Amazon Profit Soars 55% in Q3, Driven by Cloud Growth
Amazon has reported impressive third-quarter financial results, with profit surging by 55.2% year-over-year. The Seattle-based tech giant’s earnings were driven…
Tag: Ecommerce
Flipkart Records 7.2 Billion Customer Engagement Visits This Festive Season
E-commerce giant Flipkart has reported an impressive 7.2 billion visits in customer engagement from September 1 to October 28, reflecting…
Flipkart Reports Strong Growth in Revenue and Significant Reduction in Losses for FY 2023-24
Flipkart Internet, the marketplace arm of Flipkart, has announced impressive financial results for the fiscal year 2023-24, showcasing revenues of…
Amazon Expands Fulfillment Network with 3 New Centres Ahead of Festive Season Sale
Ahead of the highly anticipated festive season, Amazon India has announced the launch of three new fulfillment centres located in…
Flipkart Debuts ‘Minutes’ in Bengaluru for 10-Minute Deliveries
Walmart-owned Flipkart has officially entered the ultra-fast delivery market with the launch of its new service, ‘Minutes’. Launched in Bengaluru,…
Flipkart Expands Digital Payment Services with BillDesk Partnership
Flipkart has introduced five new recharge and bill payment categories. The categories include Fastag, DTH recharges, landline, broadband, and mobile…
Lydia Jett Rejoins Flipkart’s Board as Independent Director
Lydia Jett, former managing partner at SoftBank Vision Fund, has rejoined Flipkart’s board as an independent director, according to a…
Flipkart Group Launches UPI App super.money in Beta Mode
Flipkart Group has announced the launch of its Unified Payments Interface (UPI) app, super.money, in beta mode. This new venture…
Flipkart Explores Stake in Swiggy to Enter Quick-Commerce Market: Report
In a bid to penetrate the quick-commerce market, Flipkart explored the possibility of acquiring a stake in Swiggy, one of…
Flipkart, PhonePe Moving Toward Profitability, Says Walmart CFO
Flipkart and PhonePe are “on their path to profitability,” according to John David Rainey, the CFO of Walmart, which owns…