In a first of its kind move, Made in India ecommerce portal Flipkart has announced the launch of credit line for its consumers. Now, online shoppers can get upto Rs 60,000 credit for shopping online, which they can pay later.
Kishore Biyani led Future Group is right now under hot pursuit from Alibaba, Google and Amazon, as they wish to invest in the company, and grab a pie of the offline retail sector.
Paytm Mall has informed us that they are aiming for Rs 70,000 crore business by March, 2019. And, they have claimed to process Rs 24,500 crore worth of annualized gross sales by the end of June, 2018.
Launched in 2005, that is 18 years ago, eBay India was known to be a powerful marketplace, a place where anything and everything was available, for a price.
Flipkart app is now showing mobile recharge facility, directly via main menu. PhonePe, the mobile wallet from Flipkart already had this option since long.
The battle for ecommerce dominance is now becoming even more intense, as partnerships are being formed, and new, fresh capital being infused.
Led by Confederation of All India Traders or CAIT, which is one of the most influential and powerful lobby of offline traders, around 10 lakh or 1 million traders across India have declared a massive protest today.
Get prepared to witness the ultimate eCommerce battle in India: It will be Amazon vs Walmart vs Alibaba vs Jio now!
Competition Commission of India (CCI) has indicated that they may suggest some major structural changes in the Flipkart-Walmart deal.
Several leading Flipkart sellers have complained that their dues are pending since January, and the company is doing nothing to resolve them. Sellers from Flipkart, Jabong and Myntra have joined together and have now come out in the open…