Overall losses despite positive sales numbers. Increase in both revenues and losses For its year ending in March 2019, Flipkart India, the wholesale division of Flipkart, reported sales revenues of approximately US$4.33bn. Separately, Flipkart Internet, which operates its marketplace, also reported sales revenues of US$593m. Although this represents a 51% year-on-year increase for Flipka...

Walmart owned ecommerce retailer in India creates Farmermart to focus on grocery retail. Intends to sell directly to shoppers   With an initial investment of US$350m, Flipkart has registered a new entity to focus on online grocery retailing. Through Farmermart, the company intends to begin selling fresh groceries, as well as to develop its own range of private label products. If successful,...

Amazon has doubled its delivery network in India ahead of its flagship sales event, Amazon Great Indian Festival Sale. Delivery network expansion Amazon has significantly expanded its supply chain network throughout India to more than 1,400 delivery stations across 750 cities. The expansion aims to strengthen Amazon’s capacity ahead of the festive season. Amazon said over 100 delivery stati...