Flipkart News

Flipkart co-founder Sachin Bansal reaches court after ED’s penalty notice

Flipkart co-founder Sachin Bansal reaches court after ED’s penalty notice

New Delhi: Sachin Bansal, co-founder of e-commerce giant Flipkart, has mounted a court challenge against the Enforcement Directorate (ED), which has accused him and others of violation of foreign investment laws, court records showed. The ED had in July issued a so-called show cause notice to Flipkart, its founders and

The rise of BNPL is the flavor of the festive season for top internet firms

The rise of BNPL is the flavor of the festive season for top internet firms

Delhi: Top consumer internet companies, including Flipkart, Amazon, Paytm and Byju’s, are betting big on India’s nascent, yet fast-growing Buy-Now Pay-Later (BNPL) segment ahead of the upcoming festive season. After seeing a huge influx of customers during the pandemic, and with the festive season around the corner, fintech startups and

ED issues notice to Flipkart and its founder in forex violation case

ED issues notice to Flipkart and its founder in forex violation case

New Delhi: The Enforcement Directorate (ED) has issued notices to Flipkart, its founders and nine others for alleged foreign exchange violations. He has been asked to explain why he should not face a fine of ₹ 10,600 crore for alleged violation of foreign investment laws. ED sources said that Flipkart

India’s Technological Moment Arrives:From Zomato IPO to Flipkart funding

India’s Technological Moment Arrives:From Zomato IPO to Flipkart funding

A record match of fundraising and a group of upcoming  startup IPOs has shifted focus to Indian technology startups even as investors are spooked by China’s crackdown on its own tech companies. Bengaluru: Last week marked a watershed for technology startups in India, as a record bout of fundraising shifted

Uttar Pradesh: Flipkart donates 30 ventilators to fight Covid-19

Uttar Pradesh: Flipkart donates 30 ventilators to fight Covid-19

Lucknow: The e-commerce company, Flipkart has donated 30 critical care ventilators to Uttar Pradesh as part of a collaboration to fight Covid-19 and strengthen the health facilities in the state. The ventilators were handed over to the UP Medical Supply Corporation Ltd during a ceremony in the presence of Chief

Flipkart to acquire online travel and tech company Cleartrip

Flipkart to acquire online travel and tech company Cleartrip

Indian e-commerce company, Flipkart announced that it will be acquiring Cleartrip, an online travel technology company. The e-commerce made the announcement that it will acquire 100% of Cleartrip’s shareholding, as the company further enhances its investments to strengthen its digital commerce offerings for customers. Under the terms of the agreement,