Flipkart
How e-Commerce Giants Kicked Off The 2024 Festive Season
Flipkart recorded 330 million visits during early access and day 1, Amazon recorded 110 million customer visits within the first 48 hours of its sale, Meesho stated 65 million visitors and Myntra enjoyed 120 million visitors during the same period.
Former Cleartrip CEO Ayyappan R Eyes Quick Commerce with FirstClub
After stepping down as Cleartrip's CEO earlier this year, Ayyappan brings his expertise from leading positions at Flipkart, including his role as chief business officer at Myntra.
Flipkart Extends Its Quick Commerce Arm in Bengaluru
Flipkart has recently launched a quick commerce vertical called 'Minutes', exclusive to Bengaluru
Incuspaze Secures USD 8 Mn in Maiden Funding to Expand Workspace Solutions
The raised capital will beef up Incuspaze's capabilities to provide top-tier workspace solutions to enterprises, MSMEs, and startups.
Honestly, MyPickup, and Protonas Raise Early-Stage Funding
The startups listed below have disclosed investment rounds.
RENEE Cosmetics Raises INR 100 Cr in Series B Round
Through all rounds to date, the Ahmedabad-based beauty brand has raised about USD 45 million in total.
Top Funding Highlights: Startups of the Week [May 24–31]
The startups with the highest funding raised this week, from May 24 to May 31, are listed below. A quick rundown of them is as follows:
Zypp Electric Raises USD 15 Mn in Series C led by ENEOS
The Gurugram-based platform aims to deploy the raised funds to expand its fleet from 21,000 to 200k electric scooters and extend its services to 15 cities across India by 2026.
Walmart-owned Flipkart Gets $350 Million Investment From Google
Reportedly, Google's proposed investment and Cloud collaboration would help expand Flipkart's business and advance the modernization of its digital infrastructure
Shadowfax Secures USD 100 Mn in Series E Led by TPG NewQuest
The Bengaluru-based startup aims to utilise the raised funds to reinforce its middle-mile network and extend its last-mile delivery services to cover all 20,000 pin codes across India.
Flipkart to Lay off Around 1,500 Employees by March-April
Flipkart has been practicing workforce reduction over the last two appraisal cycles. It also paused the hiring of freshers over the last year. All this is being done to control and manage expenses
How Continuous Experimentation Has Kept this E-commerce Giant Ahead of the Curve
How do Ravi Krishnan and his team at Flipkart Labs assess what to toy and experiment with among 80+ product categories? They focus on core customer needs, consumer understanding, and category understanding
Flipkart To Invest $20 Million For In-House Credit Marketplace Startup
The project is led by senior VP Prakash Sikaria, who also leads Flipkart's social commerce platform Shopsy
Walmart Buys Tiger Global's Stake In Flipkart: Report
It has reportedly paid $1.4 billion for the stake
Flipkart To Payout $700 Million To Esop Holders After PhonePe Split: Report
As per the report, the payouts for the ESOP buyback will be made by July 31 and the communication regarding the same was made to the employees previously