Brand Updates

 
Walmart’s cash-&-carry biz may go to Flipkart

Friday, January 24, 2020, 4:13 PM

Walmart’s cash-&-carry biz may go to Flipkart

Flipkart group is likely to acquire the loss-making wholesale cash-and-carry business of its parent US retail giant Walmart in India. The move comes shortly after talks with the Tata Group, which was looking to pick up a stake in Walmart India, made no headway. Sources said the Flipkart group, which operates Flipkart and Myntra, is looking at a reverse acquisition of the B2B segment of Walmart and it will function as a subsidiary of the group. Flipkart is expanding its footprint in the online food and grocery segment and the acquisition of the B2B business provides strength to the supply chain.

Brand Updates

 
Flipkart tightens returns policy on rising frauds

Tuesday, January 14, 2020, 10:44 AM

Flipkart tightens returns policy on rising frauds

Consumers buying winter fashion and lifestyle products on Flipkart will get less time to return products as the Walmart-owned e-tailer is tightening its returns policy. Flipkart is reducing the returns window for the segment to 10 days, from 30 days earlier, suspecting fraud orders by consumers, resulting in a ‘drastic rise’ in returns. Flipkart has communicated the change to its merchants selling these goods. This is the first such change in its returns policy with a direct impact on consumers under the new parent Walmart. Fashion is one of the top three categories driving its gross sales alongside smartphones and large appliances. In terms of margins, fashion offers the highest for e-tailers, including Flipkart.

Brand Updates

 
No OTP for transactions upto Rs 2,000 on Flipkart with Visa

Monday, January 6, 2020, 6:18 PM

No OTP for transactions upto Rs 2,000 on Flipkart with Visa

Flipkart on Monday launched Visa Safe Click (VSC), powered by Visa, that will eliminate the need for One Time Passwords (OTP) for transactions up to Rs 2,000 on the e-commerce platform. VSC will deploy India's first in-app, device-based network authentication solution for a hassle-free and safe payment process for the consumers, Flipkart said in a statement. "OTP-based authentication is one of the biggest points of friction in online card transactions, wherein we have observed significant customer drop-offs, said Ranjith Boyanapalli, Head, Fintech and Payments Group at Flipkart. "VSC completely replaces OTP with a background authentication, removing the need for any additional customer action. Through this initiative, we hope more consumers can make small-ticket purchases more easily and complete their purchase journey in a click," Boyanapalli noted.

Brand Updates

 
Flipkart-owned PhonePe receives Rs 585.6 cr infusion from parent firm

Tuesday, December 10, 2019, 6:00 PM

Flipkart-owned PhonePe receives Rs 585.6 cr infusion from parent firm

Flipkart-owned digital payments company PhonePe has received a fund infusion of about Rs 585.66 crore from its parent firm in another round, according to regulatory filings. PhonePe Pvt Ltd, Singapore, (formerly Flipkart Payments Pvt Ltd) was allotted 13,81,278 shares and the total amount paid was Rs 585,66,18,720, according to documents sourced by business intelligence platform Tofler. The company declined to comment on the fund infusion. In July this year, PhonePe had received a fund infusion of about Rs 698 crore from its parent firm. The latest fund infusion is expected to provide PhonePe more muscle to compete in the burgeoning payments segment in India. It competes against the likes of Paytm, Google Pay, Amazon Pay and others in this space.

Brand Updates

 
Govt looks into Flipkart, Amazon discounts after retailer complaints

Tuesday, October 15, 2019, 5:41 PM

Govt looks into Flipkart, Amazon discounts after retailer complaints

The government is looking into whether hefty discounts offered on Walmart-owned Flipkart and Amazon.com during their online festive sales violate foreign investment rules, a commerce ministry official told Reuters. India introduced new rules in February aimed at protecting the 130 million people dependent on small-scale retail by deterring big online discounts. The rules forced e-commerce firms to tweak their business structures and drew criticism from the United States, straining trade ties between New Delhi and Washington. While Amazon and Flipkart say they've complied with the federal rules, local trader groups say the two companies are violating them by burning money to offer discounts - of more than 50% in some cases - during the ongoing festive sales.

Brand Updates

 
Amazon, Flipkart festive sale generates over $1.8B sales in first 3 days, may hit $3.7B in six days

Saturday, October 5, 2019, 10:57 AM

Amazon, Flipkart festive sale generates over $1.8B sales in first 3 days, may hit $3.7B in six days

Online retailers in India have clocked $1.8 billion in gross merchandise value (GMV) during the first three days of the ongoing festive sales and are on track to hitting the $3.7 billion sales mark by the end of the six-day sale period, a leading business daily said quoting a report from RedSeer Consulting, which tracks the e-commerce market in India. Although RedSeer did not break out individual sales numbers of the two largest players in the market — Flipkart and Amazon it said that consumers preferred shopping for fashion on Flipkart but bought electronics on Amazon due to lower prices and faster delivery. According to the report, 55% of the GMV for the sector was driven by mobiles, similar to previous years. Categories like electronics, fashion, and furniture also witnessed growth in GMV.

Blog

 
Buying From Amazon And Flipkart: Check Seller Rating

Friday, April 12, 2019, 6:49 PM

Buying From Amazon And Flipkart: Check Seller Rating

Buying From Amazon And Flipkart: Check Seller Rating Most people love online shopping. Be it buyi ...

Blog

 
Stories of How Scamsters Have Cheated Flipkart

Monday, March 18, 2019, 5:14 PM

Stories of How Scamsters Have Cheated Flipkart

Stories Of How Scamsters Have Cheated Flipkart Homegrown online shopping portal, Flipkart, is India's largest and most loved online shopping po ...

Blog

 
A Story Of How Dr. Fraud Cheated Online Shopping Sites

Friday, March 1, 2019, 7:33 PM

A Story Of How Dr. Fraud Cheated Online Shopping Sites

You must have heard of fake online shopping portals cheating innocent people, by not delivering the ...

Blog

 
How to cancel order on Flipkart?

Thursday, January 24, 2019, 3:14 PM

How to cancel order on Flipkart?

Flipkart is India's largest e-commerce company selling various products like clothes, footwear, mobile phones, laptops, refrigerators, washing mac ...

3 Pages, 23 Records
CIBIL Meter