Flipkart scraps its grocery delivery App

Flipkart scraps its grocery delivery App

India’s largest e-commerce firm Flipkart plans to scrap its grocery delivery app just five months after its launch. As per the local newspaper reports the company’s decision to shut down the app comes after a combination of poor customer demand and lack of margins. Indian newspaper Livemint reported quoting two sources close to the company […]

Alibaba plans to buy share in its Indian rival Flipkart

Alibaba plans to buy share in its Indian rival Flipkart

Alibaba plans to buy share in its Indian rival company Flipkart. The Biggest Indian online retailer, Flipkart has currently a valuation of $15 billion. The deal would only happen if it offer a discount on the price, sources said. There were rumours that the  Chinese online giant was in  talks with another retailer Snapdeal. Alibaba plans […]

Flipkart gets news CEO

Flipkart gets news CEO

In a move that has been gossiped for a while, Flipkart co-founder Sachin Bansal has ventured down as CEO of the Indian e-business organization, the organization announced. He will be supplanted by his co-founder, Binny Bansal (no relation). Sachin Bansal will get to be executive chairman and “mentor the senior leadership of the company and […]