Flipkart-owned Jabong narrows losses as revenues rise 19% in FY19

Shashank Didmishe

Flipkart-owned Jade Eservices, which owns online fashion apparel marketplace Jabong, has narrowed its losses for the financial ....

22 November, 2019

Swiggy to expand cloud kitchen operation; Paytm founder warns customers against spam calls, messages

Tanmay Tiwary

Online food delivery platform Swiggy is planning to invest Rs 75 crore to expand cloud kitchen operations. Swiggy to invest ....

21 November, 2019

PhonePe lines up for wider financial services play; Walmart takes a hit on Jabong merger

Payal Ganguly

Flipakrt owned PhonePe will soon launch financial services for its 55 million strong monthly active user base, even as the digital ....

15 November, 2019

Walmart-owned PhonePe widens FY19 losses; raises $57 mn via rights issue

Shashank Didmishe

Walmart-owned digital payments firm PhonePe reported a three-fold growth in revenues for the financial year 2018-19 but the gain ....

30 October, 2019

Walmart India FY19 revenue up 11%, loss doubles on investments

Shashank Didmishe

Walmart India, a subsidiary of US-based Walmart, has reported 11% year-on-year increase in net revenue for 2018-19 to Rs 4,061 ....

24 October, 2019

Half a dozen senior Ola executives quit; Delhi HC seeks govt response over VoIP breach

Tanmay Tiwary

Ride-hailing giant Ola sees several senior executives quit. Government likely to wait before placing the draft Personal Data Protection ....

22 October, 2019

Soaring valuations and Udaan’s bid to crack the B2B ecommerce code

Payal Ganguly

B2B ecommerce marketplace Udaan created a record last year when it crossed the $1 billion valuation mark, making it the quickest ....

14 October, 2019

Zomato paid hackers Rs 70 lakh to fix bugs; Walmart plans to demerge PhonePe: Report

Tanmay Tiwary

Zomato has paid hackers about Rs 70 lakh to find and fix bugs. Global retail major Walmart wants to demerge Flipkart’s digital ....

11 October, 2019

Flipkart continues to lead festive season sales with 63% market share: Redseer

Shashank Didmishe

Walmart-owned ecommerce giant Flipkart (including Myntra and Jabong) continued to maintain its leadership position in the Indian ....

9 October, 2019

Walmart deploys blockchain-driven pilot to trace seafood from Andhra Pradesh

Team TC

Arkansas, US-based retail giant Walmart will implement a blockchain-driven pilot project to trace shrimp sourced from Andhra Pradesh ....

7 October, 2019

Amazon extends ad platform to external brands, Flipkart gets cash infusion ahead of festive season

Vijayakumar Pitchiah

Ecommerce major Amazon has extended its digital ad-platform to external advertisers and brands. Amazon India’s consumer-facing ....

11 September, 2019

Walmart Foundation announces $4.8 mn grants to Digital Green, TechnoServe

Shweta Sharma

The Walmart Foundation has announced $4.8 million in grants to Digital Green, a development organisation, and TechnoServe, a non-profit ....

27 August, 2019

Targeting high-frequency grocery segment, Amazon launches Fresh service in India

Binu Paul

Amazon India has introduced its urban food-delivery service Amazon Fresh as it looks to leverage the enormous potential of the ....

22 August, 2019

Naspers-owned PayU may acquire PaySense; Walmart in talks with Tatas to expand India presence

Team TC

Naspers-owned payment solutions provider PayU, which acquired  US-based fintech firm Wibmo for $70 million in April, is now ....

21 August, 2019

Vinod Dham backs Orbo; Naspers may buy $100 mn stake in Dream11

Team TC

Intel’s Pentium chip developer and technology mentor Vinod Dham is backing Orbo. South Africa-based media giant Naspers ....

16 August, 2019

Naspers to lead fresh funding round in Swiggy; Cipla to back Medlife

Team TC

Online food delivery startup Swiggy is close to raising $750 million in a funding round led by Naspers. US retail behemoth Walmart ....

2 August, 2019

Flipkart launches first offline furniture experience centre in Bengaluru

Binu Paul

Walmart-backed ecommerce company Flipkart has launched a furniture experience centre FurniSure in Bengaluru, its first such facility ....

29 July, 2019

Walmart-Flipkart signs on Unilever executive Vikas Gupta as marketing chief

Tanmay Tiwary

Walmart-owned ecommerce marketplace Flipkart has appointed former Unilever executive Vikas Gupta as head of marketing. At Unilever, ....

22 July, 2019

eBay picks up 5.5% stake in Paytm Mall

Vijayakumar Pitchiah

US-headquartered ecommerce firm eBay Inc has picked up a 5.5% stake in ecommerce marketplace Paytm Mall for an undisclosed amount ....

18 July, 2019

Walmart Labs acqui-hires two more startups in India

Tanmay Tiwary

Walmart Labs, the product development arm of Bentonville, Arkansas-based retail giant Walmart Inc, has acqui-hired two India-based ....

10 July, 2019

Flipkart to replace 40% of delivery fleet with electric vehicles by early 2020

Binu Paul

E-commerce marketplace Flipkart will introduce electric vehicles for its last-mile deliveries, the Bangalore-based company said ....

27 June, 2019