Amazon is working on a new eCommerce site to reach Indian shoppers, dubbing it a “special store.” The eCommerce giant said it would not levy any “extra charges” to sellers on the fashion and lifestyle products platform, called Bazaar, according to a Wednesday (Feb. 21)...
Flipkart’s billionaire founder is reportedly launching an artificial intelligence (AI) startup. Binny Bansal, who launched the Indian eCommerce firm before selling it to Walmart, has been hiring experts for a company that will offer a range of AI services and products, Bloomberg News reported Tuesday (Nov. 7), citing...
The jousting between Amazon and Walmart for eyeballs browsing market places, and share of digital wallet for consumer spending, is finding an evolving battleground in India. Recent comments on earnings calls and announcements from the two commerce behemoths point directly towards the appeal of this...
Walmart has announced major leadership changes within the company, with Judith McKenna, the president and CEO of Walmart International, set to retire after 27 years with the retailer. Effective Sept. 11, Kath McLay will take over as the president and CEO of Walmart International, while Chris Nicholas will assume...
February 10, 2020
The jousting over eCommerce taxes — especially for U.S. firms operating on an international scale — is about to get more heated. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. The tax, technically known as “Tax Deducted at Source” (TDS), […]
August 23, 2019
Alt lending, and, of course, digital payments, were top of mind for investors targeting India FinTechs these past few weeks. We take stock of two quarters and the YTD —...
June 07, 2019
While it might not look like much at first glance, an escalating legal spat between Walmart-owned, Indian eCommerce marketplace Flipkart and a small, relatively unknown New Delhi wearables maker might...
September 03, 2018
Cash continues to command the loyalties of consumers in India. However, as demonstrated this summer, the country is not only embracing digital payments, but increasingly attracting competition from some of...
March 04, 2024
Indian eCommerce marketplace Flipkart has launched a Unified Payments Interface (UPI) handle to enhance its digital payment offerings by adding India’s popular instant payments system. The new Flipkart UPI allows users to set up their own UPI handle for transactions, both online and offline, and both within and outside the Flipkart marketplace, the company said in a Sunday (March […]
February 21, 2024
Amazon is working on a new eCommerce site to reach Indian shoppers, dubbing it a “special store.” The eCommerce giant said it would not levy any “extra charges” to sellers...
November 07, 2023
Flipkart’s billionaire founder is reportedly launching an artificial intelligence (AI) startup. Binny Bansal, who launched the Indian eCommerce firm before selling it to Walmart, has been hiring experts for a company...
August 16, 2023
Walmart has announced major leadership changes within the company, with Judith McKenna, the president and CEO of Walmart International, set to retire after 27 years with the retailer. Effective Sept. 11, Kath...
