Flipkart CCI Ruling to Be Appealed by Online Sellers

A group representing online sellers in India will appeal against the Competition Commission of India’s (CCI) ruling in favour of Walmart-owned Flipkart, the group’s lawyer Chanakya Basa said in a release on Saturday. All India Online Vendors Association (AIOVA), which represents more than 3,500 online sellers, had complained that Flipkart was using its dominant position…

Flipkart Mobile Bonanza sale kicked off on Monday to offer deals and discounts on a wide lineup of smartphones. The Flipkart sale started on November 19 at 12am and will continue until November 22 (Thursday). Brands like Asus, Xiaomi, Realme, Nokia, Apple among others are offering discounts and deals on their smartphone range as a…

Flipkart Launches 2GUD Refurbished Goods Platform After Shutting Down eBay India

Flipkart on Wednesday finally launched its new e-commerce platform for refurbished goods that it had revealed late last month, when CEO Kalyan Krishnamurthy announced the shutdown of eBay India. Called 2GUD, it is the company’s first foray into the refurbished goods market – which it says is expected to be a $20 billion (roughly Rs. 1,39,740 crores) market in…

Flipkart Launches 2GUD Refurbished Goods Platform After Shutting Down eBay India

Flipkart on Wednesday finally launched its new e-commerce platform for refurbished goods that it had revealed late last month, when CEO Kalyan Krishnamurthy announced the shutdown of eBay India. Called 2GUD, it is the company’s first foray into the refurbished goods market – which it says is expected to be a $20 billion (roughly Rs. 1,39,740 crores) market in…

Flipkart Acquisition by Walmart Gets Approval From Competition Commission of India

The Competition Commission of India (CCI) has approved US retail giant Walmart’s $16 billion (roughly Rs. 1.09 lakh crores) acquisition of online marketplace Flipkart, beefing up the competition to Amazon.com in the fast growing e-commerce market. Bentonville, Arkansas-based Walmart announced in May it was acquiring about 77 percent of Flipkart for roughly $16 billion in the biggest deal for India’s e-commerce sector, which…