Swiggy’s shareholder setback; Walmart’s Flipkart pushHappy Friday! Swiggy’s move to become an Indian-owned company hit a setback after the shareholder vote fell short. This and more in today’s...
VCs double down on high-growth bets as select startups ratchet up steep valuationsIndian mid-stage startups are seeing significant valuation surges despite a broader funding slowdown, indicating a concentrated pool of hig...
Travel fintech startup Scapia raises $40 million from Peak XV, existing investorsTravel-focused fintech Scapia, founded by ex-Flipkart executive Anil Goteti, raised $40 million in funding led by Peak XV Partners. The sta...
Travel fintech Scapia raises $23 million in round led by Elevation Capital, Binny Bansal’s Three State Ventures, othersThe new capital will be used to double down on the company’s growth, expand its customer base, onboard more banking partners, and strengthe...
Anil Goteti’s Scapia raises $9 million in seed capital from Matrix, Tanglin, Binny Bansal's fundScapia, a startup founded by Anil Goteti, a former senior executive at Flipkart, has raised $9 million (around Rs 73 crore) in its first ro...
Ex-Flipkart senior executive Goteti starts up again with travel fintech ScapiaThe app, aimed at those bitten by the travel bug, enables users to earn points that can be redeemed with Scapia coins for travel and hotel ...
Protonn shuts its business, returns $9 million to investorsProtonn could not find the right product-market fit and the founders did not agree to pivot its business model. It has completely shut oper...
Flipkart veteran Anil Goteti resigns as senior vice presidentGoteti started his career in 2012 as a director of the books and eBooks segment. He currently leads customer growth and monetization as sen...
Flipkart aims to reduce returns further by 10-15% this yearThe Bengaluru-based company has also reduced various charges like fixed fee, shipping fee and commissions for its sellers with effect from ...
Flipkart sets up new campus to consolidate offices in BengaluruFlipkart Head of Marketplace Anil Goteti said the company also took into consideration the views and ideas given by employees during the pl...
Flipkart tweaks seller policy; gets mixed reviews from merchantsSome sellers said the new policy changes will help with margins. However, other said such small-ticket sizes are not viable for doing busin...
Flipkart's products now available to global customersFlipkart has launched a global programme to allow its sellers to sell to customers globally in partnership with eBay.
Anil Goteti in charge of eBay IndiaeBay made a $500-million cash investment in Flipkart for an equity stake and sold its eBay.in business to Flipkart as part of a $1.4-billio...
Flipkart to foray into grocery segment; launches pilot projectFlipkart has undertaken a pilot programme in Bengaluru, aiming to foray into grocery segment and may expand it to other places across the c...
Flipkart lowers merchant fees to revive sales volumesThe company signalled that the reduced fees for doing business on India’s largest online marketplace could translate into lower prices for ...
Etailer adds 100 sellers to its smart fulfilment KartAim is to reduce delivery times for co's gold and silver category sellers
Flipkart’s GST programme to grant sellers a tax-friendly wish"We will provide our sellers technology solutions for ease of compliance,” said Anil Goteti, vice president and head of marketplace at Flip...