The Confederation of All India Traders held its latest protest against US-owned Amazon and Flipkart in Jantar Mantar, New Delhi, on December 12 and asked the government not to “collude” with the businesses.
SoftBank-backed online supermarket Grofers, as part of its ongoing expansion plans, has expanded its services to 27 new cities in the country. The company previously had its presence in 14 Indian cities.
Fair trade regulatory body the Competition Commission of India is considering issuing a “soft advisory” to e-commerce businesses operating in India in a bid to increase transparency through self-regulation.
The e-commerce sales of fast-moving consumer goods (FMCG) is expected to touch $4 billion (Rs 2,852 crore) by 2022 contributing 5 percent to the overall sales in the country, according to a report by Nielsen.
Flipkart’s wholesale business Flipkart India has received Rs 2,839 crore ($426.7 million) in funding from its Singapore-based parent company Flipkart Limited as it prepares for its last sale season of the year.