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Flipkart and Myntra uncover fake product returns
Wed, Jan 17, 2018
The fledgling online fashion retailer was no match for the fraudulent ingenuity of the engineering students from Kanpur. The students would order branded clothes, stitch the labels on inferior locally made replicas, and claim a refund on the imitations citing bad fit.
Jabong targets 25 lakh shoppers, eight times increase in revenue with Big Brand Sale
Fri, Jul 28, 2017
Flipkart monthly sales higher than Amazon.in; crosses Rs 2600 crore in June
Wed, Jul 26, 2017
E-commerce websites Amazon and Flipkart that keep announcing sales round the clock have reported monthly sales higher than the other players in the industry; with the latter in the lead.
Myntra-Jabong CEO Ananth Narayanan on Marico's board
Wed, Jun 28, 2017
After Narayanan's appointment, Marico's board now has six independent directors besides chairman and non-executive director Harsh Mariwala, MD & CEO Saugata Gupta and two non- executive directors.
Flipkart in discussions with Microsoft, Tencent Holdings, eBay, others to raise $1.5 billion funding
Wed, Feb 22, 2017
Flipkart is in talks with Microsoft, Tencent Holdings, eBay and PayPal Holdings to raise $1.5 billion at a valuation of $10-12 billion.
49 e-commerce cos including Amazon India, Flipkart report over Rs 16,000 crore in losses; BookMyShow, Jabong, Olx India book profit
Tue, Feb 21, 2017
About 49 e-commerce companies in india have recorded over Rs 16,000 crore losses for the year to March 2015 on account of slowing economic growth, demonetisation, others.
Bata takes sub-brands route for connecting to youth
Sun, Jan 29, 2017
Present in India for over 80 years, shoemaker Bata is renewing focus on the young generation by lining up new launches in youth-oriented space through its sub-brands like Power and Weinbrenner even as the company is doubling advertising budget this year.
From $15 billion valuation to $5.5 billion; Flipkart faces hard times
Thu, Jan 26, 2017
Talking on downturn in valuation Siddharth Shahani, Executive Director, Indian School of Design & Innovation had told Zee Business, "Passion has taken the company so far, now experience is needed to take it to the next level. I think it is a natural transition that you see anywhere in the world. The first three years is passion driven, the next three years is system oriented driven.”
End of Reason Sale: Myntra plans to deliver 50 lakh products
Tue, Jan 03, 2017
Myntra's ‘biggest fashion sale of the country' which began on January 3 will last till January 5 and is the fifth edition of Myntra’s ‘End of Reason sale’ and has nearly 3.5 lakh products up for grabs at up to 80% discount.
Jabong targets 5 million shoppers with Myntra’s End of Reason sale
Fri, Dec 30, 2016
After its partnership with Myntra, Jabong on Friday said it will be targeting five times sales growth with over five million shoppers on its site.
Year in review: Consumer internet sector slows in 2016
Fri, Dec 30, 2016
Indian consumer internet sector comprising of cab aggregator platforms like Ola and Uber along with grocery and fashion e-commerce platforms slowed down in 2016.
Year of consolidation: Top five mergers and acquisitions in Indian businesses in 2016
Thu, Dec 29, 2016
From e-commerce space to the energy sector, India Inc 2016 saw a lot of mergers and acquisitions as companies changed gears to consolidate their businesses. Top five deals of the year are as follows: 1. Myntra & Jabong
Flipkart, Amazon to slug it out in fashion in 2017
Thu, Dec 29, 2016
"Amazon, which has been inking partnerships with a number of brands including Arrow, Swarovski and Aeropostale, is planning to introduce more private labels to create a solid identity in the online fashion segment that is largely ruled by Flipkart."
Good monsoon, better pay packets to boost online festive sales
Fri, Sep 30, 2016
In e-commerce, retailing is the second-largest and fastest-growing segment.
Start-ups in India are learning the art of pivoting but are they succeeding at it?
Fri, Sep 16, 2016
Many start-ups have transformed their business models in order to see what "sticks on the wall".
Online fashion company Jabong extends maternity leave to 6 months
Fri, Sep 02, 2016
Online fashion platform Jabong on Friday said it will now offer six months of maternity leave to its employees from the earlier practice of three months leave.
Flipkart, Snapdeal top management in merger talks: Sources
Wed, Aug 24, 2016
Flipkart, sources said, would benefit from payments-enabler FreeCharge, which is a part of Snapdeal.
After Amazon's Prime, Flipkart launches 'Flipkart Assured'
Mon, Aug 22, 2016
While Flipkart will ship orders above Rs 500 for free, Amazon Prime ships all the orders eligible under the 'Prime' service for free, with a one- or two-day delivery assurance.
Death by acquisition: Here's how ecommerce firms plan to kill competition
Wed, Aug 17, 2016
The ecommerce segment is going through a phase where top firms are getting rid of competition by way of acquisition and a few months later shutting it.
Flipkart lays off nearly 1000 employees
Fri, Jul 29, 2016
The top performers in the company will be awarded and will be promoted to the next growth level.