Skip to main content

Flipkart launched ebook application on android platform; Enforcement Directorate to probe Flipkart

By

Indian e-commerce giant Flipkart announced today the launch of ebook application on Flyte digital store. To woo the customers company has offered  4000 free ebooks to download. Currently, total number of ebooks are close to 70,000. If you compare between the price of ebooks available on digital store is little less than physical books. From our sources we got to know that they are soon coming up with Windows app too.





Looks like Flipkart is going an Amazon way. Currently Amazon controls about 60 percent of the e-book market share. Overall the market share in US and European markets for digital trade books is currently at 50%. In the US, the eBooks market recently crossed $1 billion in annual sales.  Indian markets are also getting matured and we see the spiral growth in digital book readership.

ED to probe Flipkart

Couple of months back BusinessWorld has covered a very good story on FDI in Indian Ecommerce titled  “FDI Escapades”. It has covered majority of big daddy of Indian online retail Industry  highlighting how e-tailers have created multiple identities to get around the foreign direct investment regulations.

Flipkart is also one of them and it is now under the scanner for allegedly violating FDI rules. FDI regulation allows e-commerce companies with foreign investment to carry out B2B transactions but not B2C transactions.

Typically, all foreign funded E-commerce companies are allowed to do wholesale trading with B2C companies that are unrelated and can do wholesale trading with a group company only if it does not exceed 25 per cent of its total turnover and is used for internal consumption. Many ecommerce companies are alleged for flouting these rules by creating multiples shell companies to show transactions.

Image Credit: Flipkart

Labels:

Popular posts from this blog

Apologies, From Flipkart : Mail Sent to All Customers

By
Flipkart has sent a mail to all its customers. It's good. Flipkart has learnt post Mi3 debacle where lot of customers would like to buy the product . Flipkart has started communicating to  customers . It is like Narendra Modi Style. Communicate with your Audience . Always be in Touch. Below is the mail Content. Dear Customer,  Yesterday was a big day for us. And we really wanted it to be a great day for you. But at the end of the day, we know that your experience was less than pleasant. We did not live up to the promises we made and for that we are really and truly sorry.  
Continue Reading >>

Alibaba plans direct entry to India. Do Flipkart and Amazon need to worry ?

By
G ood news for consumers especially for those who are ordering from Alibaba (China) and wait for their products to arrive after 45 days . Many of Indian online consumers order directly from Alibaba as the cost advantage is huge (almost as low as 20% - 30% of the price you get it from Flipkart and Amazon) .  They get their products from Aliexpress (Alibaba logistics arm) after 45 days. " We buy electronics items quite frequently from Alibaba and the prices are very low compare to Indian online retailers", said a frequent buyer from India. Many traders get their product directly from Alibaba after paying import duty and still it is quite cheap. They sell these products on Indian marketplace like Flipkart and Amazon.  If you see the math, it is quite simple . Flipkart and Amazon charge approximately 20% commission from the sellers. Sellers add his markup price on top of delivery charges , transaction charges plus market place commission, import duty from China, sel...
Read more

Snapdeal is sold to Flipkart or Paytm ? Talks are on !

By
It is too early to comment who will be strengthening the ecommerce muscle by buying a unicorn like Snapdeal. Talks are on of selling Snapdeal to Flipkart or Paytm but all the three companies have denied it. The whole discussion came into picture when Softbank decided to talk about $50 million of bridge finance to support this initiative  This news first came out in an online daily newspaper The Mint . Your information is incorrect and without basis. We are making decisive progress in our journey towards profitability and all our efforts are aligned in this direction.  the spokesperson said in an email to Mint. Earlier this year, Snapdeal has laid off over 600 employees to restructure its business and wanted to become profitable . This Financial year Snapdeal has reported a loss of  $14.93 million.  Who is buying Snapdeal - Paytm or Flipkart ? Let's examine who will be the potential beneficiary of this deal if it happens. Recently Flipkart has rais...
Read more