Less than a week after Amazon launched its premium shipping service in India, homegrown rival Flipkart has launched its next day guaranteed delivery service for customers.
Flipkart eBooks, which celebrated its first anniversary on November 28th, has introduced Text to Speech on the Android app, a feature very helpful for the visually challenged, along with a bunch of other features on their apps across platforms.
Amazon.in and Flipkart have finally launched iOS versions of their respective mobile shopping app for iPhone and iPad users in India.
Naspers paid $140 mn for 8.6% in Flipkart in July. At the time of investment, Flipkart would have been valued at $1.6 bn.
For all those who missed out on the action, here is a curated list of all the stuff that we covered last week.
It is now up to Malviya and his army of engineers to keep the company ahead of the technology curve, even as Amazon brings world class tech to tap India’s growing e-commerce market.
Not that they aren’t doing great individually, but given the current bloodbath in this space (and drying funds), maybe Flipkart & Myntra should explore a deeper channel that will make 2+2, 22.
Private Equity & VC investment in Flipkart & other tech companies like GlobalLogic, Komli & Druva pushed up deal values in October.
Almost inevitably, the marketplace bears the brunt of the consumer’s ire. After all, it is their brand and often inducement that draws a buyer in and ensures a purchase happens.
So given this new reality of the marketplace, what else can the e-commerce players do so that they both continue to be seen as preferred destinations, yet do not bear the complete burden of their vendors’ actions?
Amazon, which recently entered India has, launched its mobile shopping app for Android smartphone users in India. With this launch customers will be able to access the complete range of products available on Amazon.in that include books, movies, mobiles, electronics, toys, baby, personal care appliances, health care devices, watches, fashion jewellery, home & kitchen products and more.