Amazon to acquire Indian fintech Axio in credit push
Amazon has agreed to acquire Indian buy now pay later startup Axio, deepening its push into financial services in one of its fastest-growing markets as it seeks to expand credit…
Meesho claims Indian e-commerce first with positive cash flow
Meesho has become India’s first horizontal e-commerce firm to generate positive cash flow, marking a significant shift in a market where profitability has long remained elusive even as new competitive…
Amazon and Flipkart violated competition laws in India, report says
Indian antitrust regulator has found that Amazon and Flipkart, owned by Walmart, violated local competition laws, according to a report. The finding presents a new challenge for the e-commerce giants…
India’s trade minister decries e-commerce growth, Amazon’s ‘predatory’ pricing
India’s commerce minister Piyush Goyal on Wednesday expressed concern over the rapid growth of e-commerce in the country, warning of potential disruption to small retailers. Speaking at the launch of…
Amazon considers moving Amazon Pay into a standalone app in India
Amazon is considering shifting its payments offerings in India into a standalone app, three sources familiar with the matter told TechCrunch, as the e-commerce giant aims to boost usage of…
Amazon is fumbling in India
About two years ago, a VC firm was evaluating an investment in a quick-commerce startup in India. The company’s instant delivery model was showing signs of success in the South…
Flipkart blitzes into India’s 10-minute quick delivery battle
India’s fast-growing quick commerce market is getting a new deeply-pocketed entrant: Walmart-owned Flipkart, India’s largest e-commerce firm. Flipkart has started to roll out Flipkart Minutes, its quick commerce service, in…
Can quick commerce leapfrog e-commerce in India?
Even as quick commerce startups are retreating, consolidating or shutting down in many parts of the world, the model is showing encouraging signs in India. Consumers in urban cities are…
Amazon buys Indian video streaming service MX Player
Amazon has agreed to acquire Indian video streaming service MX Player from the local media powerhouse Times Internet, the latest step by the e-commerce giant to make its services and…