Flipkart

In a strategic push to deepen its regional logistics infrastructure, Flipkart has launched a new fulfilment centre in Patna, Bihar. Spanning 4.5 lakh square feet, the facility is expected to support over 6,600 local sellers and create more than 1,100 direct and indirect employment opportunities. The warehouse will streamline operations across multiple product categories—from mobile accessories to large appliances—serving more than 1,000 pin codes in the region.

Flipkart, the Walmart-backed e-commerce giant, has officially received a lending license from the Reserve Bank of India (RBI), confirming a significant shift in its business model. The license, granted in March, enables the company to venture into financial services, particularly offering loans directly to its customers, which could include options for purchases through instalments or EMIs. This strategic move is poised to complement Flipkart’s growing e-commerce platform, further aligning its operations with the Government of India's vision for digital transformation.

Flipkart is set to offload its entire 6% stake in Aditya Birla Fashion and Retail Ltd (ABFRL) through a block deal, in a strategic move aimed at streamlining its investment portfolio. The transaction, expected to be managed by global investment bank Goldman Sachs, is estimated at approximately Rs. 566 crore (US$68 million), with a proposed floor price of Rs. 79.5 per share—reflecting a 7.6% discount to ABFRL’s last traded price.

Flipkart, one of India’s foremost e-commerce players, is preparing for a pivotal transformation as it intensifies its focus on profitability, innovation, and localization. CEO Kalyan Krishnamurthy, addressing employees at a recent town hall, outlined plans to redomicile the company in India, citing alignment with regulatory frameworks and national priorities. He also emphasized a sixfold increase in AI investment, rapid growth in customer engagement, and a robust IPO trajectory.

In a bold move signaling its commitment to the Indian market, Flipkart, the e-commerce giant backed by Walmart, has announced its decision to shift its domicile from Singapore to India. The shift, which could pave the way for a public listing in India, is seen as a significant step towards solidifying Flipkart's position as a homegrown brand in the country. This transition will align the company’s holding structure with its core operations in India, further enhancing its ability to serve local customers and contribute to the country’s growing digital economy.

If you're in the market for a new smartphone and eyeing the flagship OnePlus 13, there’s an exciting offer waiting for you. The phone, originally priced at Rs. 69,999, is now available on Flipkart with a discount of over Rs. 9,600, bringing the price down to Rs. 64,378. Additional savings are available for customers using HDFC Bank credit card EMI transactions, and trade-ins are also encouraged to make the deal even more enticing.

In a calculated move to drive expansion and sharpen customer-centric strategies, online travel platform Cleartrip, owned by Flipkart, has appointed Manjari Singhal as its new Chief Growth and Business Officer. Singhal, a seasoned executive with a strong track record in consumer behavior and digital commerce, steps into the role following the departure of Anuj Rathi.