The company has raised USD 205 million from marquee investors including Accel, Chiratae Ventures, IFC, BCapital, Schroders, BII, Tiger Global and others
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Goyal raised concerns over the potential disruptions that could be caused for the 10 crore small retailers in India due to the growing race for the market share, marked by a 27 per cent growth rate per year
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Goyal pointed out Amazon’s business strategy and alleged that its investment in India has often been used to cover its business losses
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The move reportedly brings Flipkart in line with other quick commerce players, including Swiggy’s Instamart, Zomato’s Blinkit, and Zepto, all of which charge handling fees
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These strategic moves position Nykaa to further dominate India's rapidly growing beauty market
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According to Meesho's Smart Shopper Report, Home and Kitchen is capturing a growing share of customer wallets, with around 10 per cent dedicated to this category
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Spearheaded by Hari Menon, Co-Founder and CEO, and Rakshit Daga, Chief Product and Technology Officer of Bigbasket, BB Matrix offers next-generation solutions to enhance productivity and reduce costs
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Despite a slower growth in its physical retail business, impacted by elections and heatwaves across North India, the GMV growth is expected to align with the long-term beauty and personal care industry growth trajectory
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In July 2015, the company launched an online grocery store in Bengaluru, shortly after introducing a food delivery app in March of the same year. However, both services were discontinued within nine months, according to media reports.
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Flipkart highlighted three main reasons for the popularity of video commerce among the under-30 demographic in smaller cities: relatability, trust, ease of access, and interactivity. Direct-to-consumer (D2C) brands, sellers, and farmers also find significant value in video commerce offerings
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