Saturday, April 20, 2024
Outlook India
Outlook Business

Flipkart News

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.

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

Its new apps like Flippi and SPOYL saw a 4X increase in engagement with 40 per cent of buyers in key categories interacted with immersive 3D and AR experiences before making their purchases

Selected start-ups will get an opportunity to deploy their solutions, collaborate closely with product teams, and run pilots with various business units

The move impacts around 4,500 employees in grade 10 and above