Flipkart revenue up 31% in FY22; loss widens 51% to ₹4,362 cr
Flipkart's net loss in the last fiscal year was the highest in the past four years on a rise in legal, marketing, transport, and warehousing costs.
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Flipkart launches metaverse shopping experience Flipverse
Flipverse will be available on Flipkart's newly launched platform, FireDrops, which can be accessed from the e-commerce platform's app.
India's e-tail market to grow by $110-130 bn in 6 years: Bain
Shopper addition will continue to be at the heart of future e-retail growth. India's online shopper base is estimated to increase to 400-450 million by 2027, say analysts at the firm.
Reliance Retail's JioMart to take on Amazon, Flipkart this festive season
Reliance Retail’s JioMart transitions into a full-scale e-marketplace, offering not just home products, and groceries, but brands across categories like jewellery, beauty, electronics.
Two-third households plan festive spending this season, says survey
Two third of the respondents intend to spend money during this festival season, with half of them willing to spend over ₹10,000 on festival purchases, as per the LocalCircles survey.
Indians most optimistic about future; lead the pack in spending
But, around 48% of consumers surveyed in India say they are planning to decrease spending amid high inflation, says the McKinsey Consumer Pulse Survey.
Social marketplaces Poshmark, Stage3 take thrift shopping online
Led by India’s growing share of Gen Z and millennials, thrifting is gaining currency and going digital in a big way.
The online festive season shopping frenzy
With the festive season imminent, e-commerce majors are geared towards luring customers with massive discounts and schemes—with expected sales of $4.8 billion in the first week of the festive season.
E-tail surges 25% in FY21: Bain & Co.
Pandemic accelerates e-tail transition as overall retail market shrinks 5%.
Voice and vernacular: The future of e-retail in India
In the post-Covid world, India’s e-retail story will be more inclusive for both buyers and sellers, a Bain-Flipkart report says.
