Yaantra, incorporated in 2013, repairs and sells refurbished consumer tech products such as smartphones and laptops.
Shopsy would now find itself in direct competition with the likes of Meesha and DealShare which enjoy quality reputation in the social commerce segment.
Shopee has grabbed 100,000 orders a day in India and has more than 1 million app installs on the Google Play Store. Industry sources said Amazon and Flipkart average 2-2.5 million orders per day.
While the deal size was not disclosed, Flipkart said it is foraying into the healthcare sector through the launch of Flipkart Health+.
Every two years, Myntra has seen high-profile exits. Will the frequent churn among the top leadership at Myntra help it grow?
Flipkart informed that the investment would further their strategic partnership with the Adani Group in the digital space. As part of the investment, Cleartrip would now serve as the Adani Group's online travel agency.
Retail sales in September were at 96 per cent of the corresponding month last year, as against 88 per cent in August 2021. Consumer survey by LocalCircles reveals that the percentage of households planning to spend during the festive season has doubled from 30 per cent in May to 60 per cent in September.
The user base of the B2B marketplace spiked by 30 per cent during the festive offers event. It added that transactions from Tier-II and Tier-III cities rose sizeable as several new shopping hotspots emerged.
The apex court has refused pleas by e-comm giants Amazon and Flipkart against CCI probe
They said the notice under various sections of the Foreign Exchange Management Act (FEMA) was issued to 10 people last month that includes Flipkart, its founders Sachin Bansal and Binny Bansal, among others.
Mihir Dalal is an editor with Mint, from where he has covered internet businesses for more than five years
The pandemic has led to millions of people turning to e-commerce in 2020, not only in metros but also in tier III regions and beyond, says Flipkart
E-commerce sales of Flipkart and Amazon indicate that online shoppers in India are determined to beat virus blues by retail therapy.
E-commerce companies are reaping massive profits through the ongoing festive season sales as buyers, stuck indoors because of the pandemic, have made a beeline for online shopping.
In a report submitted to the National Green Tribunal, the CPCB has said the show cause notice has been issued to these units for non-compliance of provisions of Plastic Waste Management (Amendment) Rules 2018.
There are two models, One is Trifo Max and the other is Max Pet. They will be available in India from September 30 at Flipkart and Amazon. Max is attractively priced at INR 32,900 given the features it offers, while Max Pet is priced at INR 36,900.
Flipkart Quick will provide consumers with an assortment of more than 2,000 products that can be delivered within 90 minutes.
Top Indian brands, local manufacturers and sellers have partnered with Flipkart Wholesale to ensure the availability of an exhaustive range of products and merchandise for kiranas and MSMEs.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
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