[ad_1] Amidst a downturn in the technology sector, Flipkart is giving a 100 per cent bonus to all employees and rolling out merit-linked payouts to eligible staff. The Walmart-owned e-commerce firm is rolling out this initiative for most of the total workforce of about 22,000 based on their eligibility. “On behalf of the … Read more
[ad_1] Flipkart may set up thousands of dark stores across major cities in the country as the Walmart-owned e-commerce firm gears up to launch a quick-commerce (q-commerce) service in the next couple of months, according to sources. A dark store is a brick-and-mortar warehouse dedicated to rapid online order fulfilment. Flipkart is planning … Read more
[ad_1] Shadowfax, the logistics firm, said it has closed its Series E funding round, securing $100 million in investments. TPG NewQuest led the round, with participation from existing investors, including Mirae Asset Venture Investments (India), Flipkart, International Finance Corporation, Nokia Growth Partners, Qualcomm, and Trifecta Capital. Eight Roads Ventures, the company’s first institutional … Read more
[ad_1] Zomato, known primarily for its food delivery services, is gearing up for a significant expansion into the fast-growing direct-to-consumer (D2C) space through its 10-minute delivery platform, Blinkit, according to a report by the Economic Times (ET). This move places Zomato in direct competition with established e-commerce giants like Amazon and Flipkart, signalling a strategic … Read more
[ad_1] Amazon (Photo: Bloomberg) By Kristine Owram Jeff Bezos has unloaded another 12 million shares of Amazon.com Inc. valued at $2 billion, bringing the total sold in the past week to more than $6 billion. He sold the latest tranche on Tuesday and Wednesday, according to a filing. The sales are part of … Read more