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Flipkart Internet gets infusion from Singapore parent

Finance

10 January, 2023

Flipkart Internet gets infusion from Singapore parent

Flipkart Internet, the online marketplace arm of the Walmart-backed company, has received $90 million ( ₹722 crore) fund infusion from ......

UpScalio sacks 15% staff

People

05 January, 2023

UpScalio sacks 15% staff

UpScalio, which manages several direct-to-customer (D2C) brands, has laid off 15% of its workforce or around 40 employees basis individual ......

Meesho FY22 loss surges, revenue grows 4x

Finance

02 January, 2023

Meesho FY22 loss surges, revenue grows 4x

SoftBank-backed e-commerce platform Meesho’s reported a 5x surge in its net loss, at Rs 3,247.8 crore for FY22 against a ......

Milk tops chart of most-ordered groceries online: Report

Consumer

23 December, 2022

Milk tops chart of most-ordered groceries online: Report

As the popularity of quick commerce rose through the year, platforms such as Swiggy’s Instamart as well as Dunzo shared ......

Premium
Moglix in talks to raise $100-150 mn

Consumer

06 December, 2022

Moglix in talks to raise $100-150 mn

Moglix, a business-to-business (B2B) e-commerce platform, is in talks to raise $100-$150 million from new and existing investors, said three ......

Meesho hires ex-Google director as VP of engineering

People

24 November, 2022

Meesho hires ex-Google director as VP of engineering

Homegrown ecommerce company Meesho announced the appointment of Divyesh Shah, who has joined as the company’s vice president, engineering.   Shah ......

Nykaa's CFO Arvind Agarwal steps down, Lighthouse sells stake

People

22 November, 2022

Nykaa's CFO Arvind Agarwal steps down, Lighthouse sells stake

Arvind Agarwal, the chief financial officer (CFO) of FSN E-Commerce Ventures Ltd-run Nykaa, resigned from his position with 25 November ......

ABFRL enters into partnership to bring Galeries Lafayette to India

Consumer

17 November, 2022

ABFRL enters into partnership to bring Galeries Lafayette to India

Aditya Birla Fashion and Retail Limited (ABFRL) on Thursday announced that it has entered into a strategic partnership with French ......

Flipkart's loss widens 51% to Rs 4,362 cr in FY22

Finance

28 October, 2022

Flipkart's loss widens 51% to Rs 4,362 cr in FY22

Flipkart Internet Pvt. Ltd, which operates the e-commerce marketplace, recorded a 31% year-on-year jump in its revenues to Rs 10,659 ......

Meesho parent infuses $192 mn to India entity

TMT

29 September, 2022

Meesho parent infuses $192 mn to India entity

Internet commerce firm Meesho, operated by Fashnear Technologies, has received $192 million from its parent entity, Meesho Inc.  Meesho’s board has ......