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News on Medial
Flipkart merges tech and product ops of travel and epharmacy biz
Economic Times
·
1y ago
Medial
Flipkart has merged the technology and product roles of its new businesses, Cleartrip and Flipkart Health Plus, into its core commerce team to streamline operations. This integration has taken place ahead of Flipkart's flagship festive season sale, BigBillionDays, which is anticipated to start on October 7 or 8. Cleartrip and Flipkart Health Plus are experiencing fast growth, and Flipkart aims to have a linear structure across all its businesses. Tech initiatives, like the shopping assistant Flippi, are being implemented across the company's various ventures.
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Related News
Travel planning platform Holidify merges with TripCrafters
IndianStartupNews
·
1y ago
Medial
Travel planning platforms Holidify and TripCrafters have merged, with TripCrafters becoming a wholly-owned subsidiary of Holidify. Despite the merger, TripCrafters will retain its independent brand identity and focus on aiding travel agents to expand their businesses. Holidify offers diverse services such as holiday packages and travel guides, collaborating with online travel agencies (OTAs), while TripCrafters connects travelers with over 3,000 specialized travel agents for package bookings. The merged entity aims to compete with established players like MakeMyTrip and EaseMyTrip in the curated holiday market. Both Holidify and TripCrafters have achieved profitability without external funding, projecting a significant increase in annual revenue.
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Flipkart Expands Travel Offerings With Bus Booking Services
Inc42
·
1y ago
Medial
E-commerce giant Flipkart has expanded its offerings in the travel space by introducing bus services on its platform. Through partnerships with state transport corporations and private aggregators, Flipkart will provide customers with access to 1 million bus connections covering over 25,000 routes across India. This move further enhances Flipkart's positioning as a one-stop destination for consumer needs, including travel. The company aims to cater to the increasing demand for inter-city travel and to serve customers in tier-II and III markets. This announcement follows cleartrip's recent launch of Out of Office, its corporate travel product.
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Flipkart names Anuj Rathi as Cleartrip CEO
Economic Times
·
1y ago
Medial
Anuj Rathi has been appointed as the new CEO of Cleartrip, the travel booking unit of Flipkart. Rathi previously worked at Flipkart and most recently served as the chief product and marketing officer at Jupiter. Meanwhile, Prabh Simran Singh, senior vice president of customer growth and retention, marketing and ads, and Sankalp Mehrotra, vice president of monetization, are expected to leave Flipkart. The company has been experiencing a series of senior management changes recently, as it focuses on profitability and prepares for a possible IPO.
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Cleartrip appoints Anuj Rathi as chief business and growth officer
Economic Times
·
1y ago
Medial
Anuj Rathi has been appointed as the Chief Business and Growth Officer of Flipkart's travel booking unit, Cleartrip. Rathi, a former Flipkart executive, was most recently the Chief Product and Marketing Officer at fintech firm Jupiter. He replaces Ayyappan R, who left earlier this year. Cleartrip had been without a CEO since Ayyappan's departure. Rathi expressed eagerness to immerse himself in the travel industry and work closely with the Cleartrip team. This appointment is part of a series of top-level changes at Flipkart as the company focuses on profitability and prepares for a possible public listing.
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Flipkart Ventures and DPIIT launch Flipkart Tourism Challenge
YourStory
·
3m ago
Medial
Flipkart Ventures, in collaboration with DPIIT, has launched the Flipkart Tourism Challenge, part of India’s Startup India initiative. The program seeks innovative travel-tech solutions to enhance traveler experiences, focusing on areas like AI-enabled pricing tools and tech-integrated experiences. Open to DPIIT-recognised startups and Indian companies, the challenge aims to foster technology-driven solutions. Winners receive mentorship, prize money, and potential integration with Flipkart’s ecosystem, supporting the growth of India’s digital economy and startup landscape.
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Flipkart-Owned Cleartrip Enters Corporate Travel Space With Out Of Office Launch
Inc42
·
1y ago
Medial
Cleartrip, the online travel aggregator owned by Flipkart, has launched a new product called "Out of Office" (OOO), marking its entry into the corporate travel sector. OOO is a corporate travel booking tool designed for small, medium, and large enterprises. It aims to provide an end-to-end travel experience, user-friendly interface, policy adherence, and cost-effectiveness. Cleartrip claims to handle a monthly business volume of INR 20 Cr and has 300 SMEs and 10 large corporations as active users. The platform's early adopters include The Federal Bank, Sify Technologies, MGM Healthcare, Sterlite Power Transmission Ltd, and ACC Limited.
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CAIT’s Praveen Khandelwal Urges Govt To 'Suspend' Flipkart & Amazon Ops
Inc42
·
11m ago
Medial
The Confederation of All India Traders (CAIT) Secretary-General, Praveen Khandelwal, plans to meet with Union Commerce Minister Piyush Goyal to discuss suspending the operations of Amazon India and Flipkart. Khandelwal highlighted that the practices of these e-commerce platforms are severely harming the manufacturing industry. The Competition Commission of India (CCI) has recently found Amazon India and Flipkart guilty of violating antitrust regulations by favoring specific sellers and listings.
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Flipkart sets sight on quick commerce ops expansion
Economic Times
·
8m ago
Medial
Walmart-owned Flipkart is planning to expand its quick commerce operations, responding to growing demand for faster deliveries. The ecommerce giant is piloting its quick commerce service, called 'Minutes', in cities like Bengaluru, Mumbai, and Delhi NCR. Flipkart is aiming to compete with popular delivery platforms such as Blinkit, Swiggy Instamart, Zepto, and BigBasket. The quick commerce market is expected to reach $40 billion by 2030. Flipkart's chief corporate affairs officer, Rajneesh Kumar, highlighted the potential of India's ecommerce market, which currently accounts for only 7% of the total retail market in the country.
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'Quick commerce ops not hurting beauty biz, its aiding personal care'
Economic Times
·
2m ago
Medial
Nykaa is cautiously approaching quick commerce, recognizing its beauty category isn't suited for rapid delivery, though personal care is gaining traction. Nykaa Now is curated separately for quick commerce. Despite the rapid expansion of rivals into beauty, Nykaa's beauty business has maintained strong growth. Nykaa's parent company reported rising profits and revenues, driven by beauty and personal care. The fashion segment is growing slower, but still outpacing industry growth, with a distinct positioning from fast-fashion competitors.
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Spiritual startup My Tirth India shuts down ops due to lack of funds
Entrackr
·
11m ago
Medial
Spiritual tech startup My Tirth India announced on Monday that it is shutting down operations due to a funding crisis. This news comes as a surprise, given that spiritual tech has emerged as one of the hottest sectors, even though the funding environment has been tight for others. In the past 15 months, over a dozen startups in the spiritual tech space have mopped up more than $40 million. My Tirth India is a pilgrimage and darshan site which used to enable tours to India’s top religious destinations by bringing temples, priests, hotels, travel agents, astrologers, ayurveda, and yoga to one platform. “..we have tried to generate as much employment as possible across cities, villages and towns encouraging people to rediscover their culture, traditions and heritage. But it’s with utter sadness that we finally have to shut down the office due to the lack of funds after the unfortunate demise of our principal shareholder and mentor,” said Indraneel Dasgupta, co-founder and CEO of My Tirth India. According to My Tirth India, it raised nearly $1 million from the late Subrata Roy who was the company’s principal shareholder and mentor. Roy was the founder and managing director of Sahara India Pariwar. Currently, singer Anup Jalota is My Tirth India’s chief mentor. Founded in 2019, the firm also launched spiritual membership programmes for travelers, and spiritual showrooms in cities like Lucknow, Varanasi, Kolkata, Noida, and spiritual products like agarbatti, dhoop, puja samagri, havan samagri, and idol, among others. According to industry reports, the Indian travel industry accounts for 10% of the country’s GDP. About 65% to 70% of the entire volume is contributed by spiritual tourism. As per data compiled by TheKredible, astro and spiritual tech startups have rmore than $40 million in the past 15 months. The notable names include Ustav App, DevDham, InstaAstro, AstroTalk, Vama, and Melooha also raised decent funding during the period. SriMandir’s parent company AppsForBharat is also in talks to raise $15 million in a new round. Entrackr exclusively reported the development in May.
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