Flipkart to start selling food through FarmerMart
In India, consumers spend about $500 bn on groceries annually. FarmerMart, with an authorised equity capital of Rs 1,845 crore, will sell items produced locally. Sales will initially be online, although the company can also sell through physical stores.
Flipkart two key units losses up 69%, revenue up 43%
Separately, Flipkart Internet, the India unit which runs the company’s marketplace busin...
Flipkart to foray into food retail with new entity
The entity is set to apply for a food retail license and has received board approval for t...
Flipkart piloting fresh fruits & vegetables delivery in Hyderabad
In December, Flipkart and its US-based parent jointly invested an undisclosed sum in Ninjacart, a fresh produce supply chain startup.
Walmart India lets go of top executives across divisions
Walmart announced layoffs across sourcing, agri-biz & FMCG divisions. More people will have to leave later.
Flipkart unit’s losses rise 40% to Rs 1,624 crore
The unit saw operating revenues increase by 51% to Rs 4,234 crore during the year as compared to FY18, according to filings obtained from the corporate affairs ministry.
Amazon, Flipkart will take at least a year to build supply chain capabilities: BigBasket's Hari Menon
“This is very good for the sector and how modern trade grew and opened up a new way to shop,” Menon said, adding that as grocery extends beyond the high socioeconomic classes towards the midsection, the market will expand.
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