Thursday, June 13, 2024
Outlook.com
Outlook India
Outlook Business

Flipkart

The company claimed that the centre will generate more than 700 direct and indirect local job opportunities while providing nationwide market entry for thousands of local sellers, MSMEs, and small-scale farmers in the region. 

More than 80% of the participating suppliers were shortlisted to move to the next round with the potential to join the Walmart Marketplace

At the Walmart Growth Summit, Flipkart CEO Kalyan Krishnamurthy revealed that the company plans to transition its delivery fleet to electric vehicles by 2030.

After Walmart acquired a majority stake in Flipkart, co-founder Binny Bansal has formally stepped down from the e-commerce giant's board. Binny, who sold his remaining stake to Walmart, has initiated a new start-up called OppDoor.

Industry experts believe that a robust India stack comprising UPI riding on economical and accessible internet, as well as democratising ONDC, could accelerate the online transition of offline retail businesses.

Dedicated service centers will cater to the diverse needs of customers using Apple products in Srinagar and Chennai

Walmart-owned Flipkart has also stopped hiring new workforce to optimise its business operations

According to reports, this is not a pre-IPO round and preparations are being made to raise another fund in the next year.

The report added that the shoppers spent an average of seven hours on the homegrown e-commerce marketplace this year

The MoU aims to enable national market access for women self-help groups from the Northeastern States