Flipkart

Uncategorized

Flipkart’s Quick-Commerce Strategy in India

It has heavily invested in its supply chain infrastructure over the years, with a particular focus on reducing delivery times for grocery items. Quick-commerce accounts for about 40% of the online grocery delivery category, the analysts said. “Quick commerce with a potential TAM of ~$45 billion (~7% of the grocery market of $620 billion),” they wrote. We estimate quick-commerce GMV to grow to $6.2 billion by 2025.”Indian news outlet Entrackr first reported some of the details of Flipkart’s instant commerce play Thursday. We constantly work towards delivering a wide range of products to customers with speed,” a Flipkart spokesperson said.

Ava Patel
March 7, 2024

Startups

Dunzo Under Consideration for Acquisition by Flipkart

Indian e-commerce giant Flipkart has held discussions in recent weeks about potentially acquiring Dunzo, the hyperlocal delivery startup backed by Reliance Retail, three sources familiar with the matter told TechCrunch. The acquisition talks follow a turbulent year at Dunzo, which has been struggling to raise cash and make staff payroll. Flipkart is skeptical about precisely what all it will be able to take over if it were to acquire Dunzo. Reliance Retail, the largest investor in Dunzo, has also not approved the deal. Flipkart and Dunzo didn’t immediately respond to a request for comment Tuesday evening.

Max Chen
February 20, 2024

Uncategorized

Binny Bansal, co-founder of Flipkart, departs from board position

Flipkart co-founder Binny Bansal has resigned from the e-commerce group’s board, the two said Saturday. Sachin Bansal, the Bengaluru-headquartered startup’s other co-founder, left the board in 2018 after scuffle with the investors. Binny Bansal, who reserved the rights to stay on Flipkart’s board for as long as he preferred, cited conflict of interest with his new venture as the reason for the move. “I am proud of the Flipkart Group’s achievements over the past 16 years. After leaving Flipkart, Sachin Bansal founded Navi, a financial services firm that is looking to go public.