Tag "Flipkart"

Padmini Pagadala, who became Flipkart’s CEO for a day

By : CIOL Writers

34-year old Padmini Pagadala who is associate director of designs at Flipkart replaced Kalyan Krishnamurthy as the CEO of the India’s largest e-commerce marketplace on Tuesday. Before you jump to any conclusions, the appointment was just for a day. As part

Redseer survey: Flipkart and Amazon are going neck-to-neck

By : CIOL Writers

Though Flipkart pocketed in a whopping investment from Tencent, eBay and Microsoft and is also displaying improved performance over the past six months, it is yet to defeat arch-rival Amazon India. According to a survey published by research firm RedSeer Management Consulting

Flipkart’s 10th anniversary special: Be the CEO for a day

By : CIOL Writers

India’s largest online retailer Flipkart is running a unique competition to enable an employee to become the CEO for a day. According to The Times of India report, the exercise is part of the company’s 10th-anniversary celebrations to familiarise employees with the challenges at

Ankit Nagori invests in online fashion discovery platform Wooplr

By : CIOL Writers

Former chief business officer at Flipkart and co-founder of healthcare start-up CureFit, Ankit Nagori has invested an undisclosed amount in the online fashion discovery platform Wooplr. With this investment, Ankit Nagori will join Wooplr’s board of directors. Ankit Nagori said,

Airtel beats RJio this time; launches Android powered ‘Airtel Internet TV’

By : CIOL Writers

Though, Reliance Jio is widely rumoured to roll out its own DTH services soon, along with a smart set-top-box, looks like Bharti Airtel has beaten Ambani’s company this time at least. Airtel has launched an Android-based set-top-box, which can essentially convert any standard

Flipkart and Micromax partner to co-design mid-range smartphones

By : CIOL Writers

After grabbing the much-needed investment of $1.4 billion from Microsoft, Tencent, eBay, Flipkart has now partnered with Micromax to develop and market smartphones for the mid-range of Rs 6,000-12,000. The smartphone lineup named ‘Evok’, is expected to be launched next

Flipkart acquires eBay India biz; raises a whopping $1.4bn from Tencent, eBay & Microsoft

Marking the biggest investment till date in the Indian Internet sector, Flipkart has raised a whopping $1.4bn from Tencent, eBay and Microsoft in its latest and 11th funding round. As per a company statement the latest investment was done at a post-transaction valuation of $11.6bn.

Flipkart is eyeing grocery segment once again

By : CIOL Writers

Keeping a close eye on its arch-rival Amazon’s moves, Flipkart too is set to re-enter Indian grocery segment once again. “Yes we will get into grocery… 80 percent of units bought in India is grocery… the grocery market is 400-600

SoftBank to sell Freecharge at 50pc discount for $200mn: Report

By : CIOL Writers

SoftBank-backed digital wallet Freecharge could soon be sold for as low as $150-200 million, reports Economic Times. This value is merely 50 percent of what FreeCharge is worth. Reportedly, Alibaba-owned Paytm is one of the frontrunners to buy the mobile wallet platform owned

Flipkart reportedly to raise up to $1.5bn in new funding round

By : CIOL Writers

After a tough season marked by devaluations, cash crunch and executive exits, Flipkart is finally making news for all the right reasons. India’s largest e-commerce marketplace is all geared up to get between $1.2 billion and $1.5 billion in fresh

SoftBank initiates truce between Snapdeal’s investors paving way for sale to Flipkart

By : CIOL Writers

Looks like Snapdeal may finally find a shore for itself soon as its three biggest investors—SoftBank Group Corp., Kalaari Capital and Nexus Venture Partners have decided to bury the hatchet, making way for a proposed sale of the e-tailer to one of its

Flipkart’s 10th Anniversary celebrations: More sale events & private label push

By : CIOL Writers

While Flipkart surely has a lot to cheer in the wake of its ongoing funding round, the e-commerce giant is also gearing up for its 10th-anniversary celebrations. The startup is planning some big sale days in the coming months and bigger private

Flipkart reportedly to acquire eBay India

By : CIOL Writers

India’s startup poster boy Flipkart is planning to acquire eBay India’s operations as part of its latest funding round of $2billion, according to a Factordaily report. Earlier this week, Bloomberg reported that Flipkart had raised $1 billion and further aimed to

Snapdeal reportedly in talks with Flipkart, Paytm for potential sale

By : CIOL Writers

Online marketplace Snapdeal is reportedly in talks with rivals Flipkart and Paytm E-Commerce Pvt Ltd for a potential sale, according to a Livemint report. Japan’s Softbank Group, an investor in Snapdeal, is leading the sale talks, and the deal could

Flipkart reportedly raises $1bn from Microsoft, eBay and Tencent Holdings

By : CIOL Writers

After a short lull, Indian e-commerce giant, Flipkart once again looks all geared up with a beefed up war chest to take on its rivals. Amidst ever increasing competition and several fundraising speculations, the startup has reportedly raised $1 billion

Flipkart likely to raise $1.5bn from Tencent and eBay

By : CIOL Writers

Finally, Flipkart seems to be ending its fund-drought phase, which has been going on since last year. Flipkart is reportedly in talks to raise $1.5 billion from Chinese Internet giant Tencent and eBay. According to the Economic Times report, US-based

Myntra exploring offline channel in search of profitability

By : CIOL Writers

Online fashion and lifestyle e-tailer, Myntra has launched its first offline retail store in Bangalore to promote the sales its top selling private label, Roadster. According to Myntra, Roadster which was launched in 2012, currently contributes 8 per cent of

Flipkart working with Facebook to make its mobile app, website lighter

By : CIOL Writers

After partnering Microsoft to adopt Azure as its exclusive cloud services, Flipkart reportedly is now partnering with Facebook to provide better mobile app and website experience on budget phones and low connectivity scenarios. In a bid to make its app

Flipkart reduces commission charges to boost sales

By : CIOL Writers

Amid its struggle to lead over arch-rival Amazon India, Flipkart has revised policies for merchants who sell on its platform. Starting from March 15, Flipkart will cut commission fees for the 100,000-plus sellers and also other charges affecting the end-users.

Paytm’s online marketplace grabs $200mn from Alibaba and SAIF Partners

By : CIOL Writers

Chinese e-commerce giant Alibaba is leading a $200 million investment in Paytm E-commerce Private Limited along with another existing backer SAIF Partners. While Alibaba Singapore E-Commerce Pvt. Ltd will invest $177 million in Paytm’s online marketplace unit, rest will come from SAIF Partners, an early investor