Wed, May 22, 2024
The bank, a subsidiary of telecom major Bharti Airtel, said it witnessed significant momentum in savings account acquisitions in Q4FY24 and now onboards over a million new customers monthly.Its monthly transacting users (MTU) grew to 80.4 million, and its gross merchandise value (GMV) reached Rs 2,550 billion.
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The company registered a net profit of Rs 2.27 crore in the January-March period a year ago, according to a regulatory filing.
Fri, Dec 02, 2022
The comapany's net payments margin grew manifold to Rs 443 crore in September 2022 from Rs 84 crore a year ago.
Tue, Sep 26, 2017
Here's how a five day sale helped the e-commerce industry spike revenues with Flipkart emerging victorious in this year's festive season sale.
Mon, Sep 25, 2017
Initial reports suggest that Flipkart sales during the five-day festive sales period has been double that of Amazon.
Thu, Sep 21, 2017
After the first day of the festive season sales on e-commerce websites we tell you what’s hot and what’s not this sale season.
Fri, Sep 15, 2017
With less than a week to go before the e-commerce sites unleash their yearly dose of 'festive sales' here's just how much Indians love to shop especially during sale days.
Fri, Aug 18, 2017
India's high disposable income population have confusing shopping habits which fluctuate between offline to online. E-tailers that are feeling the pinch will now be venturing into offline retailing.
Mon, Apr 24, 2017
Still a feature phone market, more than six out of 10 mobile phones to be sold in India in the coming few years are likely to be smartphones. Will the e-commerce boom be able to suffice on smartphone sales alone?
Fri, Feb 24, 2017
Mobile wallet company MobiKwik announced on Thurday to invest Rs 300 crore in 2017 for funding its loyalty initiatives, expanding its reach and network, and launching other financial services such as loans and investments on its platform.
Thu, Jan 12, 2017
Only one out of 20 e-sellers on e-retailing sites achieve GMV sales of Rs 2.5 lakh every month.
Tue, Jan 10, 2017
The mobile wallet company also announced that it will have zero surcharge on all transactions at petrol pumps and on LPG gas payments.
Wed, Aug 24, 2016
Myntra, India's leading platform for fashion brands and pioneer in m-commerce play, has crossed $1 billion run rate in annualized GMV post discounts in July 2016. This is the first time ever that an Indian fashion brand has recorded $1 billion run rate in annualized average GMV.
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