Walmart-backed Flipkart seeks to double furniture biz annually for next 3-5 years
5 years, 3 months ago

Walmart-backed Flipkart seeks to double furniture biz annually for next 3-5 years

Live Mint  

New Delhi: It may be hard to associate Walmart-backed Flipkart with just furniture sales. However, not only is Flipkart now the largest online retailer of furniture in the country with a little over 40% market share, furniture is also one of its fastest-growing categories. The Indian furniture market is growing at a compounded annual growth rate of 15-17% with residential comprising $11.1 billion and the large furniture category leading with a 70% share, according to RedSeer Management Consulting--a research and advisory firm focused on the consumer internet market. Flipkart has also introduced affordable payment solutions such as 'No Cost EMI' and 'Debit Card EMI' for the online furniture business, which are also helping in increasing the sales in this category. Flipkart’s increasing furniture business comes at a time when Swedish furniture retailer Ikea is looking to expand its presence in India.

India Furniture Market Share Flipkart  biz  furniture  pain  walmartbacked  seeks  flipkart  india  quality  online  annually  35  market  customers  share  double  retailer

History of this topic

Flipkart sets sights on IPO launch within 12-15 months: Report
Trending News
1 month 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 …

When will Flipkart be listed? ‘Looking at right time’, may enter quick commerce segment
7 months, 3 weeks 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 opens grocery warehouse
8 months, 4 weeks ago

Flipkart opens grocery warehouse

The Hindu  

Flipkart, an e-commerce marketplace, has launched its new grocery fulfillment center in Hubli, Karnataka, furthering its commitment to offering next-day grocery deliveries to consumers. Based on local consumer insights, the new fulfillment center in Hubballi will offer a curated selection of over 6,000 products, including the State’s popular favourites such as Nandini, Naga, and Vijay, to name a few alongside …

This is Ikea's plan for India: Doorstep delivery owing to online demand
11 months, 1 week ago

This is Ikea's plan for India: Doorstep delivery owing to online demand

Hindustan Times  

Leading furniture retailer Ikea has introduced doorstep delivery facility in 62 new markets in India, and the company expects online demand to go up in the coming years, the company's India CEO Susanne Pulverer said. At present, Ikea India gets around 25 per cent of its sales through online channels. "However, the convenience offered by online channels is expected to …

India's online shopping market: Which is better? Flipkart, Amazon or Meesho
11 months, 1 week ago

India's online shopping market: Which is better? Flipkart, Amazon or Meesho

Hindustan Times  

Walmart-owned Flipkart is leading India's e-commerce segment with 48% market share, AllianceBernstein said in a new report. Softbank-backed Meesho has emerged as the fastest growing ecommerce platform in terms of users in India while Flipkart's users grew 21% year-on-year. The e-tailer is growing faster than the industry in the country, the report said, adding, “As of FY23, Flipkart was the …

Flipkart launches hotel booking feature with affordable travel options, here's all about it
2 years, 4 months ago

Flipkart launches hotel booking feature with affordable travel options, here's all about it

India Today  

Flipkart has launched its own hotel booking feature to extend its business into the hospitality sector. The Flipkart Hotels will have add-on benefits including flexible travel, booking-related policies, and easy EMI options, making the travel experience budget-friendly. Available on the Flipkart app, this new offering provides a hassle-free booking experience, and timely communication through popular messaging apps,” cites the company. …

IKEA trends on Twitter after their Bengaluru outlet gets super crowded. Best memes
2 years, 6 months ago

IKEA trends on Twitter after their Bengaluru outlet gets super crowded. Best memes

India Today  

If you have been to Twitter recently, you probably have seen the word IKEA on the trending list. Looks like Tirupati finally has some competition pic.twitter.com/fQiS4e87rA — Suyog Gaidhani June 25, 2022 After snippets of the maddening crowd spread on social media platforms, netizens couldn’t help but make memes out of the situation. It’s not MLAs queuing in Maharashtra to …

IKEA Bengaluru open for public; CM Bommai flags ₹3,000 crore in investment
2 years, 6 months ago

IKEA Bengaluru open for public; CM Bommai flags ₹3,000 crore in investment

Hindustan Times  

India's largest IKEA store is now open to the public. Situated in Bengaluru's Nagasandra, it was inaugurated by Karnataka chief minister Basavaraj Bommai on Wednesday and the CM said the Swedish company is to invest ₹3,000 crore in the southern state, news agency PTI reported Bengaluru's IKEA store opened on June 22 near the Nagasandra metro station. "The Chief Minister …

IKEA largest store in India awaits opening in Bengaluru's Nagasandra on June 22
2 years, 6 months ago

IKEA largest store in India awaits opening in Bengaluru's Nagasandra on June 22

Hindustan Times  

IKEA, a leading Swedish home furnishings retailer, on Tuesday said it will open the doors to its largest store in India so far, at Nagasandra in Bengaluru, here on June 22. The Nagasandra Store is IKEA's fourth store in India, it said in a release, adding that the store will be an iconic landmark in the city, providing home furnishing …

IKEA malls business to invest around ₹7,000 crore in India, top executive says
3 years, 1 month ago

IKEA malls business to invest around ₹7,000 crore in India, top executive says

Live Mint  

The malls division of Swedish furniture giant IKEA will invest around ₹7,000 crore in two centres it plans to build on the outskirts of New Delhi, a top executive said on Wednesday. IKEA's malls business, one of the world's biggest, said it was building two centres - malls that are anchored by its stores - in Gurugram and NOIDA, two …

Flipkart launches ‘Flipkart Xtra’ to onboard part-time job seekers, aims to create over 4,000 jobs
3 years, 3 months ago

Flipkart launches ‘Flipkart Xtra’ to onboard part-time job seekers, aims to create over 4,000 jobs

India TV News  

Walmart-owned Flipkart on Wednesday said it is introducing a separate marketplace model 'Flipkart Xtra' to offer flexible earning opportunities to individuals, service agencies and technicians. The new platform will help bolster Flipkart's supply chain to ensure seamless and faster delivery of shipments and service to consumers across India while creating part-time opportunities for individuals, it added. The launch, which comes …

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 expands its grocery services to Tamil Nadu and Kerala
3 years, 4 months ago

Flipkart expands its grocery services to Tamil Nadu and Kerala

Live Mint  

BENGALURU: Walmart-owned Flipkart is now expanding its grocery services in Tamil Nadu and Kerala, the company said on Friday. Grocery is a regionally indexed category, and our focus has been to build local sourcing capabilities to better serve local consumer needs with the finest regional selection in addition to bringing the best quality national brands to the consumer’s doorstep,” said …

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 …

Walmart-Owned Flipkart Raises USD 3.6 Billion In Funding, Now Values At 37.6 Billion
3 years, 5 months ago

Walmart-Owned Flipkart Raises USD 3.6 Billion In Funding, Now Values At 37.6 Billion

ABP News  

Mumbai: Walmart-owned Flipkart has raised $3.6 billion in the new caption from its promoters and investors, SoftBank Group Corp, valuing the e-commerce firm at $37.6 billion, more than double the amount, for which US retail giant bought a 77 percent stake in 2018. The investors in the latest funding include financial investors GIC, Canada Pension Plan Investment Board, SoftBank Vision …

IKEA will now deliver to Bengaluru, plans to start physical store within a year
3 years, 6 months ago

IKEA will now deliver to Bengaluru, plans to start physical store within a year

Live Mint  

Swedish home furnishings retailer IKEA on Wednesday said it has launched an online sales service in Bengaluru ahead of opening a store in the city that is expected to be functional within a year. "IKEA's much-awaited Bengaluru market entry, led by e-commerce and mobile shopping app is the first step in entering the market and marks a significant milestone in …

Ikea set to open online deliveries in Bengaluru
3 years, 6 months ago

Ikea set to open online deliveries in Bengaluru

Live Mint  

New Delhi: Furniture retailer Ikea on Wednesday announced opening up of its online deliveries in the southern city of Bengaluru, pushing ahead its plans to reach consumers across multiple sales channels, even as the local arm of the Swedish company is a year away from opening up its first store in the city. Online sales of home furnishings and home …

Flipkart opens 2.2 lakh sq ft warehouse in West Bengal, to create about 3,500 direct jobs
3 years, 6 months ago

Flipkart opens 2.2 lakh sq ft warehouse in West Bengal, to create about 3,500 direct jobs

India TV News  

Walmart-owned Flipkart on Wednesday said it has set up a new fulfilment centre in West Bengal, its second-largest in the state, that will help in creating nearly 3,500 direct jobs. Spread across an area of over 2.2 lakh sq ft, the new facility in Dankuni will cater to the needs of Flipkart and Myntra customers in the region and bolster …

Flipkart Flipstart days sale to start from December 1, will give up to 80 per cent off on electronic devices
4 years, 1 month ago

Flipkart Flipstart days sale to start from December 1, will give up to 80 per cent off on electronic devices

India Today  

Flipkart has introduced Flipstart days that will bring users special discounts and offers for the first three days of every month. Flipkart’s website shows up to an 80 per cent discount on electronics and accessories that users can avail on Flipstart days. Further, smart TVs will be priced from Rs 8999 and other home and heating appliances will get a …

Flipkart Group and Amazon corner 88 percent market share in festive sales: Report
4 years, 1 month ago

Flipkart Group and Amazon corner 88 percent market share in festive sales: Report

Firstpost  

Online shopping platforms Flipkart and Amazon swallowed around 88 percent market share together this festive season which began mid-October and ended mid-November. Flipkart Group comprised 66 percent of the overall GMV clocked by e-commerce firms in the festive season while Amazon comprised 34 percent. Walmart backed Flipkart including fashion portal Myntra took 58 percent of the market share as compared …

Flipkart Big Billion Days Sale 2020 achieves 10 times growth as compared to last year
4 years, 2 months ago

Flipkart Big Billion Days Sale 2020 achieves 10 times growth as compared to last year

India TV News  

Flipkart, on Wednesday, said that it delivered 1 crore shipments in the first five days of its Big Billion Day sale which is a massive 10 times growth compared to the last BBD when only 10 lakh deliveries were made by the e-commerce marketplace in the same period. In cheer for MSMEs, over 66.6 crore visits were recorded during the …

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, 4 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, 4 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, 5 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 …

Flipkart Raises $1.2Bn in Walmart-led Funding, Valued at $24.9Bn
4 years, 5 months ago

Flipkart Raises $1.2Bn in Walmart-led Funding, Valued at $24.9Bn

The Quint  

Indian e-commerce giant Flipkart has raised $1.2 billion in a funding round led by its majority stakeholder Walmart along with other existing shareholders. This is the largest fund raising for Flipkart since Walmart acquired the retail platform two years ago for $16 billion. Flipkart CEO Kalyan Krishnamurthy, in a statement, said, “Since Walmart’s initial investment in Flipkart, we have greatly …

Walmart to improve Flipkart's supply chain to build grocery and daily essentials space; to focus on training MSME entrepreneurs
5 years, 1 month ago

Walmart to improve Flipkart's supply chain to build grocery and daily essentials space; to focus on training MSME entrepreneurs

Firstpost  

The American retailer will invest in areas that will help Flipkart, Walmart and its global supply chain, in India Walmart, which owns 77 percent of e-commerce firm Flipkart, will strengthen its investment in the supply chains of both the companies to build up the grocery and daily essentials space, which will help broaden consumer and merchant base, two officials with …

Flipkart’s net loss rises 86% to ₹3,837 cr in 2018-19
5 years, 2 months ago

Flipkart’s net loss rises 86% to ₹3,837 cr in 2018-19

Live Mint  

New Delhi: Flipkart India, the B2B arm of Walmart-owned Flipkart, has registered a higher loss of ₹3,836.8 crore during 2018-19 as compared to the previous financial year, according to regulatory documents. The unit had posted a loss of ₹2,063.8 crore for the financial year ended March 31, 2018, documents filed by Flipkart India to the corporate affairs ministry showed. Flipkart …

Flipkart ups ante against Amazon; to set up Rs 2,000-cr unit for food retail in India
5 years, 2 months ago

Flipkart ups ante against Amazon; to set up Rs 2,000-cr unit for food retail in India

Firstpost  

E-commerce giant Flipkart on Tuesday said it is setting up a new local entity - Flipkart Farmermart - that will focus on food retail in India, as it looks to take on arch-rival Amazon in the segment New Delhi: E-commerce giant Flipkart on Tuesday said it is setting up a new local entity - Flipkart Farmermart - that will focus …

Amazon, Flipkart find success in rural India during sales season
5 years, 3 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. …

E-commerce can boost consumption, expect strong demand from small towns, cities: Flipkart
5 years, 3 months ago

E-commerce can boost consumption, expect strong demand from small towns, cities: Flipkart

Live Mint  

Walmart-owned Flipkart on Monday said it does not see its sellers or consumers tightening their purse strings during the festive season ahead and expressed confidence in clocking strong sales this year with demand being driven by Tier II and III markets. Speaking to PTI, Flipkart Group CEO Kalyan Krishnamurthy said this year's edition of The Big Billion Days, which will …

Flipkart onboards 27,000 kirana shops to strengthen last mile delivery
5 years, 4 months ago

Flipkart onboards 27,000 kirana shops to strengthen last mile delivery

Live Mint  

New Delhi: Walmart-owned Flipkart on Monday said it has onboarded nearly 27,000 'kirana' shops across 700 cities to strengthen its pan-India supply chain ahead of the upcoming festive season. This will further strengthen and personalise e-commerce experience for its existing 160 million customers, help deepen its reach to newer geographies and consumers and support 'kiranas' by enhancing their income, a …

Flipkart aims to double its sales during Big Billion Day
5 years, 4 months ago

Flipkart aims to double its sales during Big Billion Day

Live Mint  

Walmart-owned online retailer Flipkart hopes to double sales during its flagship Big Billion Day event, two people aware of its sales targets said. Flipkart, however, confirmed that the upcoming Big Billion Day sale will be its biggest on the back of increasing sellers’ base, new products and pocket-friendly financing options, among other reasons. The Big Billion Day is Flipkart’s flagship …

IKEA India opens online store in Mumbai; offers more than 7,500 products
5 years, 4 months ago

IKEA India opens online store in Mumbai; offers more than 7,500 products

Firstpost  

Mumbai: Swedish home furnishings major IKEA on Monday said it has launched its online store in the city offering more than 7,500 products. It said the online store is part of its new multichannel approach to reach 100 million customers in the next three years. Today marks an important occasion in our history as we roll out our multi-channel, digital-first …

IKEA enters Mumbai market with online store
5 years, 4 months ago

IKEA enters Mumbai market with online store

Live Mint  

Swedish home furnishings retailer IKEA on Monday announced the launch of its online store in Mumbai amid plans to open retail outlets in the city. The company, which entered India with the launch of its first retail store in Hyderabad last year, said its entry into Mumbai with an online store is part of its new multichannel approach to reach …

IKEA products can now be ordered online in Mumbai. Check out opening offers
5 years, 4 months ago

IKEA products can now be ordered online in Mumbai. Check out opening offers

Live Mint  

Swedish home furnishings major IKEA on Monday said it has launched its online store in the city offering more than 7,500 products. It said the online store is part of its new multichannel approach to reach 100 million customers in the next three years. Mumbai will see a multichannel offer including smaller format stores, and a big format store in …

Flipkart purchase brings down Walmart's operating income 4% to $4.9 bn in first quarter
5 years, 7 months ago

Flipkart purchase brings down Walmart's operating income 4% to $4.9 bn in first quarter

Firstpost  

Moody’s analyst Charlie O’Shea said the potential impact on Walmart and its shoppers from tariffs is limited by its food business. Walmart’s operating income fell 4.1 percent to $4.9 billion during the first quarter, in part because of the US retail major’s purchase of Indian e-commerce startup Flipkart last year. Walmart Inc said on Thursday that prices for shoppers will …

Ikea finds mattresses score over bookcases in India
5 years, 9 months ago

Ikea finds mattresses score over bookcases in India

Live Mint  

Mumbai: Ikea of Sweden AB claims its Billy Bookcase is sold somewhere in the world every five seconds. “I think we are tapping in with the right products at the right price levels, in a way thanks to the market research we learned about homes and people.” The do-it-yourself furniture retailer, which opened its first Indian store in August last …

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