ANS Commerce Operations Ends After 3 Yrs of Acquisition
Walmart-backed e-commerce giant Flipkart ended the operations of ANS Commerce, which it acquired in 2022. This Gurugram-based unit was acquired for ₹300 crore. “After careful consideration, ANS Commerce, a full-stack e-commerce enabler acquired by Flipkart in 2022, has decided to close its operations. As we wind down operations, we stay committed to ensuring a smooth…
Shipra Prajapati
ED Raids Amazon And Flipkart Sellers, But Why?
Recently, the Enforcement Directorate (ED) conducted a raid on 19 premises of the main sellers of Amazon and Flipkart. The names of the vendors are yet to be revealed. These raids were administered in Delhi, Bengaluru, Mumbai, Hyderabad, and Panchkula of Haryana. Multiple complaints were received about both e-commerce platforms violating India’s FDI (Foreign Direct…
ABHYUDAYA MITTAL
E-commerce Giants Rally Behind Anti-Fake Review Policy
As per the Times of India, the number of consumer complaints about e-commerce platforms skyrocketed from 95,270 in 2018 to a staggering 4,44,034 in 2023. According to the survey conducted by LocalCircles, approximately 56% of online shoppers mentioned that the reviews and ratings on various e-commerce apps and websites are positively biased. The survey also…
Chandan Kumar
Flipkart Valuation Drops By $5 Billion In Past 2 Years
According to the equity transactions of its parent company, Walmart, one of India’s biggest e-commerce platforms, Flipkart, has lost around $5 billion in the last 2 years. The company’s valuation fell from $40 billion in 2022 to $35 billion in 2024. Experts say the decline can be attributed to the demerger of fintech PhonePe, which…
Flipkart Business Model: How Does the Company Work?
Who does not know about Flipkart? One of the biggest e-commerce companies in the world, Flipkart has become a go-to option for shopping after Amazon. Founded by two colleagues cum friends, Sachin Bansal and Binny Bansal, Flipkart has emerged as a trailblazer in the e-commerce industry. Flipkart business model was designed to transform the way…
Vipin
Case Study On Walmart: The Story of The Retail Giant
You must have heard of Walmart at least once in your lifetime. Walmart is the biggest retail store chain in the world and has been in the business since 1962. But just how big is Walmart and how did it get to where it is today? In this case study on Walmart, we will take…
abhinav singh
Walmart Purchased Tiger Global stake Worth $1.4 Billion in Flipkart
Walmart Inc., an American multinational retail corporation, has made its move to India as it’s reported by the Wall Street Journal on Sunday (July 30, 2023) that the company has purchased a major stake in Flipkart, one of India’s most popular e-commerce firms. It is also reported that the brand has made a payment of…
Yash Sharma
Amazon, Flipkart Get Notice For Selling Unlicensed Drugs
Including Amazon and Flipkart, the Drug Controller General Of India (DCGI) has issued a notice to 20 online sellers for selling drugs without a license. The notice stated the DCGI had forwarded the order to all state and Union Territories in May, then in November 2019, and again on February 3 for necessary actions and…
An Inspiring Flipkart Startup Story To Motivate YouthÂ
Flipkart Big Billion Days Sale! Flipkart End of Season Sale! These are some taglines that you often read or hear whenever you come across social media. Do these words excite you? If you are a shopaholic or prefer online purchasing, you must wait for the season sale on Flipkart to buy needful items. Behind the…
Out Of 100 India’s Unicorns, Only 18 Have Yielded Profit
Google-backed neobank Open became the 100th unicorn of India with a $1 billion valuation. There are a total of 100 unicorns in India, including Mamaearth, EaseMyTrip, Ola, and Flipkart to name a few. But how many of these are profitable? According to the statistics from the media portal, only 18 unicorns have achieved profitability. Reports…
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