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FLIPKART EMI CONTRIBUTION
Festive demand on easy finance: Samsung, Vivo, Xiaomi and others stretch EMIs to 30 months, bear interest costsSmartphone and consumer electronics manufacturers are extending EMI options to as long as 30 months. This move aims to cushion consumers fr...- High prices this sale season is a done deal, but that's only half the storyFor retailers, the festive strategy this year will shift from outright price cuts towards a combination of financing, product redesign, wid...
- Amazon, Flipkart festive offers give a massive push in e-retail salesE-commerce platforms in India are expected to have made over Rs 29,000 crore in sales during the first four days of the festive sale period...
- We need more modern banks to build an advanced economy: Sachin BansalFlipkart founder keen to take his financial services co public this fiscal year; getting banking licence remains long-term ambition; NBFC a...
- Returning to pre-COVID times: Gen-Z, millennials turn big spenders during festivitiesWhile 74% transactions took place digitally, a mere 26% happened offline.
- EMI purchases on cards go up with consumers buying even low priced items on financeTightening liquidity have made consumers avoid cash purchases due to stress in income across households.
- Credit goes to buyers for lifting festive sentimentCredit-funded buys touch a record of about 75% for consumer durables, 55-60% for smartphones.
- Flipkart has $60-100 million to back early-stage firmsFund to make strategic investments in startups across SaaS, fintech and supply chain.
- Premium phones to call the shots this e-commerce sale seasonThe smartphone category usually accounts for a majority of the sales during Amazon and Flipkart’s flagship festive season sales events.
- Flipkart looks to deliver large appliances the very next dayFor this, the Walmart-owned company has beefed up its backend supply-chain processes to deliver orders within 24 hours in six cities, inclu...
- Ten years on, here's what flipped the fate of FlipkartIts unique approach has enabled it to tick off significant milestones in its decade-long journey - be it cinching critical partnerships or ...
- Flipkart vs Amazon: Large appliances to drive festive salesAffordability products are expected to boost the sales of large appliances during the festive season, according to RedSeer Consulting.
- Indians begin to buy premium electronics onlineAverage billing size for television sets sold online has gone up by 50%, while for appliances and smartphones it has increased by up to 20%.
- Flipkart & Amazon brace up for mid-year mega sales battleIndustry executives said the upcoming sales will be a scaled-down versions of their marquee festive event, when consumers are offered heavy...
- Flipkart and Amazon plan mega summer sales in MayThe two marketplaces started stocking up for the sale last week and have purchased 70-80% of what they typically procure for their festive ...
- Xiaomi is in advanced talks to pick up stake in ZestMoneyThis would be the second investment by Xiaomi in the fintech space, after having backed student-focused lending player Krazybee last year.
- Discounts on smartphones and TVs boost ecommerce sale in 2017A Flipkart spokesperson said the marketplace grew 100% in televisions and large appliances, while in smartphones the growth was 70% last ye...
- Flipkart mobile app reaches 100 million downloads milestoneThe app has experienced an organic month-on-month growth since 2016 and managed to double its downloads to 100 million over the last 20 mon...
- Flipkart, Amazon to battle it out over smartphone sales this festive seasonFlipkart plans to quadruple smartphone sales clocked by others and main competitor Amazon aims to cross annual growth rate of more than 100...
- Flipkart to offer buyback guarantee on smartphones during Big10 saleUnder the Buyback Guarantee program, Flipkart promises to buy smartphone back at the value agreed on ensuring maximum returns for the custo...
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