Retailers Invited to Join ONDC by Union Minister Piyush Goyal to Reduce Dominance of Big Tech Firms

Retailers Invited to Join ONDC by Union Minister Piyush Goyal to Reduce Dominance of Big Tech Firms

Commerce and Industry Minister Piyush Goyal on Tuesday invited all big and small retailers to join the government-promoted Open Network for Digital Commerce (ONDC), as it would help in creating huge opportunities for everybody. ONDC aims to promote an open platform for all aspects of e-commerce retail. It would help…

PhonePe Raises 0 Million Investment From Walmart in Its Ongoing Fundraise

PhonePe Raises $200 Million Investment From Walmart in Its Ongoing Fundraise

Indian digital payments firm PhonePe said on Friday it has raised $200 million (nearly Rs. 1,650 crore) from majority backer Walmart at a pre-money valuation of $12 billion (nearly Rs. 99,000 crore). PhonePe, already India’s most valuable payments firm and among the country’s most highly-valued startups, said the investment is part…

Flipkart Big Saving Days Sale 2023 Dates Announced: All You Need to Know

Flipkart Big Saving Days Sale 2023 Dates Announced: All You Need to Know

Flipkart Big Saving Days 2023 sale dates are out, and customers can purchase smartphones and electronics at a reduced cost during the upcoming sale. Card offers on various products will also be available as part of the Flipkart sale. In addition, the e-commerce platform has confirmed that the sale will…

Zypp Electric Raises  Million Funding, Aims to Expand to Mumbai, Chennai by 2025

Zypp Electric Raises $25 Million Funding, Aims to Expand to Mumbai, Chennai by 2025

Zypp Electric said on Wednesday it has raised $25 million (nearly 206 crore) in a series B funding round led by Taiwanese battery-swapping service provider Gogoro, as the Indian electric vehicle startup looks to expand to new cities and boost its fleet size. The funding round marks Gogoro’s latest effort to…

Tiger Global, Accel Mulling .5 Billion Stake Sale in Flipkart to Walmart: Report

Tiger Global, Accel Mulling $1.5 Billion Stake Sale in Flipkart to Walmart: Report

Private equity firms Accel and Tiger Global, two early backers of Indian e-commerce firm Flipkart, are in talks to sell their remaining stake in the company to parent Walmart for about $1.5 billion (roughly Rs. 12,235 crore), the Economic Times reported on Thursday. The stake, which collectively amounts to about…

PS5 India November 11 Restock: How to Pre-Order PlayStation 5, PS5 Digital Edition Horizon Forbidden West Bundles

PS5 India November 11 Restock: How to Pre-Order PlayStation 5, PS5 Digital Edition Horizon Forbidden West Bundles

PS5’s November restock, the first since the recent price hike, is here. Today at 12pm noon, both variants of Sony’s elusive next-gen console — the Rs. 54,990 4K Blu-ray-equipped PS5, and its Rs. 44,990 disc-less counterpart PS5 Digital Edition — will be up for pre-order in India. Except just like…

Amazon Seller Cloudtail India Fined Rs. 1 Lakh by CCPA for Selling Cookers in Violation of BIS Standards

Amazon Seller Cloudtail India Fined Rs. 1 Lakh by CCPA for Selling Cookers in Violation of BIS Standards

The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 1 lakh on Cloudtail India for selling pressure cookers on Amazon in violation of mandatory BIS standards. The authority has asked Cloudtail to recall 1,033 pressure cookers and also reimburse the money to customers. According to an official…