Ninjacart Reports 74% Revenue Increase, Losses Shrink by 20% in FY24
In a significant achievement for the business-to-business (B2B) e-commerce sector, Ninjacart, a prominent player backed by Walmart and Flipkart, announced a remarkable 74% increase in its operating revenue for the financial year 2023-24. The company’s revenue soared to Rs 2,002.7…
Visa and USAID Partner to Drive Digital Inclusion and Economic Growth
In a strategic collaboration, Visa and the United States Agency for International Development (USAID) are set to enhance digital government systems and payment processes worldwide. This partnership aims to promote financial inclusion and stimulate economic growth, particularly in underserved regions….
BMO Appoints New Chief AI and Data Officer to Shape Future of Banking
The Bank of Montreal (BMO) has recently made a significant strategic move by appointing Kristin Milchanowski as its new Chief AI and Data Officer, effective October 15. With a rich background in data and technology from her previous role at…
Personalisation, GenAI and Video Commerce: Key Themes for BBD at Flipkart
The e-commerce landscape is continuously shifting, and platforms like Flipkart are at the forefront of this transformation. This year, as the company prepares for its much-anticipated annual festive sale, known as The Big Billion Days (BBD), Flipkart executives emphasize three…
Flipkart's Pricing Practices: Allegations of Anti-competitive Behavior
Recently, allegations have surfaced regarding Flipkart’s pricing strategies and their impact on the competitive landscape in India’s e-commerce sector. K Narasimhan, a lawyer representing sellers in the Madras High Court, has raised serious concerns about the practices employed by Flipkart,…
Xiaomi Challenges Flipkart Report Over Data Concerns
In a significant development in the e-commerce landscape, Xiaomi has called upon India’s competition authority to withdraw a confidential antitrust report concerning Flipkart, a leading e-commerce platform owned by Walmart. The issue centers around allegations that the report contains sensitive…
India Antitrust Probe: Amazon and Flipkart Found in Breach of Competition Laws
An investigation by the Competition Commission of India (CCI) has revealed significant violations of local competition laws by two leading e-commerce giants, Amazon and Flipkart. The findings indicate that these companies prioritized certain sellers on their platforms, which raises serious…
LeafLink Expands Horizons: The Intersection of Cannabis and Finance
In a significant move for the cannabis industry, LeafLink is broadening its footprint by entering the financial services sector. Founded in 2016, LeafLink operates as a B2B marketplace designed to connect marijuana retailers with brands and distributors. It already services…
Flipkart Fashion Executive Moves to Angel One as New CBO
In a significant shift within India’s e-commerce landscape, Arief Mohamad, a key figure in Flipkart’s fashion division, is set to join Angel One as its chief business officer (CBO). This transition replaces Prateek Mehta, who held the CBO title until…
