sell them

Alibaba to lead $200mn investment in Paytm’s e-commerce business

By : CIOL Writers

Paytm E-Commerce Pvt. Ltd is close to raising 200 million in an investment round led by Chinese internet giant Alibaba Group Holding Ltd, according to an Economic Times report. Citing two people in the know of the deal that will

Flipkart denies senior executives’ exit

By : CIOL Writers

Looks like, 2017 hasn’t changed things much for Flipkart as the India’s largest e-commerce retailer continues to witness executive exits at the top level. Earlier this month, Saikiran Krishnamurthy, Surojit Chatterjee and Samardeep Subandh put in their papers to leave

Mutual fund investor T Rowe Price cuts Flipkart valuation by 4pc to $9.9 bn

By : CIOL Writers

Two months after an aggressive 38 percent markdown in Flipkart’s valuation by Morgan Stanley, Mutual fund investor T Rowe Price has trimmed the valuation of India’s largest e-commerce company Flipkart marginally by another 4 percent to about $9.9 billion, reports

As Kalyan Krishnamurthy takes charge, 3 top Flipkart execs call it quits

By : CIOL Writers

Barely a day after Tiger Global’s Kalyan Krishnamurthy was appointed as the new CEO of India’s largest online marketplace, Flipkart, its three top-level executives reportedly have called it quits. Citing a company executive in the know of the things, Economic

Former Tiger Global exec Kalyan Krishnamurthy is the new CEO of Flipkart

In a rapid string of events Former Tiger Global executive Kalyan Krishnamurthy is the new Flipkart CEO. While, Binny Bansal, who took over chief executive exactly one year ago, now moves to the role of Group CEO. This being a

Myntra is reviving its 2-yr old Fashion Incubator to mentor 10 small brands

By : CIOL Writers

Flipkart owned online fashion portal, Myntra is reviving its two year old Fashion Incubator to provide technical and financial assistance to 10 small brands, according to Economic Times. Through this incubation program that mentored nearly dozen startups in 2014, Myntra,

2016: A year that saw quite a few dramatic exits

By : CIOL Writers

2016 was undoubtedly a year of many dramatic exits-Globally Brexit continues to be a reality that many Britons are yet to come to terms with. Back at home, Vijay Mallya’s hurried midnight exit from the country and Cyrus Mistry’s ouster

Flipkart teases OnePlus 3 for upcoming sale: A goof-up or well-planned strategy?

By : CIOL Writers

We don’t know if its goof-up or some well-planned strategy but there’s surely more than what meets the eye here. We all know that Amazon India is the exclusive partner to sell OnePlus smartphones in India. But this morning when

Flipkart could offer discounts on single-box delivery to reduce logistics cost

By : CIOL Writers

Logistics is the bread and butter of e-commerce companies, which also costs them the highest, eventually influencing the revenue. To tackle this problem, Walmart-owned Jet.com proposed a discount offer to encourage customers to order multiple products that can be shipped

Flipkart’s Sachin and Binny Bansal conferred ‘Asians of the Year’16’ award

By : CIOL Writers

Flipkart founders Sachin Bansal and Binny Bansal have been jointly named “Asian of the Year 2016” by the Singapore-based newspaper The Straits Times as part of a group called the “The Disruptors”. Every year the publication recognises people driving their

With valuations dipping, tougher road ahead for top Indian unicorns

By : CIOL Writers

A Morgan Stanley mutual fund has slashed the value of its Flipkart shares by 38 percent pulling the company to its lowest valuation till date- $5.54 billion. Notably, this is the fourth markdown by the mutual fund in the last

Peeyush Ranjan, former CTO, Flipkart calls it quits

By : CIOL Writers

Joining the ever expanding list of high profile exits from India’s biggest online retailer- Mukesh Bansal, Ankit Nagori, Amod Malviya, Sujeet Kumar, Paroma Chatterjee – Peeyush Ranjan, former CTO of Flipkart has put in his resignation papers and will leave

Flipkart to re-foray into grocery segment and revamp its furniture store

By : CIOL Writers

Unlike Brick and Mortar stores, online marketplace gives one more options for expanding product portfolios. Building on the factor and also to beat its arch-rival, Amazon, India’s biggest e-commerce company Flipkart is planning to move into the groceries space and

Acer launches world’s thinnest laptop- Swift 7 in India

By : CIOL Writers

A few months back, 16mm thick HP Spectre was launched that was touted to be the slimmest notebook in the market. But now it looks like, we have a new record breaker. Acer has launched a laptop which is thinner