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Flipkart intends to launch new fintech business categories, hires Silicon Valley execs

10 Jun

By Ashvita Anand, The Tech Portal

Flipkart, which already has plans to enter categories like furniture and groceries is now looking to tap the fintech sector as well. Currently, India’s largest online marketplace, the e-commerce company is looking to hire executives from Silicon Valley to assist them in entering areas of AI (artificial intelligence) and ML (machine learning) while moving away from previous initiatives like assisted commerce. (more…)

Flipkart now wants to become GST Suvidha Provider, applies for a license

24 May

By Jeet Suthar, The Tech Portal

Flipkart, one of the leading homegrown e-commerce marketplaces, has applied for a license to become GST Suvidha Provider (GSP). This move is said to be a strategic one to expand its seller base. (more…)

At a $11.6Bn valuation, Flipkart scores a hefty $1.4Bn from Microsoft, Tencent & eBay

13 Apr

By Anmol Sachdeva, The Tech Portal

Finally, putting an end to the continuous stream of rumors and speculations, Flipkart has today confirmed everybody’s suspicions. It has now been announced that the homegrown e-commerce giant has finally added a whopping $1.4 billion to its depleting coffers. It has managed to secure this investment at a post-money valuation of $11.6 billion from the likes of Tencent, eBay, and Microsoft. (more…)

SensibleVision Launches “Spoof-Proof” Facial Authentication for Mobile and Desktop

10 Apr

Redefining how enterprises and users securely access their apps, mobile phones, tablets, and computers, SensibleVision today introduced a virtually spoof-proof facial recognition authentication solution that cannot be fooled with photographs or video. (more…)

Flipkart Plans to Deploy Artificial Intelligence to Enhance Customer Shopping Experience

10 Apr

By Simran Agarwal, The Tech Portal

As soon as co-founder Binny Bansal assumed the chief executive position for Flipkart early last year, he outlined his plans for driving innovation in mobile commerce by integrating disruptive technologies. Following in the footsteps of its foreign competitors, Flipkart will soon introduce AI (Artificial Intelligence) assistance for its customers for helping them during online purchases. (more…)

To Tap Into Huge Chinese E-Commerce Market, Foreign Companies Need To Better Understand This Complicated, Segmented Audience

10 Feb

Singles Day in China — also known as “11.11” to signify four singles on Nov. 11 – has become an e-commerce bonanza for retailers offering their products to a new internet-savvy generation wishing to purchase gifts for themselves or for a potential mate. (more…)

Flipkart Has Had the Highest Number of Senior Level Exits with Shortest Tenures

29 Dec

By Jeet Suthar, The Tech Portal

Flipkart, the homegrown e-commerce platform, is aggressively competing with Amazon India for the pole position in the market. While it is arguable that currently who is leading the race but Flipkart has emerged as a leader in another area. Flipkart has seen the highest number of senior level exits this year. (more…)

Flipkart Looks to Enter Grocery Segment, with Finalised Plans of Launching a Revamped Furniture Store

22 Nov

By Jeet Suthar, The Tech Portal

In the highly competitive online retail space of India, Flipkart is now reportedly going to focus on groceries and furniture. The move is aimed at take on its rival Amazon to become the market leader, and perhaps also take on other individual retailers in the respective segment. (more…)

Uber Launches Its First Debit Card in Latin America, in Partnership with Bankaool

4 Nov

Uber, the ride-sharing app that allows users to request safe, reliable and affordable rides with just a tap, in partnership with Bankaool, the first Mexican online bank, and Mastercard, the industry leader in electronic payments, announced the launch of Uber Bankaool Debit Card, an innovative solution that offers an alternative way to pay for rides, using a mobile banking app. (more…)

Flipkart Big Billion Days 2016 Take off, Hit the Ground Running

4 Oct

By Mudit Mohilay, The Tech Portal

Flipkart’s annual shopping fest has kicked off to a great start. In fact, great might just become an understatement before the event concludes — Considering that the company has managed to sell off over half a million products within one hour on Day 1 of the sale. (more…)