Flipkart puts fresh foods platform plan in cold storage
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The Flipkart management is said to be of the view that it will be difficult to drive traffic to, or exploit synergies with, its flagship e-commerce marketplace.
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The government, last year, rejected Flipkart’s foreign direct investment (FDI) application to set up Flipkart FarmerMart.
Kolkata: Walmart Inc.-owned Flipkart is likely to suspend plans to set up a separate platform to sell food directly to consumers, said two industry executives. The management is of the view that it will be difficult to drive traffic to, or exploit synergies with, its flagship e-commerce marketplace, the people said.
ETtech Morning Dispatch on 20 Jan. 2021: Top tech news to start your day
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Last Updated: Jan 20, 2021, 08:39 AM IST
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From Tata s plans to infuse cash into BigBasket and 1mg to India mounting troubles for WhatsApp, Amazon and Walmart-Flipkart, here s a look at the tech news to start your day.
ETtech
Good morning, ETtech Reader,
India wants WhatsApp s privacy policy changes withdrawn. The Tata Group is close to announcing big investments in BigBasket and 1mg as part of an acquisition drive for its Super App plans. Flipkart is likely to suspend plans to set up a separate platform to sell fresh food directly to consumers. And a new government notification may hit foreign ecommerce biggies.