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Latest News | Business Briefs 3 Flipkart Wholesale Launches Digital Platform in Bihar

Get latest articles and stories on Latest News at LatestLY. Flipkart Wholesale, the digital B2B marketplace of Flipkart Group, on Monday announced the expansion of its operations across seven cities in Bihar.

Latest News | Business Briefs 3 Flipkart Wholesale Launches Digital Platform in Bihar

New Delhi, Jul 5 (PTI) Flipkart Wholesale, the digital B2B marketplace of Flipkart Group, on Monday announced the expansion of its operations across seven cities in Bihar.

The Flipkart Wholesale app will now be available for fashion retailers in Patna, Purnea, Katihar, Munger, Madhubani, Bhagalpur and Muzaffarpur, with the expansion to other cities in Bihar planned in the coming months, a statement said.

"Bihar is an important state for us, and we are excited about growing our footprint here. At Flipkart Wholesale, our key goal is enabling the digital transformation of kiranas and MSMEs using locally developed technology and strong supply-chain capabilities," Adarsh Menon, senior vice-president and head at Flipkart Wholesale, said.

Since its launch with the fashion category in September last year, Flipkart Wholesale has expanded to over 3,000 PIN codes, engaged with hundreds of resellers and enabled over seven lakh listings for footwear, accessories and clothing for retailers.

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* Amazon Business launches 'Bill to Ship to' feature

* Amazon Business on Monday announced the launch of its 'Bill to Ship to' feature that will help business customers with GST registration in only one state to claim tax credit for orders delivered across India.

Amazon Business customers, who have GSTIN registration for one or few states but want to get their shipments delivered across the country, can now use this feature and manage their indirect office expenses better, a statement said. Until now, Amazon Business customers were able to get GST invoices only for the orders shipped to a state where they had a GSTIN registration.

This caused customer inconvenience, as billing address on the invoices were same as shipping address and customers who did not have GSTIN for shipping address could not claim GST Input tax credit for such orders, the company said.

"With the launch of the 'Bill to Ship to' feature we have taken a lead in solving this unique customer problem and offered a solution which allow them to claim GST credit on their billing address for their pan-India shipments," Peter George, director of Amazon Business, said.

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* Over 1.2 mn customers shop for 4 mn products on Day 1 of Myntra's EORS

* Myntra on Monday said over 1.2 million customers purchased four million products, recording the highest-ever opening day traffic sessions growth during the fashion e-commerce platform's End of Reason Sale (EORS).

Nearly 53 per cent of first-time customers came from tier-II and beyond cities, making their first purchase on Myntra, a statement said. In the biggest-ever spike, one million new customers installed the Myntra app, making the most of the Day 1 value offers, it added.

The company said the 14th edition of its EORS saw customers purchasing 2.7 million products during early access.

"Day 1 of EORS always is the most exciting time for us as well as shoppers and our partners. With the largest opening day ever, this EORS is a testimony to how customers continue to place their trust in Myntra and see value in our offerings, as it serves as the harbinger of revival for the fashion ecosystem," Amar Nagaram, CEO of Myntra, said. HRS hrs

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)