Posts filtered by tags: Flipkart[x]


 

Flipkart invests $35 million in Indian fashion brand to target youth

Flipkart, which competes with Amazon in India, is doubling down on an area where it has established a clear lead: Fashion. On Thursday, the Flipkart Group announced it had invested $35 million in Arvind Fashions for a significant minority stake in one the decades-old Indian firm’s subsidiaries as the Walmart -owned firm looks to tighten its grip on fashion apparels in the world’s second largest internet market. Through acquisition of Myntra and Jabong over the years, Flipkart has already es...
Tags: Amazon, Ecommerce, Asia, India, Funding, Tech, Walmart, Flipkart, Jabong, Amazon India, Forrester, Flying Machine, Myntra, Ed Hardy, Children 's Place, Flipkart Group


Flipkart invests $35 million in Indian giant Arvind Fashions’ unit

Flipkart on Thursday announced it has invested $35 million in Arvind Fashions for a significant minority stake in one the decades-old Indian firm’s subsidiaries as the Walmart-owned firm looks to widen its hold on fashion e-commerce in the world’s second largest internet market. The e-commerce firm, which operates market-leading fashion e-commerce firm Myntra, said it was acquiring a stake in Arvind Fashions‘ Arvind Youth Brands, which operates Flying Machine brand in India. The two companies...
Tags: Travel, Amazon, Ecommerce, Asia, India, Funding, Walmart, Flipkart, Amazon India, Flying Machine, Myntra, Ed Hardy, Children 's Place, Flipkart Group, Kalyan Krishnamurthy, J Suresh


Amazon and Flipkart might have to give their source code to the Indian government

Online retailers such as Amazon and Walmart-owned Flipkart might have to hand over their site’s source code and core algorithms to the Indian government. According to a report by Bloomberg, a new draft ecommerce policy that seeks to bring competitiveness in the market, list this as a mandate. The draft bill also asks if companies are using “explainable AI” (XAI) — a type of AI that makes solutions and methods understandable for humans. The bill tackles the question of storing the data locally, b...
Tags: Amazon, Startups, India, Walmart, Bloomberg, Flipkart


Apple, Amazon, Facebook, and Google CEOs will testify in front of the US Congress for its broad antitrust investigation: Reports

CEOs of four of the biggest tech companies in the world — Apple, Amazon, Facebook, and Google — will testify before the US Congress later this month, as part of its anti investigation of the Big Tech. This was first reported by New York Times columnist Kara Swisher following her conversation with Rep-David Cicilline. Later, a spokesperson for the House Judiciary Committee also confirmed it to the New York Times. Apple’s Tim Cook, Facebook’s Mark Zuckerberg, Alphabet/Google’s Sundar Pichai, and A...
Tags: Travel, Apple, Google, Amazon, Facebook, Mark Zuckerberg, News, Congress, US, Eu, Regulation, United States, New York Times, Jeff Bezos, Flipkart, Sundar Pichai


Amazon eliminates single-use plastic in packaging in India

Amazon said on Monday it has eliminated all single-use plastic in its packaging across its fulfillment centers in India, delivering on a pledge it made last year to achieve this goal by June. The American e-commerce group said it had replaced packaging materials such as bubble wraps with paper cushions and was also using “100% plastic-free biodegradable” paper tapes. All of Amazon’s 50-plus fulfilment centers in India were complying with the new guidelines, the company said. Flipkart, whic...
Tags: Amazon, Ecommerce, Asia, India, Environment, Narendra Modi, Tech, Walmart, Flipkart, Amazon India, Prakash Kumar Dutta, PFS Additionally Amazon


Indian startups diversify their businesses to offset COVID-19 induced losses

E-commerce giant Flipkart is planning to launch a hyperlocal service that would enable customers to buy items from local stores and have those delivered to them in an hour and a half or less. Yatra, an online travel and hotel ticketing service, is exploring a new business line altogether: Supplying office accessories. Flipkart and Yatra are not the only firms eyeing new business categories. Dozens of firms in the country have branched out by launching new services in recent weeks, in part to ...
Tags: Amazon, Facebook, Ecommerce, Apps, Asia, Instagram, Education, Entertainment, India, Tech, Walmart, Zomato, Logistics, Mumbai, New Delhi, Flipkart


Amazon launches ‘Smart Stores’ in India to win mom and pop

For Amazon, it’s never too late to try something in India. The e-commerce giant is exploring ways to further spread its tentacles in the largely offline, technology-free neighborhood stores in one of its key overseas markets. The American firm’s latest attempt is called “Smart Stores.” For this India-specific program, Amazon is providing physical stores with software to maintain a digital log of the inventory they have in the shop, and supplying them with a QR code. When consumers walk to the...
Tags: Google, Amazon, Ecommerce, Apps, Asia, India, Local, Tech, Walmart, E-commerce, Payments, New Delhi, Flipkart, UPI, Vijay Shekhar Sharma, Amazon India


Google to offer loans to merchants in India

Google said on Thursday it plans to offer crediting feature to millions of merchants in India through its Google Pay app starting later this year as the American technology group looks to help small businesses in the country steer through the pandemic and also find a business model for its mobile payments service. The company said it was working with financial institutions to offer loans to merchants from within Google Pay for Business app. The Google Pay’s business app, which the Android ...
Tags: Google, Android, TC, Apps, Asia, India, Softbank, Tech, Walmart, Payments, New Delhi, Flipkart, Paytm, Online Lending, Facebook Google, Google My Business


E-commerce cos now have to identify the ‘country of origin’ for all products: Reports

The Department of Promotion of Industry and Internal Trade on Wednesday directed e-commerce companies to figure out a way for customers to identify the country of origin for all products being sold on their platforms, reports the Indian Express. This was conveyed during a meeting with 20 firms including Amazon, Flipkart, Paytm, Pepperfry. The companies have reportedly sought around 10 days to work out a method for this. 1mg, Myntra, JioMart, BigBasket, and Shopclues were also at the meeting. Ama...
Tags: Travel, Amazon, Ecommerce, News, China, India, Bloomberg, Flipkart, Economic Times, Cait, Piyush Goyal, Ministry of Commerce Industry, DPIIT, Atmanirbhar Bharat, Department of Industrial Policy & Promotion, Amazon Flipkart Paytm Pepperfry


Amazon, Flipkart opt-in to display "Country Of Origin" details on new products

https://www.ndtv.com/india-news/on-country-of-origin-amazon-flipkart-opt-for-full-disclosure-2251570A group of e-commerce companies including Amazon and Flipkart today decided to display “Country of origin” on their new products, government sources said. The decision was made at a video conference today following a government move to make mentioning “Country of Origin” mandatory for sellers listing their products in the Government e-Marketplace — a state-run online portal. The post Amazon, Flipk...
Tags: Amazon, Business, Flipkart, Digital India, Amazon Flipkart


Have Online Reviews Radically Changed the Shopping Power of People?

Customer online reviews are important to shoppers? 90% and more consumers read online reviews as a practice before indulging in any purchase. Besides 88% trust the reviews online as personal recommendations. Easy access to websites has made people cling to reviews online for almost everything.The fact is that there are more than 550 million internet users all over India. The interconnectivity with the devices has contributed to the growth in India and it is at a brisk rate. More than 629 million...
Tags: Amazon, Business, News, India, Sales, Flipkart, Boost SEO Improving


Walmart’s Flipkart makes local languages push to win small Indian cities and towns

Flipkart on Wednesday added support for three more local languages as the Indian e-commerce giant looks to widen its foothold in smaller cities and towns across the country where fewer people speak English and Hindi. The Walmart -owned firm said its online marketplace now has interfaces in Tamil, Telugu, and Kannada, three languages that are spoken by roughly 200 million people in India. Today’s announcement follows Flipkart adapting its interface in Hindi language on its website and app la...
Tags: Amazon, Startups, Ecommerce, Apps, Asia, India, Walmart, E-commerce, Flipkart, Amazon India, India India, Kannada, India Today, Flipkart Group, Kalyan Krishnamurthy


Flipkart rolls out support for Tamil, Telugu, and Kannada in its shopping app

Walmart-owned Indian ecommerce company Flipkart has rolled out support for three indic languages on its app: Tamil, Telugu, and Kannada. This comes after last year’s launch of the Hindi interface on its app. Earlier this month, Flipkart launched a voice assistant for grocery shopping on its app with support for English, Hindi, and mixed-language commands. This new roll-out with additional language support on its app is an indication that the company wants to tap India’s vernacular internet users...
Tags: Startups, India, Walmart, Flipkart, Kannada, Jeyandran Venugopal


Amazon expands Flex delivery program to more than 35 cities in India

Amazon said on Thursday it has expanded its Flex delivery program to more than 35 cities in India, one of its key overseas markets, as the e-commerce giant looks to scale its delivery capability to service the growing number of orders. The e-commerce giant, which completed seven years in the country this month, launched the Amazon Flex delivery program in India last June. At the time, the program was available in three cities. Amazon Flex allows individuals to help the company deliver pack...
Tags: Amazon, Ecommerce, Asia, India, Tech, Walmart, Logistics, New Delhi, Flipkart, Amazon India, Diwali, Amazon Flex, FLEX, Prakash Rochlani, Rochlani Amazon


Flipkart to launch new hyperlocal delivery service: Report

Flipkart is looking to enter the hyperlocal delivery space by next month, starting with grocery services, reported the Economic Times. The Walmart-owned company will reportedly launch a separate vertical for this. The service is expected to first go live in Bengaluru, and will be on pilot mode in the city at least until October. With this, Flipkart will be up against the likes of Dunzo, Swiggy and Reliance’s JioMart, among others. We have reached out to Flipkart for more details. Apart from groc...
Tags: Travel, News, Zomato, Flipkart, Hyperlocal, Bengaluru, Reliance, Swiggy, Shadowfax, Dunzo, Jiomart, Economic Times The Walmart, Dunzo Swiggy


US House of Representatives seeks testimony from Big Tech CEOs: Report

The US House of Representatives’ Judiciary Committee is trying to get testimonies from Big Tech CEOs for its ongoing investigation into technology companies’ alleged anti-competitive practices, Axios reported. Facebook, Amazon, Apple and Google are reportedly being asked to supply internal documents and the companies’ responses to other competition investigations. We have reached out to the office of Antitrust Subcommittee Chair David Cicilline for comment. This effort is a part of the wider ant...
Tags: Travel, Apple, Google, Amazon, Facebook, Mark Zuckerberg, News, Congress, US, Eu, Competition, House Of Representatives, Antitrust, Flipkart, Sundar Pichai, Congressional


Sinch to buy India’s ACL Mobile for $70 million

Sinch said on Monday it has agreed to buy Indian firm ACL Mobile for £56 million (roughly $70 million) in what is the third acquisition deal the Swedish mobile voice and messaging firm has entered into at the height of a global pandemic. The Swedish firm said acquiring ACL Mobile will enable it to leverage the Indian firm’s direct connections with local mobile operators in the world’s second largest internet market as well as in Malaysia, and UAE and expand its end-to-end connectivity without...
Tags: Fundings & Exits, Apps, Asia, India, Funding, US, Tech, Whatsapp, Malaysia, T-mobile, Kuala Lumpur, Deutsche Telekom, Flipkart, Uae, Sap, Makemytrip


EU to file antitrust charges against Amazon over treatment of third-party sellers: Report

The European Union may file formal antitrust charges against Amazon due to its treatment of third-party sellers next week, the Wall Street Journal reported on the basis of anonymous sources. The European Commission, which is EU’s antitrust regulator, has reportedly been working on these charges for a couple of months. The Commission has been investigating Amazon’s alleged mistreatment of sellers that use its platforms for nearly two years. The crux of the matter is Amazon’s dual role as a market...
Tags: Travel, Amazon, Facebook, Usa, News, Congress, India, US, Eu, European Union, Competition, European Commission, Antitrust, Donald Trump, Wall Street Journal, Flipkart


5-month-old Indonesian startup Ula raises $10.5 million for its wholesale e-commerce marketplace

Five-month-old Indonesian startup Ula that aims to help small retailers solve inefficiencies that they face in supply chain, inventory, and working capital, said today it has raised $10.5 million in a new financing round to grow its business in the Southeast Asian market. The Seed round was led by Sequoia India and Lightspeed India. SMDV, Quona Capital, Saison Capital, Alter Global and a clutch of prominent angels including the whole founding team of Bangalore-headquartered business-to-bus...
Tags: Amazon, Ecommerce, Apps, Asia, Indonesia, Funding, Tech, Stores, Sequoia Capital, Ula, Flipkart, Bangalore, Jakarta, Lightspeed, Alan Wong, Lazada


5-months-old Indonesian startup Ula raises $10.5 million for its wholesale e-commerce marketplace

Five-year-old Indonesian startup Ula that aims to help small retailers solve inefficiencies that they face in supply chain, inventory, and working capital, said today it has raised $10.5 million in a new financing round to grow its business in the Southeast Asian market. The Seed round was led by Sequoia India and Lightspeed India. SMDV, Quona Capital, Saison Capital, Alter Global and a clutch of prominent angels including the whole founding team of Indian startup Udaan, participated in th...
Tags: Amazon, Ecommerce, Apps, Asia, Indonesia, Funding, Tech, Stores, Sequoia Capital, Ula, Flipkart, Jakarta, Lightspeed, Alan Wong, Lazada, Sequoia India


Flipkart launches Voice Assistant to help customers buy groceries

https://www.livemint.com/companies/news/flipkart-launches-voice-assistant-to-help-customers-buy-groceries-11591688469052.htmlFlipkart has announced the launch of its new voice assistant that will be available on its grocery store Supermart to enable consumers buy products easily using voice commands in multiple languages, starting with Hindi and English. “While we have seen great adoption for our video and vernacular offerings, the next step in that direction is to solve for the voice capability...
Tags: Business, News, Flipkart, Voice Assistant, Jeyandran Venugopal


Daily Crunch: IBM is getting out of facial recognition

IBM’s CEO takes a stand on mass surveillance, Apple may soon make a big chip announcement and Google Maps gets new features to help users navigate transit safely. Here’s your Daily Crunch for June 9, 2020. 1. IBM ends all facial recognition business as CEO calls out bias and inequality IBM CEO Arvind Krishna announced that the company would no longer sell facial recognition services, calling for a “national dialogue” on whether it should be used at all. He also voiced support for a new bill...
Tags: Apple, Google, TC, Mac, Tech, Walmart, Intel, Ibm, Google Maps, Flipkart, Krishna, Arvind Krishna, Daily Crunch, processors Now Bloomberg


Walmart’s Flipkart rolls out voice assistant to make shopping easier

Flipkart is rolling out a voice assistant feature to its platform to make it easier for consumers to shop as the Walmart-owned e-commerce giant looks to expand its reach in the nation. The AI-powered voice assistant currently supports grocery category, called Supermart, but a company spokesperson told TechCrunch that Flipkart will soon be extending it to other verticals. The feature began rolling out to Android users on Tuesday, and the company says it is working on bringing it to its iOS ...
Tags: Travel, Google, Amazon, Ecommerce, Apps, Asia, India, Walmart, New Delhi, Flipkart, Alexa, Bangalore Flipkart, Manish Kumar, General Merchandise and Furniture


Walmart-owned Flipkart introduces multilingual voice assistant for grocery shopping

Walmart-owned ecommerce giant Flipkart has introduced a voice assistant for grocery shopping in India. The AI assistant will be available only in the app’s grocery sub-section, Supermart, with support for English and Hindi. The company said its development team collected samples from across the country to understand pronunciations and variations in different languages. Flipkart is rolling out the feature for its Android app’s users starting today, with an iOS update coming later. Through this fe...
Tags: Startups, India, Walmart, Flipkart


Google and Walmart establish dominance in India’s mobile payments market as WhatsApp Pay struggles to launch

In India, it’s Google and Walmart-owned PhonePe that are racing neck-and-neck to be the top player in the mobile payments market, while Facebook remains mired in a regulatory maze for WhatsApp Pay’s rollout. In May, more than 75 million users transacted on Google Pay app, ahead of PhonePe’s 60 million users, people familiar with the companies’ figures told TechCrunch. More than 10 million users transact on SoftBank -backed Paytm’s app everyday, according to internal data seen by...
Tags: Google, Android, Facebook, Uber, Apps, Mark Zuckerberg, Asia, India, Softbank, Tech, Walmart, Whatsapp, Credit Suisse, Alipay, Payments, Zomato


Google and Walmart’s PhonePe establish dominance in India’s mobile payments market as WhatsApp Pay struggles to launch

In India, it’s Google and Walmart-owned PhonePe that are racing neck-and-neck to be the top player in the mobile payments market, while Facebook remains mired in a regulatory maze for WhatsApp Pay’s rollout. In May, more than 75 million users transacted on Google Pay app, ahead of Walmart -owned PhonePe’s 60 million users, and SoftBank -backed Paytm’s 30 million users, people familiar with the companies’ figures told TechCrunch. Google still lags Paytm’s reach with merchants, ...
Tags: Google, Android, Facebook, Uber, Apps, Mark Zuckerberg, Asia, India, Softbank, Tech, Walmart, Whatsapp, Credit Suisse, Alipay, Payments, Zomato


DPIIT rejects Flipkart’s proposal to enter into food retail biz: Reports

The Department for Promotion of Industry and Internal Trade (DPIIT) has rejected Flipkart’s proposal for entering the food retail sector, owing to a “regulatory issue”, news agency PTI reported. The DPIIT told Flipkart that it can not be allowed into the food retail business as an entity that runs a marketplace, or has equity in […] ...
Tags: Travel, News, E-commerce, Flipkart, PTI, FDI In E-Commerce, Press Note 2


Walmart's Flipkart to re-apply for food retail license in India

Walmart Inc's Indian e-commerce unit Flipkart said on Monday it would re-apply for a food retail license in India after reports said its earlier proposal was rejected by the government last week.
Tags: Money, India, Walmart, businessNews, Flipkart, Walmart Inc


India rejects Walmart-owned Flipkart’s proposed foray into food retail business

The Indian government has rejected Flipkart’s proposal to enter the food retail business in a setback for Walmart, which owns majority of the Indian e-commerce firm and which recently counted its business in Asia’s third-largest economy as one of the worst impacted by the global coronavirus pandemic. The Department for Promotion of Industry and Internal Trade (DPIIT), a wing of the nation’s Ministry of Commerce and Industry, told Flipkart, which competes with Amazon India, that its proposed p...
Tags: Amazon, Ecommerce, Asia, India, Tech, Walmart, New Delhi, Flipkart, Amazon India, Krishnamurthy, Ministry of Commerce and Industry, Kalyan Krishnamurthy Flipkart Group, Coronavirus, COVID-19, Covid19, Rajneesh Kumar


Tencent's $70 billion investment plan in cloud computing will pit it against US providers

Business Insider Intelligence and eMarketer are now Insider Intelligence, a digitally-focused research company from Insider Inc. Learn more about what we offer. This story was delivered to Business Insider Intelligence Connectivity & Tech Briefing subscribers earlier this morning. To get this story plus others to your inbox each day, hours before they're published on Business Insider, click here. Chinese tech giant Tencent unveiled a 5-year, 500 billion yuan ($70 billion) plan to invest in clo...
Tags: Indonesia, China, India, US, Trends, Alibaba, Gartner, Tencent, Aws, Flipkart, Reuters, China US, Business Insider Intelligence, Indonesia Indonesia, Microsoft Azure, Google Cloud