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Flipkart, the ecommerce powerhouse backed by Walmart, is said to be strategically scaling back the expansion of its rapid delivery service, Flipkart Minutes. This adjustment reportedly focuses its reach on the six to eight largest metropolitan areas to curb financial losses. According to an Economic Times source, "Over 90% of quick commerce orders originate from the top eight cities, with a significant portion concentrated in Delhi NCR, Mumbai, and Bengaluru, where Flipkart is intensifying its Flipkart Minutes presence."
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Myntra has officially launched in Singapore, marking its debut in the international market under the new Myntra Global program. This move comes as a significant portion of Myntra's online traffic, between 10% and 15%, originates from international us
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Flipkart is doubling down on its quick-commerce venture, Flipkart Minutes, by appointing Kabeer Biswas, Dunzoโs co-founder, as the new leader. The move aims to challenge competitors like Amazon, Zepto, and BlinkIt in India's growing fast-delivery mar
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A few days ago, Flipkart introduced its new UPI service, Supermoney. โฎ๏ธThe interesting part: Let's go back a few years - Dec, 2015: 3 former Flipkart exec's start PhonePe. Apr, 2016: Flipkart acquires PhonePe for $20 M. Aug, 2018: Walmart acquires
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E-commerce giant Flipkart is shifting its holding company from Singapore to India, a big step ahead of its planned IPO in the next 12โ15 months. The Walmart-backed company, currently valued at $36 billion, has already secured internal approvals for
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On an expansion spree: Flipkart Minutes is now live in Thane Flipkart Minutes is transforming shopping convenience with its quick delivery service. Now live in Thane, it brings essentials to your doorstep in minutes. The service covers Vasant Vihar,
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On an expansion spree: Flipkart Minutes is now live in Thane Flipkart Minutes is transforming shopping convenience with its quick delivery service. Now live in Thane, it brings essentials to your doorstep in minutes. The service covers Vasant Vihar,
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Flipkart Minutes plans to scale up its dark stores from 300 to 800 by 2025 to dominate the quick commerce race! โ Competing with Blinkit, Zepto, Instamart and Big-Basket QC โ AI-powered catalog & focus on Tier-1 speed โ Over 1 million orders already
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๐Flipkart is preparing for an initial public offering (IPO) expected by the end of 2025 or early 2026. The Walmart-owned e-commerce giant, currently valued at $36 billion, has secured internal approvals to shift its domicile from Singapore to India,
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In 2024, Flipkart raised $350 million from Google as part of a funding round led by Walmart, bringing the total for this round to approximately $950 million. This investment aims to enhance Flipkart's digital infrastructure and expand its grocery bus
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