Flipkart valuation declines by over Rs 41,000 crore in two years
The valuation of the ecommerce firm declined to $35 billion as of January 31, 2024, from $40 billion in the financial year ended on January 31, 2022, as per Walmart’s change in equity structure in Flipkart.
Urban Company partners with Blinkit to deliver its water purifiers
The water purifiers from Urban Company will delivered within 30 minutes via Blinkit and subsequently be installed in three hours. This service was started on Sunday in parts of Delhi NCR, Mumbai, Bengaluru, Kolkata and Hyderabad.
Fonq acquires Naduvi
Dutch online furniture store Fonq has acquired Naduvi, a competing online platform, that sells furniture by dropshipping products to consumers. Combining scale and competencies will bring more focus to both companies. The amount of money involved in the deal was…
Elevating customer experience in B2B ecommerce
Michael Vax, founder, CommerceIsDigital B2B ecommerce user interfaces are often known as pain points rather than examples of great customer experiences (CX). Unlike their consumer-focused counterparts, many platforms feature legacy interfaces that are cumbersome, outdated and downright painful to navigate….
Vinted acquires Trendsales
Second-hand fashion platform Vinted has acquired Danish competitor Trendsales. By doing so, the platform wants to fortify its position in the Nordic region. The acquisition is in contrast with the termination of its luxury platform Rebelle, which was announced in…
Binny Bansal eyes big game again post Flipkart exit
Bansal, who sold his remaining stake in Flipkart last year netting about $650 million, has made about $25 million in additional investment in Curefoods as part of a funding round of $60 million. This lifted his stake to 18% from…
DHL steps into resale business with Reflaunt
DHL Supply Chain is the new logistics service provider for Reflaunt, a technology platform that enables branded fashion resale. The collaboration is illustrative of the growth and potential of recommerce in Europe.
Don’t miss MarTech this week – 50+ free online sessions
Your exclusive chance to discover cutting-edge, AI-infused technology that creates exceptional customer experiences is here: Join thousands of marketers online – tomorrow and Wednesday (March 19-20) – at MarTech! You’re FREE pass unlocks the entire program, kicking off each day with inspiring CX…
Rebuy revenue in 2023 was 216 million euros
German recommerce platform Rebuy recorded a turnover of 216 million euros last year. This means that the company is now profitable for the fifth year in a row. Around 10 million products were sold through the platform and given a…
Urban Company partners with Blinkit to deliver its water purifiers
The water purifiers from Urban Company will delivered within 30 minutes via Blinkit and subsequently be installed in three hours. This service was started on Sunday in parts of Delhi NCR, Mumbai, Bengaluru, Kolkata and Hyderabad.
