Flipkart news

Here are some recent news updates about Flipkart:

Recent News:

  1. Flipkart's Big Billion Days Sale: Flipkart's annual Big Billion Days sale is back, with discounts on a wide range of products, including electronics, fashion, and home goods. The sale started on October 16 and will continue until October 21. (Source: Business Standard)
  2. Flipkart's Revenue Growth: Flipkart's revenue grew by 44% year-on-year to ₹43,000 crore (approximately $6.1 billion) in the fiscal year 2022-23, according to a report by the Economic Times. (Source: Economic Times)
  3. Flipkart's Expansion into New Markets: Flipkart is expanding its operations into new markets, including the northeastern states of India, where it plans to invest ₹500 crore (approximately $70 million) to set up warehouses and logistics infrastructure. (Source: The Hindu BusinessLine)
  4. Flipkart's Partnership with Google: Flipkart has partnered with Google to offer exclusive deals on Google Pixel smartphones during the Big Billion Days sale. (Source: India Today)
  5. Flipkart's Efforts to Boost Rural Sales: Flipkart is launching a new initiative to boost sales in rural areas, including the introduction of a new logistics network and a rural-focused e-commerce platform. (Source: The Economic Times)

Recent Developments:

  1. Flipkart's Acquisition of Aditya Birla Fashion: Flipkart has acquired a majority stake in Aditya Birla Fashion and Retail, a leading fashion retailer in India, for ₹2,400 crore (approximately $330 million). (Source: Business Standard)
  2. Flipkart's Launch of New Payment Option: Flipkart has launched a new payment option called "Flipkart Pay Later", which allows customers to pay for their purchases later. (Source: The Hindu BusinessLine)
  3. Flipkart's Partnership with Axis Bank: Flipkart has partnered with Axis Bank to offer exclusive deals and discounts to Axis Bank customers. (Source: India Today)

Recent Controversies:

  1. Flipkart's Data Breach: Flipkart was hit by a data breach in August 2022, which compromised the personal and financial information of millions of customers. (Source: The Hindu)
  2. Flipkart's Alleged Anti-Competitive Practices: Flipkart has been accused of engaging in anti-competitive practices, including exclusive deals with manufacturers and restrictions on sales by other e-commerce platforms. (Source: The Economic Times)