Flipkart, Microsoft forge cloud partnership to expand e-commerce in India

Flipkart, Microsoft forge cloud partnership to expand e-commerce in India

New Delhi [India], Feb 20 : Microsoft on Monday announced its strategic partnership with Flipkart to provide consumers in India with the best online shopping service.

As a first step in the broad collaboration between the two companies, Flipkart will adopt Microsoft Azure as its exclusive public cloud platform.

Microsoft CEO Satya Nadella and Flipkart Group CEO Binny Bansal announced the news today at an event in Bangalore.

"At Microsoft, we aim to empower every Indian and every Indian organization with technology and key to this is forging strategic partnerships with innovative companies like Flipkart," said CEO Microsoft, Satya Nadella.

Flipkart ranked amongst India's most trusted e-tailing brands

Flipkart ranked amongst India's most trusted e-tailing brands

New Delhi [India], Jan 20 : Electronic commerce company Flipkart continues to retain its apex position as India's most trusted e-commerce brand, in a nationwide consumer study titled the 'The Indian E-tailing Leadership Index', conducted by research firm Red Seer Consulting.

According the study, Flipkart, for the fourth time in a row, is ranked overall number one in the study, scoring the highest among all e-commerce platforms in India in areas like product selection, customer support, ease of return, refund and reverse pick up speed.

The e-commerce giant was also the fastest in terms of order fulfillment and delivery as seen in the latest Red Seer Delivery Performance Report.

Parenting network Tinystep bags two million funding from Flipkart

Parenting network Tinystep bags two million funding from Flipkart

New Delhi [India], Jan 17 : Parenting social network Tinystep has announced receiving of USD two million funding from ecommerce giant, Flipkart to advance their product, better the user experience and expand on their services.

The promising startup works in the sphere of pregnancy and parenting.

Flipkart instilled its faith in Tinystep with a USD two million funding as they

saw potential in Tinystep's product and traction. The app's features continue to gain favor within the user base and outside, attracting more and more parents by the day, both expecting and new.

Flipkart announces apex structure for Flipkart Group with Binny Bansal as Group CEO

Flipkart announces apex structure for Flipkart Group with Binny Bansal as Group

New Delhi [India], Jan 10 : In order to drive Flipkart to the next level of growth, the company has announced new structure with Flipkart Group organization at the apex level. This newly formed Group Org will focus on creating future value through a portfolio of new, high growth businesses, manage capital allocation across group companies, and ensure each business has a strong CEO in place.

"2016 has been truly an extraordinary year for Flipkart," said Group CEO Flipkart, Binny.

"We effected a complete turnaround of the business and consolidated our leadership position in ecommerce. Our execution engine is revved up. Our customer experience and product quality has shown tremendous improvement," he added.

Flipkart founders invest 1M dollars in Chennai-based electric scooter startup Ather

FlipkartWashington, Dec 4 : Founders of Indian e-commerce giant Flipkart have invested 1 million in Ather, a Chennai-based startup that develops high-speed electric scooters.

According to Tech Crunch, in addition to Sachin Bansal and Binny Bansal, who launched Flipkart in 2007, Ather's seed round also included participation from Raju Venkatraman, the CEO of healthcare company Medall.

Sachin Bansal and Binny Bansal had previously invested in Touchtalent , a social network and marketplace for artists, since Flipkart received an astounding 1 billion dollars in funding three months ago.

Flipkart, snapdeal sell products worth Rs 600 cr each in a day

Flipkart snapdealNew Delhi: In one of the biggest sales days in Indian online retail market, Flipkart and snapdeal on Monday sold products worth an estimated Rs 600 crore each even as customers complained about technical glitches, while global e-retailer Amazon continued its own pre-Diwali campaign.

Flipkart claimed it sold products worth USD 100 million (over Rs 600 crore) within 10 hours, while snapdeal pegged its sales at Rs 1 crore a minute-- which translates into a figure similar to Filpkart's. There was no sales figures from Amazon which is running a three-day discount campaign.

Xiaomi MI3 sold out once again, in less than 5 seconds

Xiaomi-MI3New Delhi, Aug 12 : Xiaomi MI 3, the fastest MI phone at an affordable price, is sold out once again, within 5 seconds.

The phone, which has a Flipkart exclusive policy making it available only on the online shopping portal, started its sale at 2pm, with 20,000 devices to be sold, but the phone was out of stock in less than a minute.

This is the fourth time Xiaomi has put the device on a flash sale.

MI3 comes with IPS Retina display, 5-inch full HD screen, a 13MP rear and 2MP front camera both capable of recording 1080p HD videos. It has a 2.3 Ghz processor, 2GB RAM and 16GB flash memory and is powered by a

Xiaomi Mi3 sold out in 5 seconds: Flipkart

Xiaomi-Mi3New Delhi: Chinese handset maker Xiaomi, which debuted in the Indian smartphone market earlier this month, Tuesday said it sold out its stock of its Mi3 smartphone within 5 seconds of going on sale.

This is the second lot that was put on sale Tuesday at 2 pm in the afternoon on online marketplace Flipkart, which is exclusively selling Xiaomi's handsets in India.

"The site saw an unprecedented 250,000 users simultaneously accessing the Mi3 page shortly after the sale opened at 2 pm today. This traffic load was four times higher than the heaviest level ever experienced by Flipkart's infrastructure," Flipkart said in a statement.

Flipkart to tie-up with different manufacturing clusters

Flipkart to tie-up with different manufacturing clustersCoimbatore: Flipkart, the largest e-commerce marketplace in India, on Friday said it is holding talks to tie-up with manufacturing clusters such as Tirupur and Ludhiana as part of bringing more sellers on-board to meet the strong growth in demand.

"We are targeting manufacturing clusters and would sign up partnerships with Surat, Agra and Ludhiana, where synthetic apparels and leather items are manufactured," Ankit Nagori, Vice President, marketplace, Flipkart, told reporters.

Flipkart raises $210 mn in investor funding

FlipkartBangalore, May 26 : India's largest e-tailer Flipkart Monday said it has raised $210 million in a fresh round of funding from a group of four investors led by DST Global, a leading Internet-focussed investment group.

Flipkart’s existing investors Tiger Global, Naspers and Iconiq Capital also participated in the financing round, the company said in a statement here.

This decision came only a few days after Flipkart May 22 announced it was acquiring Myntra, a leading e-retailer for fashion and lifestyle products. The deal was estimated to be worth about $300 million (Rs. 1,740 crore), according to sources involved in the deal.

ED to probe Flipkart, Walmart for alleged violation of FDI regulations

ED to probe Flipkart, Walmart for alleged violation of FDI regulations The alleged circumventing of foreign direct investment (FDI) regulations by e-commerce firm Flipkart Online Services and retail giant Bharti Walmart will now be probed by the Enforcement Directorate (ED).

Commerce & Industry Minister Anand Sharma said on Monday that the Reserve Bank of India (RBI) referred matters related to the alleged violation of FDI regulations by Flipkart and Walmart to the (ED).

Flipkart accepting pre-orders for Sony Xperia miro

Sony-Xperia-miroPopular online retaining site, Flipkart ha started accepting pre-orders for the new Sony Xperia miro smartphone in India.

Sony has confirmed the launch of the device, which was announced earlier in June as part of the company's Facebook campaign, in India as it has now listed on the Sony India website with a price tag of Rs. 15,249. Flipkart is offering the device for just Rs. 14,499 to the consumers in the Indian market.

Online retailer Flipkart raises $150 million

Online retailer Flipkart raises $150 millionCash-strapped online retailer FlipKart reportedly raised $150 million in its fourth round of funding which completed on Friday.

FlipKart has not disclosed the amount, but emerging reports suggest that South African media group Naspers' Indian arm MIH India pumped a little more than $90 million into the online retailer.

In the latest round of funding, Flipkart gained two new investors, viz. MIH India and Iconiq Capital. Tiger Global and Accel Partners already own stakes in in the e-commerce company.

Flipkart acquired Letsbuy for undisclosed amount

Flipkart acquired Letsbuy for undisclosed amountIndia’s leading online retailer, Flipkart has said that it has acquired a smaller firm in the sector, Letsbuy in a cash and stock deal.

The company did not announce the amount for the acquisition. According to estimates, the deal might be worth close to $20 million. Letsbuy offers consumer electronic goods to customers in India. The company was facing problems in raising money and had to enter into a deal with a company to raise money.

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