Flipkart india news

Here are some recent news updates about Flipkart, India's leading e-commerce company:

1. Flipkart's Big Billion Days Sale: Flipkart's annual Big Billion Days sale, which took place from October 16 to 21, saw a record-breaking 1.5 million orders per hour, with sales exceeding ₹1,000 crore (approximately $137 million) in the first hour alone. (Source: Business Standard)

2. Flipkart's Grocery Business: Flipkart has expanded its grocery business, Flipkart Supermart, to 10 cities, including Delhi, Mumbai, and Bengaluru. The company aims to reach 50 cities by the end of 2023. (Source: The Economic Times)

3. Flipkart's Logistics Expansion: Flipkart has set up a new logistics hub in Bengaluru, which will enable faster and more efficient delivery of products to customers. The company plans to invest ₹1,500 crore (approximately $205 million) in its logistics infrastructure over the next three years. (Source: The Hindu BusinessLine)

4. Flipkart's Partnership with Axis Bank: Flipkart has partnered with Axis Bank to offer a co-branded credit card, which will provide customers with rewards and benefits on purchases made on the Flipkart platform. (Source: Livemint)

5. Flipkart's Investment in Digital Payments: Flipkart has invested ₹100 crore (approximately $14 million) in its digital payments arm, PhonePe, to expand its services and increase its user base. (Source: The Financial Express)

6. Flipkart's Efforts to Boost Rural Sales: Flipkart has launched a new initiative to boost sales in rural areas, which accounts for 30% of its total sales. The company has set up a dedicated team to focus on rural sales and has partnered with local businesses to increase its presence in these areas. (Source: Business Today)

7. Flipkart's Competition with Amazon: Flipkart continues to compete fiercely with Amazon in the Indian e-commerce market. According to a report by Forrester, Flipkart's market share in the Indian e-commerce market has increased to 41.4% in 2022, while Amazon's market share has decreased to 31.5%. (Source: Forrester)

These are just a few of the recent news updates about Flipkart, India's leading e-commerce company.