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Flipkart losses widened to over Rs 7,800 crore in FY22

The loss is based on performance of its business-to-business unit Flipkart India and B2C e-commerce unit Flipkart Internet, according to regulatory filings New Delhi: E-commerce major Flipkart’s losses widened to over Rs 7,800 crore in the financial year 2021-22 based on...

Flipkart’s net loss in FY22 up by 51% to Rs 4,362 even as the company’s revenue jumped 31%

Flipkart’s subsidiary Myntra’s loss went up by 46% in 2021-22. New Delhi: Flipkart Internet Pvt Ltd’s net loss has gone up by 51% to Rs 4,362 crore for the fiscal year ending March 2022 compared to a year earlier. However, Flipkart Internet,...

Flipkart’s Shopsy proffers year-round value shopping to women via new TVC

Flipkart-owned online value retailing platform Shopsy has launched its latest television campaign featuring Bollywood actor Sara Ali Khan, targeting women in the country’s smaller cities and towns. With this campaign, ‘Aaj Shopsy Kiya Kya?’, the e-commerce company is looking...

Flipkart eyes 2X growth via ‘Pay Later’

Flipkart, India’s favourite homegrown e-commerce marketplace is aiming to expand its ‘Flipkart Pay Later’ credit offering and is expecting a 2x growth piggybacking on this, by the end of this year. This credit offering has already brought a good...

Flipkart & Adani Group’s Strategic Collaboration: Key takeaways for India’s e-commerce logistics infrastructure

The e-commerce market is heating up in India as the country is one of the biggest consumer markets globally, ranked behind America and China. The Indian e-commerce logistics market is flourishing due to an increase in internet penetration, rise...

Flipkart launches grocery services in Pune amid COVID-19 lockdown

At a time when Maharashtra has imposed stringent restrictions on e-commerce deliveries, Flipkart has launched grocery services in Pune. The e-commerce major says it can deliver up to 6,000 orders per day, as per an ET report. "Grocery continues to be one of the fastest-growing categories for...

FMCG firms assure uninterrupted supply amid pandemic-induced curfew

Essential food items are fast disappearing from retail shelves, as well as e-commerce platforms with supplies getting disrupted in some parts of the country due to the recent Covid-induced restrictions. Night curfews and a weekend lockdown implemented in many cities,...

New-age open footwear startup Solethreads raises Rs 13 cr in series A funding

Solethreads, a youth-centric open footwear brand, has announced the completion of its 13 Cr Series A round of funding. The round saw participation from leading VCs DSG Consumer Partners and Saama Capital. Solethreads is an innovative, digital-first brand that...

E-commerce firms step up efforts to protect associates, ensure deliveries: Report

With night curfews and weekend lockdowns driving bigger orders for e-commerce companies, these online platforms are stepping up efforts to protect their associates, including delivery staff, and ensure safe delivery of orders to customers. According to senior executives in...

Past lessons handy as e-comm firms assure smooth deliveries in lockdown

E-commerce companies have said they are well prepared and working closely with delivery partners to ensure smooth and safe delivery of packages in Maharashtra where the government has announced a slew of restrictions, including night curfews and weekend lockdown to...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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