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Is Flipkart clawing back in the game against Amazon?

Friday, February 17, 2017 | More »

In early signs of a reversal in fortunes, Flipkart has outrun rival Amazon India in gross sales in two consecutive months, after trouncing the US-based ecommerce company with its Big Billion Day sales in October. The Indian ecommerce giant recently witnessed a top-level management rejig. Citing four...

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Amazon plans to launch brick-and-mortar food outlets in India

Ecommerce major Amazon has sought the Indian government’s approval to open food-only physical outlets combined with an online platform to sell locally produced food items. Citing a person who saw the application submitted to the government by Amazon Corporate Holding Pvt. Ltd, The Economic Times r...

16 February, 2017 | More »

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Amazon to set up two customer service facilities in Coimbatore, Noida

Amazon Development Centre (I) Pvt. Ltd has announced plans to open two new customer service facilities in Coimbatore and Noida, taking the total number of such facilities in India to five. It has two sites in Hyderabad and another in Pune, which opened in 2015. “Both Coimbatore and Noida are fast-...

15 February, 2017 | More »

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Forrester trims India e-tail market estimate on note ban, regulatory woes

US-based market research company Forrester Research has cut the size of India’s online retail market by 36%, saying it will touch $48 billion by 2020. Last year, the firm estimated the sector to reach $75 billion by 2020. The retail market shrunk due to demonetisation, restrictions on e-commer...

10 February, 2017 | More »

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Flipkart’s Sachin Bansal reiterates stand on ‘level playing field’ for local cos

E-commerce giant Flipkart’s co-founder Sachin Bansal has re-ignited the debate around a “level playing field” for Indian startups, saying it is essential to ensure that local companies don’t get “prematurely killed” by foreign competition. “Indian companies can and they...

9 February, 2017 | More »

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Flipkart, Snapdeal unlikely to remain key players: Mahesh Murthy

Investor Mahesh Murthy is known for not mincing words. The co-founder of Seedfund says several businesses in India have been created with the idea of selling to industry giants, signalling greed of both entrepreneurs and investors. He is also least bothered about the valuation markdowns of some cons...

9 February, 2017 | More »

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Fashion portal Voonik’s FY16 sales rose twice as fast as its cash burn

Voonik Technologies Pvt. Ltd’s net sales for 2015-16 rose almost forty-fold but losses widened 18 times, as the fashion e-commerce marketplace spent heavily on advertising to attract customers in a sector dominated by Flipkart-owned online retailers Myntra and Jabong. Net sales for the year throug...

8 February, 2017 | More »

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Amazon bets big on Prime Video, invests over $75 mn in India so far

US-based ecommerce giant Amazon Inc has invested about Rs 500 crore (around $75 million) on its video streaming service Amazon Prime Video in India so far. Launched in December last year, the company has committed about one-fourth of its Rs 2,000 crore India budget to partner with local production h...

8 February, 2017 | More »

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Myntra clocks sales of Rs 850 crore in January

Flipkart-owned Myntra registered sales of over Rs 850 crore ($126 million) in January, including those from its recently acquired unit Jabong, a financial daily reported on Monday. Buoyed by its ‘End of Reason Sale’, the online fashion retailer hit an annual revenue run rate of $1.6 bill...

6 February, 2017 | More »

Amazon plans online food venture in India

Amazon plans online food venture in India

US-based Amazon.com Inc has reportedly sought government of India’s approval to launch a wholly-owned online venture which can stock and sell food products in the country. Amazon is planning to invest $500 million for this project and has applied to the Department of Industrial Policy and Promotio...

3 February, 2017 | More »

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