The Competition Commission of India (CCI) has unveiled a significant antitrust investigation revealing that major smartphone manufacturers, including Samsung, Xiaomi, Motorola, Realme, Vivo, and Lenovo, allegedly colluded with e-commerce giants Amazon and Flipkart. This alleged collusion involved exclusive product launches and preferential treatment, breaching local competition laws and raising…
Arief Mohamad, the seasoned executive who recently led Flipkart’s fashion vertical, is poised to take on a new role as Chief Business Officer (CBO) at Angel One. Mohamad has formally resigned from his position at Flipkart, where he has been a significant contributor for over nine years, including his recent tenure as Vice President and Head of Fashion since November 2023.
Mohamad’s departure…
Flipkart has recently inaugurated two major Fulfillment Centers (FCs) in Uttar Pradesh, marking a significant expansion in its logistics and supply chain infrastructure. This strategic move is set to create over 3,600 direct and indirect employment opportunities, significantly contributing to the state’s economic growth.
The newly inaugurated facilities include a Fulfillment Center and sortation…
In a significant move to reshape the financial landscape, Flipkart’s fintech arm, super.money, has unveiled its inaugural product, the superCard, in collaboration with Utkarsh Small Finance Bank. This innovative co-branded credit card represents a novel approach to financial inclusion and convenience, offering a range of features designed to cater to diverse customer needs and enhance the…
In a recent discussion at ETSpectrum, Jeyandran Venugopal, Flipkart’s Chief Product and Technology Officer, shed light on the e-commerce giant’s strategic approach to cloud adoption. Venugopal detailed how Flipkart harnesses the cloud to achieve optimal security, efficiency, and cost-effectiveness.
Optimizing Cloud Security
Security remains a top priority for Flipkart as it scales its cloud…
Shopsy, Flipkart’s hyper-value e-commerce platform, is intensifying its efforts to tap into the burgeoning rural market of India. With over 821 million internet users in the country, more than half—approximately 442 million—reside in rural areas. Shopsy’s strategy, spearheaded by newly appointed Business Head Prathyusha Agarwal, is focused on becoming the premier destination for…
Walmart-owned e-commerce giant Flipkart has officially launched its rapid delivery service, ‘Minutes,’ in Bengaluru, aiming to revolutionize quick commerce in India. The service, which promises deliveries within 10 to 15 minutes, is now operational in key areas such as HSR Layout, Gunjur, Bellandur, and Kadubeesanahalli.
This new offering positions Flipkart directly in competition with…
In the dynamic realm of fintech, Sameer Nigam emerges as a pivotal figure reshaping the landscape of digital finance with PhonePe, a trailblazing platform that has redefined financial transactions across India and beyond. Armed with a profound blend of business acumen from Wharton Business School and technical expertise honed at the University of Arizona, Nigam, alongside his co-founders Rahul…
D2C home gardening brand Ugaoo has raised $2 million in a pre-Series A round drove by DSG Consumer Partners and RPG Ventures.
The startup plans to use the assets to expand its regional presence with centers and garden focuses in Bangalore, Delhi, Kolkata and collaborate with international plant companies to introduce a more extensive range of colorful plants and premium plant care items to the…
B2B conveyance and shared portability startup, Zypp Electric, has raised $7 million in its Series A round drove by co-drove by 9Unicorns and Anthill Ventures. Nanavati Family Office, We Founder Circle, Silicon Valley based Riso Capital Fund, Dholakia Ventures along with existing investors Venture Catalysts and IAN Fund have also participated in the round.
With this round, Zypp’s total fundraise…
