Walmart and the Flipkart Group have announced a fresh round of investment in Ninjacart, the startup disrupting India's fresh produce market with its business-to-business (B2B) supply chain infrastructure and technology solutions.
Walmart Inc's Flipkart will buy a 7.8% stake in Aditya Birla Fashion and Retail Ltd for 15 billion rupees ($204 million), giving the ecommerce company a bigger foothold in the high-margin fashion business as it battles it out with rival Amazon.com in the country.
Consumption demand is expected to revive for the e-commerce sector in India this festive season. This could do for Indian tech companies what the 2002-04 SARS pandemic did for Chinese internet firms.
Kirana stores are increasingly finding themselves in a tug of war with domestic and international e-commerce giants pulling at either end in a bid to access market dominion.
The new Flipkart partnership will enable these under-served communities to showcase their specialised products and crafts to millions of customers across the country.
Myntra has partnered with the regional e-commerce platforms to offer brands of Indian origin to millions of fashion-forward shoppers in the region.
The acquisition will help Flipkart strengthen grocery business and will also enable the transformation of the kirana retail ecosystem in the country.
The country’s technology and cyber space segment has seen a lot of activity in recent weeks. Samsung opens its biggest store in India Samsung Electronics Co Ltd opened its biggest mobile store in the world in India as it tries to take pole position in the world’s second-biggest smartphone market amid fierce competition from Chinese brands. The South Korean tech giant’s roughly 33,000 sq ft store in the southern tech hub of Bengaluru will help it extend its lead in [...]
Digital India in sync with Make in India will enable local innovation in the mobile phone market, writes a telecom analyst. Indian mobile phone demand was catalysed by the entry of international brands like Samsung and Nokia during 2006-2010. The market at the time was predominantly driven by feature phones. The scenario changed fast with the introduction of Android phones by international brands in 2009 and later by local brands since 2010. The advent of smartphones propelled mobile phone growth [...]