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Amazon and Flipkart are accused of directly or indirectly influencing the sale prices of goods and services, and not providing a level playing field for all vendors
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The IPO discussions follow a recent Series E funding round, where Shadowfax raised USD 50 million at a Rs 3,000 crore valuation
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It will deliver electronics, smartphones, and other items within 10-15 minutes , faster than its previous attempt of 90 minutes under Flipkart quick.
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This launch comes 18 months after Flipkart and PhonePe, India’s leading UPI app with nearly 50% market share, parted ways. Reports suggest that Flipkart is in discussions to raise USD 20 million for Super.Money.
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Flipkart is undergoing a broader reshuffle ahead of its proposed IPO, with several new executives joining and others leaving
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