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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This leadership shift follows the departure of Arief Mohamad, who is leaving after nine years with Flipkart. Sinha has been with Myntra since January 2022
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According to media reports, Accel, holding about 17 per cent stake, intends to sell over 5 million shares, while Blackbuck's co-founders are set to collectively sell 3.9 million shares
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Synthetic data provides ease and convenience with respect to various industrial tasks such as product development, benchmarking and more
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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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