Tag: Flipkart

14
Oct
2020
Posted in technology

Flipkart Banking On Fintech To Boost The Big Billion Days Sale

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Flipkart has announced partnerships with several banking, insurance and financial service entities, ahead of The Big Billion Days, to make shopping on the platform more affordable than before.

Through these partnerships, the company is offering affordable credit options through seventeen leading banks, NBFCs (non-banking financial companies) and fintech players on the platform, which will drive credit accessibility for over 70 million customers.

Flipkart has partnered with State Bank of India (SBI) and SBI Card to provide a 10 per cent discount to their debit and credit cards holders.

“At Flipkart, customer-centricity is at the heart of all our endeavors, as we create increased shared value for all our stakeholders and partners in the ecosystem. By facilitating credit and insurance access, and simplifying payments for over 250 million customers across the country, we are reinforcing our commitment to helping fulfill their aspirations without the burden of financial constraints. Through these partnerships and their expansion, we hope to take the promise of The Big Billion Days to more customers to enable meaningful growth,” said Flipkart head of fintech and payments group Ranjith Boyanapalli, in a promising tone.

With the launch of Kotak Mahindra Bank and Federal Bank Debit Card EMI payment option, customers can now avail pre-approved credit from seven leading banking and fintech giants.

“We are delighted to associate with Flipkart as an exclusive credit card partner for the flagship The Big Billion Days shopping festival. We have had a long association with Flipkart and this is another collaboration which will bring our customers the best from both partners. SBI Card customers can

08
Oct
2020
Posted in internet

Flipkart, Paytm, Byjus, PhonePe to Zomato, Bernstein highlights top private Internet firms that may go for IPOs in 2021 and beyond





© Provided by Zee Business


Some of the names highlighted in this report are the ones whose services all of us use in our day to day life – Flipkart, Paytm, Byjus, PhonePe, Zomato, Policybazaar, Delhivery, Big Basket. Bernstein says these companies may well go for IPOs in 2021 and beyond.

These companies have significant market share in their respective industry and they have thrived extremely well during tough situations in Indian market. As we have seen in the past few months, many new companies have got listed in Indian market and their IPOs were highly oversubscribed in the retail category too. Also, the majority of these IPOs did reward investors with extremely high returns which makes them all the more attractive. 

Now, retail investors can monitor these companies in internet space extremely closely as they have a humongous growth potential in India and can give excellent returns to investors. Many retail investors are not only looking at these IPOs for listing gains but also as a strong investment theme which can yield handsome returns in the next few years.

THE INTERNET ECOSYSTEM THEME IN INDIA

The growth in Indian E-Commerce is driven by online penetration (still very low penetration in eCommerce and life services), offline integration (internet companies turning offline as an addressable market), and traffic concentration, which is the conglomerates premium.

 The E-Commerce market is expected to grow from US $24 bn in 2018 to US $133 bn in 2025 (CAGR of 30%). Online shoppers are projected to reach 330 mn by 2025, driving online retail market growth. The increase in internet penetration, higher per capita income, broader selection, and convenient delivery are driving adoption and growth.

 Life services and Food delivery which includes food delivery, ride hailing, and online travel booking is expected to increase from US

08
Oct
2020
Posted in internet

Flipkart, Paytm, Zomato gear up for IPOs; India’s internet giants up for listing in 2021 and beyond

Internet giants Flipkart, Paytm, Zomato, Big Basket and others could be in for making their stock market debuts in 2021 and beyond that, said a report by global brokerage and research firm Bernstein. These Indian unicorns are now household names in tier-1 and tier-2 cities across India and have a significant stake in their respective industry. Recently, stock markets have witnessed a rush of initial public offerings, and retail investors have been at the forefront when it comes to subscribing to these issues. Individual investors have oversubscribed all the IPOs in recent months.



With the entry of these internet giants, the IPO market could be on its way to become more appealing to retail investors.


© Provided by The Financial Express
With the entry of these internet giants, the IPO market could be on its way to become more appealing to retail investors.

With the entry of these internet giants, the IPO market could be on its way to become more appealing to retail investors. Serving the e-commerce, fin tech, ed tech, and food delivery industry these companies are expected to see their business flourish with the augmentation and acceptance of the internet ecosystem in India. However, so far none of these companies have initiated any proceedings with the market regulator that could hint that they are seeking to be listed on bourses.

Flipkart

The leading e-commerce website in India is valued at $25 billion, according to the last round of funding which was in July this year. Backed by US-Retail giant Walmart, Flipkart is battling it out in the e-commerce space with Amazon and now Reliance Jio Mart. “E-Commerce in India has low penetration, but the market is growing rapidly. E-Commerce is expected to grow more than five-fold to US$133 Bn by 2025,” the report noted. Currently e-commerce has a low penetration in India with less than 5% of the market share but the same is pegged to cross 10% by