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Posts Tagged ‘ E-Commerce ’

Myntra claims high revenue growth at sales event

Friday, January 6, 2017 | More »

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Even as its loss continues to widen, Flipkart-owned fashion portal Myntra on Friday claimed 160% growth in revenue during its latest edition of the ‘End of Reason Sale’. This is the fifth year of the sale event by Myntra. Myntra’s acquisition of its closest rival Jabong helped the company post...

Lenskart

Lenskart losses widen in FY16, revenue jumps

Lenskart Solutions Pvt. Ltd net loss for the financial year ended March 2016 widened to Rs 113 crore as the eyewear retailer spent more on advertising and promotions, a media report said on Wednesday. The company’s revenue for 2015-16 jumped 63% to Rs 99 crore, Mint reported citing documents filed...

4 January, 2017 | More »

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Flashback 2016: Challenging year for India’s unicorns

The internet and tech unicorns that sprung up in the recent years have inspired the entrepreneurial spirit among the country’s youth. They attracted billions of dollars of foreign capital and triggered the rise of hordes of startups. The good run in terms of expanding customer base, successive rou...

30 December, 2016 | More »

For-Flipkart-Story-TC_Shah-Junaid

Flashback 2016: Flipkart braves markdowns, Amazon threat

A steep markdown in valuation, series of top-level exits, heightened competition and prolonged funding drought—India’s biggest e-commerce company Flipkart has had a tumultuous year, to put it mildly. In fact, this was the first year since 2011 when investors didn’t infuse any capital into ...

30 December, 2016 | More »

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Flipkart, Amazon to bet big on fashion in 2017

Indian e-commerce heavyweights Flipkart and Amazon India are aggressively focusing on the high-margin fashion segment as they aim for profitability in the long run. Both Amazon India and Flipkart are expanding their private labels in addition to exploring more exclusive brand partnerships to open up...

28 December, 2016 | More »

Binny Bansal

Flipkart CEO says Amazon can’t win e-commerce battle with capital

Flipkart and Amazon — the top two e-commerce players in India — are engaged in a fierce battle for supremacy in the country’s fastest growing market. Even after gaining around 80% market share in fashion e-commerce, the market leader Flipkart faces stiff competition from its arch r...

27 December, 2016 | More »

eBay

eBay India revenue triples, losses widen in FY16

The Indian arm of US-based online selling platform eBay Inc has reported a three-fold rise in revenue and a wider loss for the financial year 2015-16. The company reported losses of Rs 262 crore for the year ended March 2016 versus Rs 172 crore in the same year-ago period, a report in The Economic T...

27 December, 2016 | More »

Amazon005

Amazon India losses double in FY2016

Online retail giant Amazon.com Inc.’s India unit saw its losses more than double in the financial year 2015-16 as it spent heavily to hold off competition from Indian e-commerce giant Flipkart. Amazon India’s losses for the fiscal year ended March 2016 soared to Rs 3,572 crore from Rs 1,...

26 December, 2016 | More »

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Flipkart loss widens in FY16, revenue jumps 50%

Flipkart Pvt Ltd, the Singapore-based holding company of India’s largest e-commerce marketplace, reported a wider loss for 2015-16 as it spent more to hold off growing competition from the local unit of Amazon.com Inc. The company posted a net loss of Rs 5,768.8 crore for the year through March 20...

20 December, 2016 | More »

Deepak-Jain2

How B2B technology firms can disrupt fashion e-commerce

Indian e-commerce has come to terms with the business reality in 2016 with the focus shifting completely from vanity metrics like GMV (gross merchandise value) to the golden word – profitability. The e-commerce market in India comprises mainly of electronics (that is, mobile phones) and fashion. M...

20 December, 2016 | More »

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