Parent company reduces equity infusion in Flipkart marketplace to Rs 1,629 cr from Rs 5,456 cr a year earlier
During this October's festive sales bonanza, goods worth Rs 10,000 crore are likely to be sold, which is just Rs 1,000 crore more than last year.
Both Flipkart & Amazon India saw more than 3.73 mn units sold in the first 12 hours as compared to 3.1 mn shipments on special sale days in Oct 2015.
In its quest for numero uno status in India's etail war, Flipkart is transforming itself from within
Binny Bansal has infused fresh vigour into Flipkart with moves aimed at making it more efficient, strong enough to stand its ground against Amazon.
“We just wanted to grow faster. We also thought the team could do better as part of a larger ecosystem,” said Edukart’s founder Ishan Gupta
Sparse Labs has developed an Android-based mobile application which transmits delivery executives’ location to both the restaurant and the consumer in real time.
Bhalla had joined Uber in May from QwikCilver, a gifting card solutions company backed by Amazon and Russian telco Sistema.
Amazon Wholesale acts as a distributor of exclusive products like smartphones to merchants on its online marketplace Amazon India.
All three companies will look to garner a significant portion of their annual sale value during this period.
It will be a bloodbath online as Flipkart, Amazon and Snapdeal are primed for a mega clash as they roll out their flagship annual sales in the first week of October
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