Revenue of food delivery giant Swiggy has grown 2.8 times in the last one year, between June 2020 and June 2021, Japanese conglomerate SoftBank’s Masayoshi Son highlighted in a post-earning presentation.
The Supreme Court on Monday declined to entertain a plea by e-commerce giants Amazon and Flipkart, saying they must face inquiry by Competition Commission of India (CCI) for anti-competitive practices.
India’s Enforcement Directorate (ED) has reportedly warned Walmart-owned Flipkart and its founders — Sachin Bansal and Binny Bansal — with a $1.35 billion penalty for alleged violation of the country’s foreign investment laws.
Facebook Pay is arriving on other online shopping platforms, starting with e-commerce platform Shopify, that will help businesses ensure a seamless checkout experience for their customers on their own websites.
Amazon on Thursday announced that it is all set for its annual Prime Day event in India on July 26 and 27 that will deliver deals and savings across categories, including smartphones, consumer electronics, TVs, appliances, etc.