Flipkart Internet, responsible for Flipkart’s online marketplace, has just gained one of its highest value capital infusions to date as its Singapore-based parent company invested Rs 3,460 crore for the sale season.
Zalando , Europe's biggest pure online fashion retailer, cut its 2018 guidance for a second time in as many months, saying the unusually hot summer and a delayed switch to the fall/winter season weighed on revenue.
Farfetch will complete by the end of this week its much-anticipated initial public offering (IPO) on the New York Stock Exchange with a valuation of up to $4.8 billion if investors pile in to buy its shares.
Amazon is expanding its fashion offer as it targets top spot in apparel globally with the company making its first entry into the activewear market, via the launch of its Aurique own-brand on Tuesday.
Flipkart unit is in talks to buy a stake in Star India’s video streaming service Hotstar, the Mint daily reported on Monday, stepping up the e-commerce firm’s battle with Amazon.com Inc by expanding into video content.
Grocery startups BigBasket and Grofers are reported to be subject to a possible merger as the businesses’ respective investors look to team up to combat the threat from the Walmart-owned e-commerce giant, Flipkart.
About 20 million people are likely to shop on e-commerce platforms during the festive sale period in October, resulting in sales of $3 billion for firms like Amazon and Flipkart, says a report by RedSeer Consulting.