Flipkart’s logistics arm, Ekart, has reported a significant surge in its net losses for the fiscal year 2024 (FY24). The company’s revenue also declined during the period. This news comes as a contrast to Amazon India’s logistics arm, Amazon Transportation Services (ATS), which saw revenue growth during the same fiscal year.
The Enforcement Directorate (ED) conducted raids on multiple sellers across India, including those associated with e-commerce giants Amazon and Flipkart, on Thursday. The investigation focuses on alleged money laundering activities and potential violations of Foreign Exchange Management Act (FEMA) regulations. The raids highlight concerns over the practices of leading e-commerce platforms in India, particularly in relation to the use of “dark patterns” and the potential for unfair competition.
Auto-rickshaws in Bengaluru are making headlines, not just for their innovative features, but also for sparking debates on social media. From a message advocating respect for women to an office chair-equipped ride, these three-wheeled vehicles are capturing the city’s attention.
Flipkart launched a campaign in Bengaluru offering Re 1 auto-rickshaw rides during peak hours, causing a stir on social media. While some praised the initiative as a clever marketing tactic, others lamented the lack of similar offers in their cities.
A Flipkart delivery agent was allegedly murdered in Lucknow after being robbed of an iPhone he was delivering. The victim, Bharat Kumar, was found stuffed in a gunny sack and dumped in a canal. Police have arrested one suspect and are investigating the case.
A Bengaluru resident narrowly avoided being scammed while receiving an iPhone 15 order from Flipkart. A man posing as a delivery boy attempted to deliver a fraudulent package but was caught when the resident recorded the interaction. The incident highlights the growing issue of online scams and raises concerns about the security of online deliveries.
The Competition Commission of India (CCI) has escalated its antitrust investigation into e-commerce giants Amazon and Flipkart, demanding their financial statements. This move could significantly impact the outcome of the ongoing investigation and potentially lead to hefty penalties for the companies.
The Competition Commission of India (CCI) has demanded financial statements from Amazon and Flipkart as its investigation into alleged anti-competitive practices reaches its final stage. The investigation focuses on concerns that the e-commerce giants are giving preferential treatment to select sellers, potentially harming smaller businesses and limiting consumer choice. The CCI could impose penalties of up to 10% of the companies’ global turnover if found guilty.
A Bengaluru resident’s post about receiving a laptop just 13 minutes after ordering through Flipkart Minutes went viral, prompting the e-commerce giant to surprise him with a special gift. The incident highlights the rapid rise of quick delivery services in India and Flipkart’s strategy to attract customers.
Flipkart has launched its own payments app, Super.money, in a move to expand into the fintech sector. The app offers UPI payments, cashback rewards, and plans to expand into secured cards and lending. The launch comes over a year after Flipkart separated from PhonePe and follows a recent $350 million investment from Google.
