eBay's service to deliver everything on the same day is officially dead
eBay has officially shut down eBay Now, a same-day delivery service that allowed online shoppers to have everything delivered the same day.
Flipkart to invest in new business like PhonePe
There was a huge opportunity on the payments side because a large chunk of business comes fro...
eBay India to focus on mobile Internet users
With the number of mobile Internet users in the country growing, eBay India plans to focus more ...
Armed with Rs 9,000 crore, Flipkart eyeing new businesses to take on Alibaba and Amazon
Its plans to turn profitable in specific categories comes at a time when it faces Amazon’s $5-bn war chest in India, as well as looming threat of Alibaba’s entry.
Target for our core is to get to free cash-flow positive: Flipkart CEO Binny Bansal
"We have focused a lot, in the past 12-15 months, on improving costs and margins, reducing burn rate, and improving working capital," Binny Bansal said.
Latest funds will be used to make profits, shave off burn, says Flipkart investor
Asked how difficult it was for Flipkart to get investors on board when the valuation of the company had been lowered for now, Mitra said it was a difficult call, but was not an impossible task and happened quickly.
Flipkart rolls along the bumpy aisle
Founded by IIT-Delhi graduates Sachin Bansal and Binny Bansal, the Bengaluru startup has grown to become India's largest online retailer soaking in $4.6 billion in funding.
Flipkart plans to use artificial intelligence and make online purchase akin to offline buying experience
Flipkart’s AI project represents an effort at addressing complexities at scale but specifically for Indian shoppers still coming to grips with buying online.
Ola Money can now be used across ecommerce platforms including eBay, YepMe, AskmeBazaar
With millions of customers on its platform, Ola Money is already one of the top mobile wallets in the country by average size of wallet.
Uber diversity recruiting hampered by lack of leadership, funds
The recruiting arm assigns some members to focus on hiring diverse candidates, an initiative that has received enthusiastic endorsements from Uber Chief Executive Officer Travis Kalanick.
eBay India is not in the race for burning cash: Latif Nathani
“If the competition is to see who can burn cash as fast as possible, then eBay India is not part of that kind of competition, says
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