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Flipkart FY22 losses widened to over Rs 7,800 crore
The loss reported by Flipkart Internet, which includes business-to-consumer platforms online, increased to Rs 4,399 crore in FY22 from Rs 2,907 crore in FY21.
Flipkart’s FY22 loss widens by 51% to Rs 4,362 crore, while revenue increases by 31%
Comparing FY21 to FY22, Flipkart Internet's overall expenses increased by 36% to Rs 15,020 crore.
Paytm joins forces with Flipkart as a payments partner for Big Billion Days in 2022
Paytm is providing cashbacks on payments made using Paytm Wallet and Paytm UPI as a result of this agreement.
Flipkart gets major backlash from angry netizens over SSR shirt; Here’s why
Flipkart is facing the wrath of angry netizens over its SSR T-shirt on its platform showing the late actor's mental health issues on a graphic t-shirt.. Check all details regarding this incident.
China’s Tencent buys Rs. 2,060 crore stake in Flipkart
Tencent has purchased a $264 million (approximately Rs 2,060 crore) stake in Flipkart from its co-founder Binny Bansal via its European subsidiary.
Flipkart boosts IPO valuation to $60-70 billion, plans to list in 2023
Flipkart has boosted its IPO valuation aim by approximately a third to $60-70 billion, and now plans to list in the United States in 2023 rather than this year, according to two sources with direct knowledge of the plan.
Purplle.com raises $65 million in latest funding round
Six months ago, the company had secured $45 million funding supported by Verlinvest, Blume Ventures, JSW Ventures, and first-time investor Sequoia Capital India.
Premji Invest becomes marquee investor for Tanla Platforms Ltd
The Hyderabad-based company has newly recorded a 67% year-on-year growth in net profit at ₹136 crores, while income from services increased 44% year-over-year to ₹841 crores.
Nandita Sinha to be the new CEO of Myntra
This arrives after Myntra’s CEO Amar Nagaram stepped down after serving as chief executive for almost three years. Nagaram was appointed as CEO in January 2019, will now serve within the advisory capacity.
Reliance Retail set to start online business in cosmetics
India’s beauty and personal care business, including physical and online stores, is estimated at $14-15 billion and is expected to increase at a compound annual growth rate (CAGR) of 8 per cent across the next five year.
Walmart CEO says India is among top markets in world with US, China
The statement comes at a time when the Walmart-owned e-commerce giant Flipkart is facing multiple challenges in the country.
Flipkart’s new facilities in Maharashtra to generate 4,000 jobs
The extension would assist Flipkart with contending Amazon, Reliance's JioMart, and Tata-possessed BigBasket.
Flipkart establish 4 fulfilment, sortation centres situated in Maharashtra
Besides growing customer demand, this augmentation comes from the side of a growing seller count from the state which reached 30% in the past year.
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