Latest news with #Flipkart
CNA
an hour ago
- Business
- CNA
Google begins direct online sales of Pixel phones in India
Google on Thursday began direct online sales of its popular hardware devices in India, including Pixel phones, watches and earbuds, ahead of an anticipated launch of its first physical stores in the South Asian nation. The Alphabet-owned firm said it has for the first time enabled direct online purchases for Indian users on the official Google Store website. The company currently sells it products in India through authorised retailers and via Walmart-backed e-commerce platform Flipkart. Apple , its bigger rival in the premium smartphone category, already sells its phones directly to Indian users, and operates its own retail stores in Mumbai and in New Delhi, with more planned. Google is close to deciding on locations in India where it will open its first physical retail stores outside the United States, Reuters reported in February. In launching the physical stores, Google has sought to mirror a retail approach that helped Apple Inc rake in billions of dollars in the last two decades by showcasing its own products. Apple has 500 plus stores worldwide. Pixel phones in India cost from about $360 to $1,900 for top-end models. Apple's iPhones cost from about $520-$2,100. Google has also started making Pixel smartphones in India. In 2024, Apple dominated the local market for premium phones, priced above $520, with a roughly 55 per cent share, compared with Pixel's 2 per cent share, estimates from research group Counterpoint showed. The fast-growing Indian market has about 712 million smartphone users currently.
Reuters
2 hours ago
- Business
- Reuters
Google begins direct online sales of Pixel phones in India
May 29 (Reuters) - Google on Thursday began direct online sales of its popular hardware devices in India, including Pixel phones, watches and earbuds, ahead of an anticipated launch of its first physical stores in the South Asian nation. The Alphabet (GOOGL.O), opens new tab-owned firm said it has for the first time enabled direct online purchases for Indian users on the official Google Store website. The company currently sells it products in India through authorised retailers and via Walmart-backed e-commerce platform Flipkart. Apple (AAPL.O), opens new tab, its bigger rival in the premium smartphone category, already sells its phones directly to Indian users, and operates its own retail stores in Mumbai and in New Delhi, with more planned. Google is close to deciding on locations in India where it will open its first physical retail stores outside the United States, Reuters reported in February. In launching the physical stores, Google has sought to mirror a retail approach that helped Apple Inc (AAPL.O), opens new tab rake in billions of dollars in the last two decades by showcasing its own products. Apple has 500 plus stores worldwide. Pixel phones in India cost from about $360 to $1,900 for top-end models. Apple's iPhones cost from about $520-$2,100. Google has also started making Pixel smartphones in India. In 2024, Apple dominated the local market for premium phones, priced above $520, with a roughly 55% share, compared with Pixel's 2% share, estimates from research group Counterpoint showed. The fast-growing Indian market has about 712 million smartphone users currently.
Mint
16 hours ago
- Business
- Mint
Myntra secures over ₹1,062 crore funding from FK Myntra Holdings
New Delhi: Online commerce platform Myntra, part of Walmart-backed Flipkart Group, has raised ₹ 1,062.50 crore from parent FK Myntra Holdings Pvt Ltd (Singapore), according to financial data accessed by business intelligence platform Tofler. This investment involved the issuance of 1.94 million shares to the parent. Each share had a nominal amount of ₹ 1 with a significant premium of ₹ 5,465.23 per share. The move comes as Myntra has been expanding the scope of its business both in India and overseas. Earlier this month Myntra announced its entry into international shipping, starting with Singapore, to cater to the substantial Indian diaspora overseas with subsequent plans to expand in other markets. Myntra, started in 2007, has 70 million monthly active users and sells a range of international as well as homegrown apparel , beauty and home goods. In 2024 the company had received $81 million in funding from parent Flipkart, per news reports. Flipkart had acquired Myntra in 2014. Last year, the retailer piloted a quick delivery service in November and subsequently scaled up its 30-minute delivery in Bengaluru. More markets like Delhi now receive faster deliveries. Additonally, Myntra has been expanding its brand partnerships in the face of a greater competition at home. Myntra competes with Ajio, Meesho and Nykaa Fasion among others. Last year, Myntra announced a multi-year franchise partnership with NYSE-listed Abercrombie & Fitch Co. paving the way for the launch of Abercrombie & Fitch and Hollister stores in India. Facilitated through Myntra's business-to-business wholesale entity, this collaboration will see Myntra Jabong establish brick-and-mortar stores, regional e-commerce sites, and branded digital storefronts in India, leveraging a network of licensed and independent third-party operators. It has similar partnerships with Mango, Nautica, and British retailer Next. Last fiscal year, Myntra's revenue from operations grew 14.7% to ₹ 5,121.8 crore, per regulatory filings.
GSM Arena
18 hours ago
- Business
- GSM Arena
First teaser image of the Nothing Phone (3) offers a microscopic glimpse at the new model
It has been two years since Nothing last launched a premium phone, but the wait is almost over – the Nothing Phone (3) is coming in July and we already have our first microscopic glimpse at the new model. Here it is, shared by the official Nothing account on X: Your first look at the Nothing Phone (3) Not much to look at, but it ties in perfectly with Nothing's established style. Here's another look, this time coming from Flipkart in India. Flipkart is a regular partner for the company. Indeed, the Nothing Phone (2) launched on Flipkart back in July 2023. The Nothing Phone (3) will be sold in India through Flipkart Earlier this month, CEO Carl Pei revealed that the Nothing Phone (3) will be 'around £800' (that would be around ₹92,000). This is rumored to be a proper flagship device, though Pei is keeping his cards close to the chest. For comparison, the Phone (2) started at £580/₹45,000 (8/128GB), so we're looking at a significant price jump. Source
Mint
18 hours ago
- Business
- Mint
Myntra secures over ₹1,062 crore funding from FK Myntra Holdings
New Delhi: Online commerce platform Myntra, part of Walmart-backed Flipkart Group, has raised ₹ 1,062.50 crore from parent FK Myntra Holdings Pvt Ltd (Singapore), according to financial data accessed by business intelligence platform Tofler. This investment involved the issuance of 1.94 million shares to the parent. Each share had a nominal amount of ₹ 1 with a significant premium of ₹ 5,465.23 per share. The move comes as Myntra has been expanding the scope of its business both in India and overseas. Earlier this month Myntra announced its entry into international shipping, starting with Singapore, to cater to the substantial Indian diaspora overseas with subsequent plans to expand in other markets. Myntra, started in 2007, has 70 million monthly active users and sells a range of international as well as homegrown apparel , beauty and home goods. In 2024 the company had received $81 million in funding from parent Flipkart, per news reports. Flipkart had acquired Myntra in 2014. Last year, the retailer piloted a quick delivery service in November and subsequently scaled up its 30-minute delivery in Bengaluru. More markets like Delhi now receive faster deliveries. Additonally, Myntra has been expanding its brand partnerships in the face of a greater competition at home. Myntra competes with Ajio, Meesho and Nykaa Fasion among others. Last year, Myntra announced a multi-year franchise partnership with NYSE-listed Abercrombie & Fitch Co. paving the way for the launch of Abercrombie & Fitch and Hollister stores in India. Facilitated through Myntra's business-to-business wholesale entity, this collaboration will see Myntra Jabong establish brick-and-mortar stores, regional e-commerce sites, and branded digital storefronts in India, leveraging a network of licensed and independent third-party operators. It has similar partnerships with Mango, Nautica, and British retailer Next. Last fiscal year, Myntra's revenue from operations grew 14.7% to ₹ 5,121.8 crore, per regulatory filings. Myntra did not respond to requests for comments regarding the fundraise.
