India's leading e-commerce company Flipkart has named a new chief executive in a restructuring that moves its current CEO into a strategic role to counter competition from rivals such as Amazon's Indian operation.
Revenue growth at emerging markets-focused retailer Global Fashion Group, which is backed by investors Kinnevik of Sweden and Germany's Rocket Internet, slowed in the third quarter, although its losses narrowed.
India's top e-commerce player Flipkart plans to move into the groceries space and make a renewed push in the online furniture business, as it expands its product portfolio and looks to outmaneuver global giant Amazon.
India's biggest e-commerce firm Flipkart is buying domestic online fashion retailer Jabong from Global Fashion Group for $70 million in cash, the latest consolidation move in the country's e-commerce sector as competi...
Future Group founder and CEO Kishore Biyani is disdainful towards the online fashion retailing business, and insists that he doesn’t find “model of spending so much money to acquire a customer”, appealing.