Amazon Considering India IPO, Looking To Spin Off Domestic Operations: Report
1 week, 2 days ago

Amazon Considering India IPO, Looking To Spin Off Domestic Operations: Report

ABP News  

E-commerce giant, Amazon, is looking into the possibility of spinning off its Indian operations and listing them locally, media reports said. To assess its options, Amazon, which also holds the second-largest market share in India after Flipkart, reportedly engaged with multiple Indian investment banks while also consulting JP Morgan, its primary banker on Wall Street. While an immediate shift to an inventory model remains unlikely for Amazon, spinning off its Indian arm and listing it locally could increase its domestic shareholder base. The company also lagged in the quick commerce sector, launching its pilot services in India at a time when competitors such as Swiggy Instamart, Blinkit, and Zepto had already secured significant market presence. Meanwhile, Flipkart, Amazon’s key competitor in India, has also initiated discussions with bankers regarding a potential listing in the country within the next 12 to 15 months.

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History of this topic

Flipkart IPO likely in 12-15 months, plans to shift domicile to India ahead of listing, says report
Top News
3 months, 2 weeks ago

Flipkart IPO likely in 12-15 months, plans to shift domicile to India ahead of listing, says report

Live Mint  

Online retailer Flipkart plans to publicly list within 12-15 months time, according to an Economic Times report citing multiple sources. The report added that plans for the IPO have been under discussion since 2021 but were put on hold due to “adverse market conditions” in FY23. Industry Overview One source highlighted global listing successes such as Coupang in South Korea, …

Flipkart to shift base from Singapore to India as it prepares to public, IPO in next 12-15 months
3 months, 2 weeks ago

Flipkart to shift base from Singapore to India as it prepares to public, IPO in next 12-15 months

Firstpost  

In a strategic move to align with local regulations and prepare for a listing on India’s stock exchange, Flipkart will be shifting its base from Singapore to India Walmart, which bought a majority stake in Flipkart for $16 billion in 2018, has been planning and preparing for its IPO strategy for quite some time now. Image Credit: Reuters Flipkart, India’s …

Flipkart sets sights on IPO launch within 12-15 months: Report
Trending News
3 months, 2 weeks ago

Flipkart sets sights on IPO launch within 12-15 months: Report

India Today  

Flipkart which is valued at $36 billion, is preparing to launch its initial public offering within the next 12-15 months, reported The Economic Times. The US retail giant has consistently expressed confidence in Flipkart’s growth potential, with executives highlighting strong performance in flagship events like the Big Billion Days sale. But now there's strong growth both in Flipkart and in …

ED likely to summon top Amazon, Flipkart executives over FDI rule violations
4 months, 1 week ago

ED likely to summon top Amazon, Flipkart executives over FDI rule violations

India Today  

Top executives of e-commerce giants Amazon and Flipkart are under the scanner of the Enforcement Directorate over alleged violations of foreign investment regulations, sources have told India Today. The development follows extensive searches conducted by the ED at over 19 locations associated with vendors of Amazon and Flipkart across Delhi, Bengaluru, Mumbai, Hyderabad, and Panchkula. The ED's investigation stems from …

ED to question Amazon, Flipkart officials over alleged foreign investment law violations: Report
4 months, 2 weeks ago

ED to question Amazon, Flipkart officials over alleged foreign investment law violations: Report

Live Mint  

The Enforcement Directorate of India will question Amazon and Flipkart officials as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce firms' sellers, Reuters reported on Monday, November 11, citing a senior government source. The latest raids were triggered by Amazon and Flipkart's antitrust investigation findings, which said the platforms “had …

Flipkart, Amazon under scrutiny for foreign investment violations: Report
Trending News
4 months, 2 weeks ago

Flipkart, Amazon under scrutiny for foreign investment violations: Report

India Today  

The government is planning to summon executives from Flipkart and Amazon as part of a deeper investigation into possible violations of foreign investment rules, reported news agency Reuters. The action highlights the rising regulatory scrutiny faced by Walmart-owned Flipkart and Amazon, both of which are experiencing rapid growth in India’s Rs 70 billion e-commerce market. Following last week’s raids on …

ED raids offices of Flipkart and Amazon sellers across India due to alleged violations of foreign investment rules
4 months, 2 weeks ago

ED raids offices of Flipkart and Amazon sellers across India due to alleged violations of foreign investment rules

India Today  

India’s financial crime agency, the Enforcement Directorate, has conducted raids on sellers associated with Amazon and Walmart-owned Flipkart, targeting alleged violations of the country's foreign investment rules. This latest probe follows findings from India’s antitrust body, which concluded that both Amazon and Flipkart, along with some of their sellers, violated competition laws by favouring specific sellers. This investigation marks yet …

Walmart’s Flipkart says Indian probe shouldn’t treat it the same as Amazon
3 years, 8 months ago

Walmart’s Flipkart says Indian probe shouldn’t treat it the same as Amazon

Live Mint  

NEW DELHI: Walmart's Flipkart should not be treated the same as rival Amazon in an Indian antitrust probe as the evidence against the two firms was "qualitatively different", Flipkart argued in a court filing seen by Reuters. Both Amazon and Flipkart have challenged the Competition Commission of India in court as they seek revocation of an Indian court's June decision …

India to expedite Amazon, Flipkart antitrust probe as tech focus intensifies: Report
3 years, 9 months ago

India to expedite Amazon, Flipkart antitrust probe as tech focus intensifies: Report

Hindustan Times  

India's antitrust watchdog plans to expedite a restarted probe into allegations of anti-competitive behaviour at Amazon.com Inc and Walmart Inc's Flipkart, as it intensifies scrutiny of big-tech firms, two people close to the matter said. The probe into Amazon and Flipkart is restarting at a time when both are battling accusations from offline retailers that their complex business structures allow …

Flipkart IPO: Walmart says ready for e-commerce giant's IPO but no specific timeline yet
3 years, 9 months ago

Flipkart IPO: Walmart says ready for e-commerce giant's IPO but no specific timeline yet

India TV News  

US retail giant Walmart has said it is "open to an IPO" for its Indian e-commerce arm Flipkart but there is "no specific timeline" for the share sale. Both Flipkart and payment app PhonePe continue to do well, Walmart International President and CEO Judith McKenna said while speaking at the DB Access Global Consumer Conference on June 7. "But if …

Flipkart Likely to Opt for Traditional US IPO Between October-December This Year: Report
3 years, 11 months ago

Flipkart Likely to Opt for Traditional US IPO Between October-December This Year: Report

News 18  

Flipkart, owned by Walmart, is likely to go for an IPO between October and December this year. According to an exclusive report by Bloomberg, Walmart has set up an internal IPO team for Flipkart and is leaning toward a traditional debut in the United States The report further states that the startup’s valuation could top USD 35 billion as it …

Hearing of Flipkart, Amazon case resumes
4 years, 2 months ago

Hearing of Flipkart, Amazon case resumes

Live Mint  

Karnataka high court on Monday said it will begin daily hearing of the case between the Competition Commission of India and India’s two biggest online retailers Flipkart and Amazon on Wednesday, two people aware of the development said. CCI had approached the high court in December to vacate a stay issued by the court in February 2020 on a probe …

Central Govt Issues Notice to Amazon & Flipkart for Not Displaying Country of Origin Amid Sale Season
4 years, 5 months ago

Central Govt Issues Notice to Amazon & Flipkart for Not Displaying Country of Origin Amid Sale Season

News 18  

The Central government has issued notices to Amazon and Flipkart for not displaying the country of origin of the products sold on their websites amid the platforms’ ongoing annual sales event in India. “It has come to the notice of the Department of Consumer Affairs that some of the e-commerce entities are not displaying the mandatory declaration as required under …

Amazon India demands product listings have country of origin by Aug 10
4 years, 8 months ago

Amazon India demands product listings have country of origin by Aug 10

Live Mint  

Amazon.com Inc's India unit has told sellers they must provide country of origin information on product listings by August 10, according to an email sent by the e-commerce giant to sellers, against a backdrop of brewing anti-China sentiment. The trade ministry has called for e-commerce sites to name the country of origin beside product listings as Prime Minister Narendra Modi …

Flipkart shuts down and Amazon limits orders in India under coronavirus lockdown
5 years ago

Flipkart shuts down and Amazon limits orders in India under coronavirus lockdown

CNN  

Hong Kong CNN Business — India’s biggest online retailers have sharply reduced their service after the government ordered a three-week lockdown on residents across the country in response to the coronavirus pandemic. It said in a blog post that it would “temporarily stop taking orders” for some items as workers focus on filling orders for “critical” goods, such as household …

Amazon not doing India a favour by investing $1 billion: Piyush Goyal
5 years, 2 months ago

Amazon not doing India a favour by investing $1 billion: Piyush Goyal

India TV News  

Union Commerce and Industry Minister said on Thursday that global e-commerce giant Amazon wasn’t doing India a favour by investing $1 billion in the country’s market. Bezos not to meet PM Modi, Piyush Goyal Amazon founder and CEO Jeff Bezos who is currently in India on a three-day visit was earlier slated to meet Prime Minister Narendra Modi. The Amazon …

Antitrust probe ordered against Amazon, Flipkart
5 years, 2 months ago

Antitrust probe ordered against Amazon, Flipkart

The Hindu  

India’s antitrust body on Monday ordered an investigation into alleged competition law violations by Amazon.com Inc. and Walmart’s Flipkart, the latest setback for U.S.-based e-commerce giants operating in the country. The Competition Commission of India said it was ordering a wider probe following a review of allegations that Amazon and Flipkart were promoting some “preferred sellers” and in turn impacting …

India orders antitrust probe of Amazon, Walmart’s Flipkart
5 years, 2 months ago

India orders antitrust probe of Amazon, Walmart’s Flipkart

Al Jazeera  

India ordered an investigation of Amazon.com Inc and Walmart’s Flipkart on Monday over alleged violations of competition law in the latest setback for United States e-commerce giants operating in the country. The Competition Commission of India said it was ordering a wider probe following a review of allegations that Amazon and Flipkart were promoting some “preferred sellers” and, in turn, …

Amazon doing extremely well in India: Jeff Bezos
5 years, 4 months ago

Amazon doing extremely well in India: Jeff Bezos

Live Mint  

E-commerce giant Amazon is doing "extremely well" in India, its founder and CEO Jeff Bezos has said while expressing hope for regulatory stability in the country. Responding to another question, the Amazon head said he "definitely" wants to go to space, asserting that he is having a great deal of fun doing everything that he does. The US-based Amazon is …

Amazon pumps more than $600m into India units
5 years, 4 months ago

Amazon pumps more than $600m into India units

Al Jazeera  

Amazon founder Jeff Bezos has committed to spending more than $5bn in the Indian market. Founder Jeff Bezos has committed to spending more than $5bn for the Indian market, where Amazon is locked in a battle with Walmart Inc-owned Flipkart. While both companies have rapidly expanded into various categories such as food retail and payments, Amazon also offers its Prime …

Amazon pumps more than $600m into India units
5 years, 4 months ago

Amazon pumps more than $600m into India units

Al Jazeera  

Amazon founder Jeff Bezos has committed to spending more than $5bn in the Indian market. Founder Jeff Bezos has committed to spending more than $5bn for the Indian market, where Amazon is locked in a battle with Walmart Inc-owned Flipkart. While both companies have rapidly expanded into various categories such as food retail and payments, Amazon also offers its Prime …

Amazon, Flipkart find success in rural India during sales season
5 years, 5 months ago

Amazon, Flipkart find success in rural India during sales season

Live Mint  

Amazon.com Inc. and rival Walmart Inc. reported record revenue for their six-day India sales festivals as e-commerce catches on with buyers and sellers in smaller Indian towns, moving beyond the country’s urban, English-speaking population. The American competitors have been dueling in India since Walmart cut a $16 billion deal for control of local pioneer Flipkart Online Services Pvt last year. …

IPO long-term strategy, currently focused on driving e-commerce growth: Flipkart
5 years, 9 months ago

IPO long-term strategy, currently focused on driving e-commerce growth: Flipkart

Live Mint  

An initial public offering is part of Flipkart's ambition and long-term strategy, but the Walmart-owned company is currently focussed on getting 200-300 million new Indians into the e-commerce fold. The statement comes amid reports that Flipkart, which is locked in an intense battle with US giant Amazon for leadership in the Indian market, is looking at tapping into the US …

Amazon to sharpen focus on India after running into China wall
5 years, 11 months ago

Amazon to sharpen focus on India after running into China wall

Live Mint  

Bengaluru: Amazon.com Inc.’s retreat from China will allow the e-commerce giant to free up resources to sharpen its focus on India, its largest market outside of the US. Amazon’s decision to shut its Chinese marketplace business after struggling to compete with local rivals such as Alibaba Group Holding Ltd and JD.com also underscores the growing importance of India, which has …

Amazon changes business structure in India after new e-commerce rules: Report
6 years, 1 month ago

Amazon changes business structure in India after new e-commerce rules: Report

Hindustan Times  

One of the biggest sellers on Amazon.com Inc’s India website has returned after the online retail giant changed its business structures to comply with new federal e-commerce curbs that took effect last week, two sources told Reuters. REUTERS/Pascal Rossignol/File Photo India’s modified foreign direct investment rules that kicked in on February 1, prevent companies such as Amazon from selling products …

Amazon grocery service slowly returns in India after e-commerce disruption
6 years, 1 month ago

Amazon grocery service slowly returns in India after e-commerce disruption

Live Mint  

Amazon.com Inc's grocery service is slowly returning on its India website after the online retail giant faced disruption from revised e-commerce curbs which kicked in on February 1. New federal rules, which bar companies from selling products via vendors in which they have an equity interest, forced Amazon India to remove hundreds of thousands of products from its site last …

Flipkart invests $201 million in Indian wholesale unit
6 years, 2 months ago

Flipkart invests $201 million in Indian wholesale unit

Live Mint  

Bengaluru: Flipkart’s Singapore-incorporated parent has infused ₹ 1,431 crore into its wholesale entity in India amid an intensifying and costly battle for market share with Amazon.com Inc. The fresh outlay by Flipkart comes as the Walmart-owned company seeks to fight off the challenge from Amazon to keep its leadership of India’s growing $18 billion online retail market, and a regulatory …

Flipkart expects big boost in sales this season, says Amazon is losing relevance
6 years, 5 months ago

Flipkart expects big boost in sales this season, says Amazon is losing relevance

Firstpost  

Flipkart and Amazon both began their flagship annual sales in India on 10 October. Indian online retailer Flipkart, owned by Walmart Inc, expects bumper sales during the annual festive season that just kicked off, as it boasts that US rival Amazon Inc is losing relevance in India. Flipkart and Amazon both began their flagship annual sales in India on Wednesday, …

Flipkart acquires Israel-based start-up Upstream Commerce
6 years, 6 months ago

Flipkart acquires Israel-based start-up Upstream Commerce

Live Mint  

Bengaluru: Flipkart has acquired an Israel-based analytics start-up called Upstream Commerce, as India’s largest online retailer looks to support its massive seller base with services such as real-time pricing and information on product assortment. The team at Upstream Commerce is highly talented and as we welcome them to Flipkart we are also looking forward to making Israel one of our …

Flipkart a bargain buy for Walmart, says Binny Bansal
6 years, 6 months ago

Flipkart a bargain buy for Walmart, says Binny Bansal

Live Mint  

Bengaluru: Months after Walmart forked out $16 billion to buy 77% of Flipkart, the Indian e-commerce firm’s group chief executive Binny Bansal said the world’s largest retailer had made a bargain buy. In an interview with San Francisco-based news website Recode on Tuesday, Bansal refuted a claim made earlier that Walmart overpaid for Flipkart and insisted that the US-based retail …

Flipkart shuts eBay India operations, says will soon launch a new shopping experience
6 years, 7 months ago

Flipkart shuts eBay India operations, says will soon launch a new shopping experience

Firstpost  

Founded in 1995, eBay forayed into the Indian market in 2004. Bengaluru: Leading e-tailer Flipkart on Tuesday shut its eBay India operations, three months after US retail giant Walmart bought a 77 percent stake in it for $16 billion. But not to worry, Flipkart will introduce a brand-new shopping experience soon.” While eBay has closed its India website for taking …

Amazon invests another ₹2,700 crore in India business
6 years, 7 months ago

Amazon invests another ₹2,700 crore in India business

Live Mint  

Bengaluru: Amazon, the world’s largest online retailer, has invested an additional ₹ 2,700 crore in its Indian unit, bringing its total investment in India to roughly $4 billion in the five years that it has operated in the country, even as it continues to battle local rival and market leader Flipkart. On 22 May, Mint reported that Flipkart is likely …

If Flipkart losses haven’t alarmed Walmart, Amazon India’s should
6 years, 9 months ago

If Flipkart losses haven’t alarmed Walmart, Amazon India’s should

Live Mint  

If Walmart Inc. is perturbed by Flipkart Ltd’s high losses, it hasn’t shown any signs of it yet. Coming back to Flipkart and Amazon India’s financials, making a like-to-like comparison is a difficult task. But for what it’s worth, Amazon India reported business promotion and advertising expenses of ₹ 1,960 crore in FY17, against Flipkart’s spend of ₹ 1,188 crore …

Progress in Amazon India’s business is energising, says Jeff Bezos
6 years, 9 months ago

Progress in Amazon India’s business is energising, says Jeff Bezos

Live Mint  

New Delhi: Amazon.com Inc. founder and chief executive Jeff Bezos on Wednesday said the progress seen in the e-commerce firm’s India business within five years of operations is “energising”. In a letter to customers on Amazon.in’s home page, Bezos said the company had launched its services on 5 June 2013 “with a vision to transform the way India buys and …

It’s a deal: Walmart buys 77% stake in Flipkart for $16 billion
6 years, 10 months ago

It’s a deal: Walmart buys 77% stake in Flipkart for $16 billion

Hindustan Times  

Walmart Inc. agreed to buy a controlling stake in India’s biggest online retailer, striking a blow against rival Amazon.com Inc. as the battle for e-commerce supremacy goes global. This photo taken on May 8, 2018 shows the logo of e-commerce company Flipkart at its headquarters in Bangalore The world’s largest retailer will acquire a 77% holding in Flipkart Group for …

Walmart buys Flipkart for $16 billion, shifts battle with Amazon to India
6 years, 10 months ago

Walmart buys Flipkart for $16 billion, shifts battle with Amazon to India

Live Mint  

Delhi/Bengaluru: Walmart Inc. has agreed to pay $16 billion for a 77% stake in Flipkart, valuing India’s largest start-up at about $21 billion in what is one of the biggest acquisitions in the country. Walmart will invest $2 billion directly into Flipkart and buy the rest of its stake from existing Flipkart investors including SoftBank Group, Accel Partners, Naspers and …

Amazon strengthens war chest against domestic rival Flipkart with fresh capital of Rs 2,600 cr
6 years, 10 months ago

Amazon strengthens war chest against domestic rival Flipkart with fresh capital of Rs 2,600 cr

Firstpost  

The fresh funds will provide more arsenal to Amazon.in, which has been aggressively investing in expanding infrastructure and adding solutions to enhance consumer and seller experience. New Delhi: US e-tail giant Amazon has infused fresh capital to the tune of Rs 2,600 crore into its India unit, Amazon Seller Services, to strengthen the war-chest of the company against domestic rival …

Amazon pumps Rs2,600 crore in India unit amid trade war with Flipkart
6 years, 10 months ago

Amazon pumps Rs2,600 crore in India unit amid trade war with Flipkart

Live Mint  

New Delhi: US e-tail giant Amazon has infused fresh capital to the tune of Rs2,600 crore into its India unit, Amazon Seller Services, to strengthen the war-chest of the company against domestic rival Flipkart. According to filings to corporate affairs ministry, Amazon Corporate Holdings and Amazon.com.incs has made the Rs2,600 crore investment in the Indian marketplace unit. When contacted, Amazon …

Walmart-Flipkart deal: Amazon jumps into fray with formal offer to buy 60% of Flipkart
6 years, 10 months ago

Walmart-Flipkart deal: Amazon jumps into fray with formal offer to buy 60% of Flipkart

Firstpost  

Amazon’s offer could kickstart a new battle between it and Walmart, already fierce retail rivals in the United States. Bengaluru/Mumbai: Amazon.com Inc has made a formal offer to buy 60 percent of Flipkart, CNBC-TV18 reported on Wednesday, potentially complicating Walmart Inc’s bid for majority ownership of the Indian online retailer. Reuters reported last month that Walmart was close to buying …

Amazon offers to buy 60% stake in Flipkart: report
6 years, 10 months ago

Amazon offers to buy 60% stake in Flipkart: report

Live Mint  

Amazon.com Inc. has made a formal offer to buy a 60% stake in Indian online retailer Flipkart, CNBC-TV18 reported on Wednesday, citing sources. Flipkart’s investors and founders are in favor of the deal with Walmart, with founder Sachin Bansal overseeing final negotiations with Walmart, CNBC-TV18 said. Amazon is Reuters in April reported that Walmart was likely to reach a deal …

Amazon India’s most visited website, fastest growing marketplace, says Jeff Bezos
6 years, 11 months ago

Amazon India’s most visited website, fastest growing marketplace, says Jeff Bezos

Hindustan Times  

Amazon.in is the most visited website in India on both desktop and mobile platforms, Amazon Inc. chief executive officer Jeff Bezos announced to his shareholders on Thursday. In a letter to Amazon shareholders, Bezos said the e-commerce giant is India’s fastest growing marketplace. The letter said that its Prime service added a record number of subscribers in 2016, its first …

Walmart could seal Flipkart deal by end June to mark US retail giant’s biggest acquisition of an online business
6 years, 11 months ago

Walmart could seal Flipkart deal by end June to mark US retail giant’s biggest acquisition of an online business

Firstpost  

Walmart Inc is likely to reach a deal to buy a majority stake in Indian e-commerce player Flipkart by the end of June in what could be the US retail giant’s biggest acquisition of an online business Hog Kong/ Mumbai: Walmart Inc is likely to reach a deal to buy a majority stake in Indian e-commerce player Flipkart by the …

Amazon may offer to buy Flipkart to rival Walmart's bid: Reports
6 years, 11 months ago

Amazon may offer to buy Flipkart to rival Walmart's bid: Reports

India TV News  

Amazon.com Inc may bring up a rival offer to buy India’s largest e-commerce firm Flipkart, which is already said to be in tie-up talks with Walmart Inc, according to media reports. However, the reports further suggested that possibilities of a deal with Amazon were low, as Flipkart is already in advanced talks with Walmart. Also, any such deal could lead …

Amazon may counter Walmart's bid for Flipkart; race to dominate Indian e-commerce market intensifies
6 years, 11 months ago

Amazon may counter Walmart's bid for Flipkart; race to dominate Indian e-commerce market intensifies

Firstpost  

Amazon.com Inc may make a rival offer to buy Indian e-commerce firm Flipkart, which is in tie-up talks with Walmart Inc Amazon.com Inc may make a rival offer to buy Indian e-commerce firm Flipkart, which is in tie-up talks with Walmart Inc, media reported, as the two US retail giants jostle for dominance in India’s booming online industry. Amazon held …

Amazon may make rival bid for Flipkart
6 years, 11 months ago

Amazon may make rival bid for Flipkart

Live Mint  

New Delhi/Bengaluru: Amazon may submit a rival offer to buy India’s largest e-commerce firm Flipkart, which is in advanced talks with Walmart Inc. for selling a majority stake, said two people with direct knowledge of the matter. Amazon has held early exploratory talks to buy Flipkart even as the latter closes in on a sale to Walmart, the people cited …

Walmart said to be in talks to buy over 40% stake in Flipkart
7 years, 1 month ago

Walmart said to be in talks to buy over 40% stake in Flipkart

Live Mint  

Mumbai: Walmart Inc. is in talks to buy a stake of more than 40% in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com Inc. in Asia’s third-largest economy, two people familiar with the matter said on Friday. A deal with Walmart would give Flipkart much-needed muscle in its fight against Amazon, which has committed to investing $5 billion in …

Flipkart raises $1.4 billion from eBay, Microsoft, Tencent, acquires eBay India
7 years, 11 months ago

Flipkart raises $1.4 billion from eBay, Microsoft, Tencent, acquires eBay India

Live Mint  

Bengaluru: India’s largest online retailer Flipkart has closed a mammoth funding round of $1.4 billion from Tencent Holdings Ltd, eBay Inc. and Microsoft Corp., in the biggest-ever start-up funding round that both boosts Flipkart ability to compete with arch-rival Amazon India and takes the company a step closer to presenting itself as the only option to the US firm’s Indian …

Amazon India closing in on Flipkart as gross sales volume in Jan-Mar zooms 85% on year
7 years, 11 months ago

Amazon India closing in on Flipkart as gross sales volume in Jan-Mar zooms 85% on year

Firstpost  

US-based etailer’s gross sales in terms of value jumped around 65-70 percent during the quarter, even as the overall online market sales expanded 15-20 percent Amazon, the Indian subsidiary of the US-based online marketplace company, continues to put up a spectacular show in the country’s fast-growing ecommerce space even as home-grown rivals Flipkart and the struggling etailer Snapdeal face pressure …

Flipkart still India’s top start-up, shows analysis
8 years, 1 month ago

Flipkart still India’s top start-up, shows analysis

Live Mint  

Bengaluru: For all its well-documented troubles, Flipkart Ltd remains India’s outstanding Internet company. A Mint analysis of the financial statements of the country’s top 41 consumer Internet start-ups and companies highlights why Flipkart continues to be the torch-bearer of India’s start-up ecosystem. The company’s various entities, which include its logistics unit as well as fashion retailer Myntra, reported a net …

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