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FLIPKART DIVERSIFICATION PLANS
Razorpay eyes omnichannel focus for offline push: sourcesOnline payments firm Razorpay has scaled back its offline expansion plans due to sluggish growth in the vertical. Following its Ezetap acqu...- SC dismisses Tiger's tax shield; H-1B holders strandedThe Supreme Court has upheld a Rs 14,500-crore tax demand on Tiger Global. This and more in today's ETtech Top 5.
- Videotex aims Rs 1,000 cr revenue in 4 years, to expand capacity to roll out up to 3.2 mn unitsVideotex plans to become a Rs 1,000-crore company in four years. They will increase capacity and diversify into the appliances segment. The...
- India's e-commerce battlefield gets ready for bloody warsSwiggy's successful IPO, raising over Rs 10,000 crore, signals a surge in investment for quick commerce. This influx of capital is fueling ...
- What’s cooking at Swiggy, Zomato? New business recipesThe gambit by the two fierce competitors—which have battled each other for over a decade—comes even as they take on the might of ecommerce ...
- Stock brokers push lending; InsuranceDekho’s latest acquisitionHappy Tuesday! Tech-first broking companies are looking to diversify into the credit business to build a larger financial services play. Th...
- Meesho joins carts queued up at credit, grocery countersEcommerce company Meesho wants to start a credit marketplace where borrowers will be sourced on behalf of its lending partners — banks and ...
- It cost PhonePe Rs 8,000 crore to come to India, says Sameer NigamNigam said the company faced several challenges during its shift from Singapore to India last October as Indian law poses “certain obstacle...
- Fidelity may lead Meesho's new $550-600M round taking valuation up to $5BRival DealShare also closing new financing at $1.5–1.8 billion valuation as social commerce players attract big investments
- Passive vs active vs international mutual fund: Which is the best option?Returns from international equity funds were, at best, subject to 20% tax after indexation. This gap has now closed because domestic equity...
- Flipkart acquires Cleartrip as part of its diversification driveThe Flipkart-Cleartrip deal comes at a time when Flipkart and Amazon are aggressively pushing hotel and travel bookings on their sites as t...
- Meesho's diversification plan pits it against Amazon, FlipkartSocial commerce platform Meesho wants to diversify its business model to target 100 million small businesses, a hitherto untapped yet lucra...
- OnePlus investing Rs 100 crore to build offline network in India; launches 8T smartphoneChina's OnePlus currently has 5000 points of sales, including larger modern trade retail shops through 14-15 partners like Reliance Digital...
- Rs 20 insurance to help Indian payment firm double revenueMobiKwik offers personal loans of Rs 2,000- Rs 100,000 at interest rates of 20-28% over three to 12 months.
- Tencent looks for early-stage startup bets, likely to invest $5-15 millionTencent will continue to place large strategic bets on mature Indian ventures as it looks to pick up significant minority stakes in market ...
- Snapdeal sees all the deals are in services nowSnapdeal, which is aiming to build much higher user engagement with services, had been over the last few months piloting integration of ser...
- Flipkart to say no to commission and yes to paid adsFlipkart is firming plans to phase out the commissions it charges merchants for selling on its online marketplace, hoping to enlist more of...
- Flipkart in advanced talks with MakeMyTrip to launch a ticketing platformThe services segment that includes travel bookings, mobile recharge and bill payments is emerging as a crucial growth front for online reta...
- Flipkart identifies 3 new high-margin revenue streams - online advertising, brand consulting, furnitureFlipkart will soon offer online advertising and brand consulting for vendors using its electronic marketplace, its diversification into fee...
- Flipkart shows how India has moved into the big league as far as raising money is concernedWith Flipkart’s success in raising this round, we can no longer give lack of capital as an excuse for businesses failing to take off.
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