Flipkart Mafia-backed quick commerce startup FirstClub eyes top 10% Indians, gets $8 mn funding boost
1 week, 4 days ago

Flipkart Mafia-backed quick commerce startup FirstClub eyes top 10% Indians, gets $8 mn funding boost

Live Mint  

Former Flipkart executives-run e-commerce omnichannel retailer FirstClub aims to tap into the top 10 per cent of India's population, people with annual household income above ₹15 lakh, amid the e-commerce industry boom, Moneycontrol reported on Thursday, December 12. The company's founder, Ayyappan R, told the news portal that the platform will be for people who do not mind paying more money for premium products if they are of the highest quality. “These are the users, who will be willing to become FirstClub members, who don’t mind paying a 20-30 per cent premium for products if they get fresh produce which are of the highest quality,” Ayyappan R said. FirstClub investors comprise the founder's former colleagues and angel investors, such as Flipkart co-founder Binny Bansal, Myntra co-founder Mukesh Bansal, Groww’s Lalit Keshre and Curefoods’ Ankit Nagori.

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History of this topic

FirstClub, a quick commerce startup targeting 10% of Indians, raises $8 million: Report
1 week, 4 days ago

FirstClub, a quick commerce startup targeting 10% of Indians, raises $8 million: Report

Hindustan Times  

A new variant of quick commerce is here in India, targeting the ones above a specific income group. Founded as a ‘members-only delivery startup’, FirstClub has raised $8 million in the latest round of funding, according to a MoneyControl report. Flipkart co-founder Binny Bansal, Myntra co-founder Mukesh Bansal, Groww’s Lalit Keshre and Curefoods’ Ankit Nagori, who are all former colleagues …

When will Flipkart be listed? ‘Looking at right time’, may enter quick commerce segment
7 months ago

When will Flipkart be listed? ‘Looking at right time’, may enter quick commerce segment

Hindustan Times  

Walmart's international president and CEO Kathryn McLay said that the US retailer is exploring the right time for its Flipkart business to go public. The firm's India unit has witnessed strong growth, Kathryn McLay said during the company's earnings call. They are on track to the growth trajectory that we had them on, and we are looking and exploring when …

Flipkart, Swiggy to cut jobs as part of restructuring
10 months, 3 weeks ago

Flipkart, Swiggy to cut jobs as part of restructuring

New Indian Express  

BENGALURU: Both Flipkart and Swiggy are reportedly letting go of 1,000 and 400 employees, respectively, as part of their restructuring exercise. Though mails to both the companies did not elicit any response, sources said Flipkart will let go of a few employees as part of its annual restructuring and that the number is not yet fixed. Flipkart had previously imposed …

Flipkart grocery business expands presence from 9 to 1,800+ towns in 1.5 years
2 years, 1 month ago

Flipkart grocery business expands presence from 9 to 1,800+ towns in 1.5 years

Hindustan Times  

One of the most important businesses for e-commerce giant Flipkart is its grocery business, which has grown from being a nine-city business to one with a presence across 1,800 towns over the past one and a half years. Over the last year and a half, the grocery wing of Flipkart has ramped up its facilities to about 23 fulfillment centers, …

Flipkart invites applications for start-up programme
2 years, 10 months ago

Flipkart invites applications for start-up programme

The Hindu  

E-commerce marketplace Flipkart has opened applications for the second cohort of its flagship start-up programme. While Flipkart Leap Ahead will provide equity-based investments to startups across sectors in the country, Flipkart Leap Innovation Network will enable companies in various stages of growth to enter into commercial partnerships with Flipkart’s technology teams. The release further said that FLA would identify startups …

'Flipkart Boost' Programme Launched To Help Digital-First Consumer Brands Grow
3 years, 3 months ago

'Flipkart Boost' Programme Launched To Help Digital-First Consumer Brands Grow

News 18  

Walmart-owned Flipkart on Tuesday launched ‘Flipkart Boost’, a new programme aimed at helping digital-first consumer brands to grow their business. Through a service fee model, Flipkart Boost will provide end-to-end support covering planning, advertising, cataloguing, logistics, quality control and mentoring to emerging ‘Made in India’ brands, a statement said. The Flipkart Boost programme will shortlist brands based on a set …

Flipkart’s B2B arm aims to triple reach by year-end
3 years, 4 months ago

Flipkart’s B2B arm aims to triple reach by year-end

Live Mint  

E-commerce major Flipkart group’s business-to-business marketplace Flipkart Wholesale said on Thursday it will triple its reach by July-December 2021, following which the marketplace will serve kirana stores in 2,700 cities across the country. The company said it will be grow its supplier base by 58% in 2021, having seen its kirana customer base rise 17% year-on-year during January-June 2021, it …

Flipkart adds grocery shops in Tamil Nadu, Kerala; creates over 1,000 jobs
3 years, 4 months ago

Flipkart adds grocery shops in Tamil Nadu, Kerala; creates over 1,000 jobs

Live Mint  

E-commerce marketplace Flipkart on Friday announced that it would be expanding it grocery services to Tamil Nadu and Kerala. Through a regional expansion-focused marketplace model, the new centre would serve more than 150 pincodes in the region, the company said As per a statement, customers in Coimbatore, Madurai, Tiruchirappalli, and Erode in Tamil Nadu and Ernakulam in Kerala would get …

Flipkart launches Shopsy app to help local entrepreneurs
3 years, 5 months ago

Flipkart launches Shopsy app to help local entrepreneurs

India TV News  

Flipkart on Thursday launched Shopsy app that will provide opportunities to enterprising Indians to start their own online business with no upfront investment. With Shopsy, Flipkart aims to enable over 25 million online entrepreneurs by 2023 "Now, anyone from anywhere can start their online business with zero investment. In addition, we are opening up Flipkart's years of e-commerce expertise for …

Flipkart Quick That Promises Doorstep Delivery in 90 Minutes Now Available in Six Indian Cities
3 years, 8 months ago

Flipkart Quick That Promises Doorstep Delivery in 90 Minutes Now Available in Six Indian Cities

News 18  

Flipkart has announced that its hyperlocal and super fast service, Flipkart Quick that promises delivery of products in just 90-minutes, is now available in Delhi, Gurugram, Ghaziabad, Noida, Hyderabad, and Pune. The hyperlocal delivery service was launched in Bengaluru in 2020 to widen the accessibility of products and enable quick delivery for consumers who order products from Flipkart hubs in …

Flipkart partially spins off PhonePe, Binny Bansal to join board of fintech co
4 years ago

Flipkart partially spins off PhonePe, Binny Bansal to join board of fintech co

India TV News  

E-commerce major Flipkart on Thursday announced a "partial spin-off" of PhonePe as the digital payment firm raises USD 700 million in funding, valuing it at USD 5.5 billion. In this financing round, PhonePe is raising USD 700 million in primary capital at a post-money valuation of USD 5.5 billion from existing Flipkart investors, led by Walmart, a statement said. Flipkart, …

Walmart, Flipkart invest $30 million in Ninjacart
4 years, 2 months ago

Walmart, Flipkart invest $30 million in Ninjacart

Live Mint  

US-based retailer Walmart Inc. and Flipkart Group have made an additional investment in Bengaluru-based fresh produce supply startup Ninjacart, the companies said in a joint statement on Monday. Kalyan Krishnamurthy, CEO, Flipkart Group said the e-grocery market has seen tremendous growth over the past several months as people have increasingly taken to ordering groceries and fresh produce online. “At the …

Flipkart Wholesale joins B2B battlefield
4 years, 3 months ago

Flipkart Wholesale joins B2B battlefield

Live Mint  

BENGALURU: Homegrown e-tailer Flipkart has launched its digital business-to business marketplace as e-commerce firms boost such operations, digitising kiranas and leveraging online sales to take advantage of India’s large consumer base. Ltd, which operates the Best Price cash-and-carry wholesale stores, digital marketplace Flipkart Wholesale will help the e-commerce firm grow its B2B vertical. “Flipkart Wholesale is built on the core …

Walmart's Flipkart Starts Wholesale E-commerce Service in India
4 years, 3 months ago

Walmart's Flipkart Starts Wholesale E-commerce Service in India

News 18  

India’s Flipkart launched an online wholesale service for mom-and-pop stores and other small businesses on Wednesday, as the Walmart-owned firm seeks to better compete with Amazon and other players in a battleground market for e-commerce. Flipkart, majority-owned by Walmart Inc, bought the U.S. retail giant’s wholesale business in India in July. Amazon.com Inc and other e-commerce players including online grocery …

Walmart's Flipkart to Offer 90-minute Delivery of Groceries and Home Accessories in India
4 years, 4 months ago

Walmart's Flipkart to Offer 90-minute Delivery of Groceries and Home Accessories in India

News 18  

India's Flipkart said on Tuesday it plans to offer 90-minute deliveries for groceries and home accessories, as the Walmart-owned online retailer goes head to head with Amazon.com Inc in a key growth market for e-commerce. Flipkart said its hyperlocal service, dubbed Flipkart Quick, will also sell mobile phones and stationery items, taking it a step further than Amazon's quick-delivery service …

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