India’s online grocery retail market set to reach US$10.5bn by 2023

INDIA – Online food and grocery retail in India is estimated to hit US$10.5 billion or 1.2% of the overall market by 2023, according to a recent report released by consulting firm Redseer. Redseer forecasts […]

Flipkart establishes new entity FarmerMart to venture into India’s food retail sector

INDIA – Walmart-owned ecommerce company, Flipkart has formed a new entity – the Flipkart FarmerMart Pvt Ltd – as the company prepares to enter into the food retail business in India. The new entity will […]

Flipkart to eliminate single-use plastic in packaging by 2021

INDIA – Flipkart, the wholesale arm of the Walmart-owned e-Commerce marketplace in India, has announced that it plans to eliminate single-use plastic in packaging by March 2021. The e-commerce firm said it will move towards […]

Flipkart launches fund to support early stage startups in India

INDIA – The ecommerce company, Flipkart has announced a new fund to support growth and development of early stage startups in India. According to the firm, the fund targets companies working in areas related to […]

Flipkart CEO Binny Bansal resigns after personal misconduct investigation

INDIA – Walmart owned Flipkart’s Chief Executive Officer (CEO), Binny Bansal has resigned from the company following an investigation into an alleged ‘serious personal misconduct’. According to the US retail giant, Binny has strongly denied […]

Nestle launches noodles brand Maggi on Flipkart’s ecommerce platform in India

ASIA – Nestle India has launched its new Maggi Special Masala Noodles on Walmart-owned online platform Flipkart, solely available via ecommerce until it hits retail stores on August 31. Nestle’s new finely ground and whole […]

Competition Commission of India clears Walmart’s US$16bn Flipkart acquisition

INDIA- The Indian regulator has approved Walmart’s US$16 billion acquisition of India’s largest e-commerce firm Flipkart, its biggest takeover ever in a fast growing retail space. In May, Walmart announced the acquisition of 77% stake […]

Flipkart to close eBay.in as it plans to relaunch a new platform in India

INDIA – Flipkart, the Bengaluru based ecommerce company will from August 2018 shut down eBay.in, a business-to-consumer platform it had been operating for the last one year in partnership with eBay, reported ET Retail. Flipkart […]

Online grocery service Grofers to enter FMCG segment targeting US$364m in sales

INDIA – The Indian online grocery delivery service, Grofers has entered the fast moving consumer goods segment (FMCG) with a target to achieve more than US$364.7 million in revenue in the financial year 2019. The […]