Fashion e-commerce store, Myntra recently made headlines when it announced that it will be shutting down their website and will be solely an app-based business. Myntra and its parent company, Flipkart have already shut down their mobile websites and are only accessible through their apps. This exclusive app based model raises several questions, most important of which is; why are we being forced to download more apps, has the smartphone consumer base grown strong enough to support the app-only business model?
The switching of Myntra to an app-only business entity might make sense to the e-tailor. The company claims to make 85 percent of all visits from its smartphone app and [...]
E-commerce website, Snapdeal, is one of the most prominant players in the market along with Flipkart and Amazon. The company has now announced that it has acquired the mobile payment app, Freecharge. With this move the company hopes to gather more users as well as create new services to extend its offerings.
FreeCharge lets users pay for their mobile recharges, DTH and utility for multiple service providers. Every day 75 million mobile recharges are done in India out of which only 3 Million are done online, so it is definitely a massive market to have captured. While the service providers do provide online payment [...]
The online fashion retailer Myntra has decided to shut down its website completely. From May 1 this year, the online vendor will become an mobile retailer, limiting itself to the app only. It’s a first by any e-commerce player to slay off its web division to become a mobile only entity.
We earlier reported about Myntra is shutting down its mobile website, now at the end of this month, its website will also shut down.
The reputed publishing daily says that although Myntra officials haven’t commented on the report, they’ve got a trusted insider source who has revealed [...]
Mobile payments have now been around for a while. A large number of users have by now grown accustomed to paying for their shopping through their phones. Apple and Samsung have also introduced new technologies that lets you use your phone as a credit/debit card. But the Chinese e-commerce company, Alibaba, has given a whole new look to mobile payment and has made spending your hard earned cash more fun.
RT @Alizila: Jack Ma demonstrates the future of payment technology @cebit pic.twitter.com/2jObS8YwtU #CeBITopening
— CeBIT (@cebit) March 15, 2015
Alibaba founder Jack [...]
Chinese handset maker, Xiaomi, will be taking legal action against websites who are selling its phones illegally in India and infringing on the company’s trademark. The issue came into prominence when Ericsson alleged that Xiaomi was selling it’s products illegally through third party websites. The company is going through a patent dispute with equipment maker Ericsson.
Ericsson had alleged earlier this month that Xiaomi was selling Mediatek chipset powered smartphones through the site Xiaomishop.com. Ericcson claimed is it as a violation of the interim order of the Delhi High Court that allowed the company to [...]
Indian mobile phone brand Lava was all ready to unveil its brand new device to take on the likes of the Redmi Note and the Yureka. On its website, it only posted the number 8 with the tagline “Get Ready to do more!” calling it their latest flagship offering. Now the company has officially launched the device and its called the Lava Iris X8.
Earlier Flipkart had mistakenly leaked the specs of the device. The listing was later removed, but it did flaunt off some impressive specs which got folks excited for the device.
China is doing everything in its power to excite foreign investors to come invest their resources in their country. The government of China has now allowed foreign investors to hold 100% stake in e-commerce companies in Shanghai’s Free Trade Zone.
This new policy comes from China’s Ministry of Industry and Information Technology. Previously the investors needed to partner with a Chinese company to conduct business. They were also only allowed to own 55 percent stake in the company. China aims to gather more access to retailers and consumers outside the country.
Flipkart is the king of the e-commerce space in India. In just a few years of its existence, it has made a name for itself as a trustworthy marketplace. The company has a base of more than 26 million registered users. But it found itself in an unfavorable situation when the Income Tax department slammed a penalty of Rs. 23.51 crore.
The Income Tax (IT) department from Noida and Ghaziabad carried out raids at the Dasna based warehouse of the company in Ghaziabad. The books of the firm were seized by the authorities, and several irregularities were observed. According to the officials the company collected taxes from the [...]
Shopping online is the biggest thing at present and is so possibly the future ; so much so, that certain companies are resorting exclusively to online sales. A good e-commerce website should be well designed with a stunning layout, user friendly interface, easy to browse -search -checkout, good customer service and have a variety of products all under one roof. Should have a great and working Mobile App that offers quick access in our low network land.
Voting is now Closed! The Winner for the Best E Commerce Website in the iGyaan Tech Awards 2014 is Flipkart.com
The winner of the giveaway is announced HERE.
Back To Awards [...]
All the industry giants are pointing towards wearable technology as the next leap in consumer electronics. But the market has given the segment a lukewarm response. It must have to do with the technology being relatively new and in its beginning stages. But Flipkart seems to be confident of the success of this form factor and so, they have launched the first Indian e-commerce app on Google Android Wear.
To get the app on your device; you need to update the latest version of the Flipkart app. Once you have paired the device with your wearable, the app will be available automatically on it.
Flipkart, India’s largest online retail portal, took a great leap this year when it bought Myntra for $330 Million. It was the largest acquisition in the Indian E-commerce sector since last two years. Flipkart is now in battle with Amazon.in and they are locked in competition for the throne of the biggest e-commerce website in India. The invasion of giants like Ebay and Amazon is forcing Indian online retailers to get critical masses to compete.
Founded by two ex-employees of Amazon, Flipkart is expanding day by day and is introducing new categories to their site. They also [...]