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Bengaluru-based Flipkart has logged its highest-ever single-day sale, grossing about $200 million in a milestone that underscores the scale of India’s online retail market. The performance marks the strongest one-day showing since the company’s launch in 2007 and highlights the continued pull of festive and discount-led e-commerce demand.
Flipkart has posted its highest-ever single-day gross merchandise value, crossing $200 million in a milestone sale that underscores the scale of India’s e-commerce market. The Bangalore-based company said the performance marks its strongest one-day showing since its launch in 2007, reflecting resilient consumer demand and the continuing importance of festive-season commerce.
Snapdeal parent AceVector's Rs 420 crore initial public offering got off to a measured start on Thursday, with the issue subscribed 23% by the close of the first day of bidding. Retail investors drove early interest, booking 62% of their allotted quota, while qualified institutional buyers had yet to enter the issue.
Enterprise tech startup CodeKarma is in discussions to raise between $5 million and $6 million in a fresh funding round led by existing backers Prosus and Accel, according to sources. The proposed financing comes just over a year after the Bengaluru-based startup's $2.5 million pre-seed round and amid rising investor appetite for software-development tools built for the AI era.
Amazon India is reportedly preparing to invest $3 billion in its quick commerce arm, Amazon Now, through 2030, marking one of its biggest bets yet on the fast-growing instant delivery market. The move comes as the company races to scale dark stores, improve inventory systems and use AI-driven demand forecasting to challenge entrenched rivals such as Blinkit, Zepto and Swiggy Instamart.
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