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Amazon Posts 67% Increase In Sales Volume Growth

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Amazon Posts 67% Increase In Sales Volume Growth,Startup Stories,2017 Business News Update,Amazon Volume Growth,Amazon India Increase Sales Volume,Amazon Business News 2017,Amazon Gross Sales Value Increase,Amazon India Gross Sales,Amazon Sales September Quarter

Amazon India, the Indian arm of the ecommerce giant Amazon, reported a 67% increase in sales volume in the September quarter. The company claims from April to September, their gross sales rose much faster than of their rival, Flipkart.

While Amazon claimed their gross sales value increased by 72% during this quarter, Naspers previously reported Flipkart grew 43% during that period. The global ecommerce giant further added Amazon India’s gross sales rose 66% in those six months. According to brokerages and experts tracking ecommerce in India, the online retail market is estimated to be growing by roughly 25% to 30%.

However, according to a Flipkart spokesperson, the figure cited by Naspers included “a time lag” and the firm’s sales actually grew by “at least 80%” in April-September. Livemint reported, in an emailed response Flipkart’s spokesperson said, “Flipkart continues to outpace the industry and our growth has accelerated significantly during the July-September quarter on the back of a very strong festive season. This report actually refers to the January-June period and, as all growth data, has a lag of three months so the comparison isn’t like for like or relevant.

Despite Amazon India posting an increase in sales volume, Amazon’s overall sales volume growth actually slowed considerably from the preceding two quarters, where it grew by 85% and 88%, respectively. Flipkart, which enjoys a bigger consumer base in India, also beat Amazon during the festive season sale, generating gross sales of over Rs. 5,000 crores. During its four day Great Indian Festival sale, Amazon, on the other hand, generated gross sales of Rs. 2,500 to Rs. 2,700 crores.

Nevertheless, Amazon has disputed the claim that it lags behind Flipkart and argues it is well ahead of the Bengaluru based ecommerce company in terms of metrics such as app downloads, desktop visits and mobile website visits. On the global front, Seattle based Amazon has also locked horns with technology giant Google over selling Google products on its ecommerce platform.

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Dunzo Gets Breather as NCLT Rejects Insolvency Petition from Invoice Discounters

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Dunzo

The National Company Law Tribunal (NCLT) Bengaluru bench has dismissed an insolvency plea filed against quick commerce startup Dunzo by its invoice discounters, declaring the petition “not maintainable” after several postponements. This decision offers temporary relief to Dunzo, which has been facing multiple insolvency petitions from various creditors, including Velvin Packaging Solutions and Betterplace Safety Solutions, over unpaid dues.

The invoice discounters alleged that Dunzo had paid only 50% of the required amounts, though the exact sum was not disclosed. Despite ongoing settlement talks, no resolution was reached, and the tribunal noted Dunzo’s delays in responding to creditor petitions. Dunzo continues to grapple with severe liquidity issues, delayed payments, and significant losses—reporting a ₹1,801.8 crore loss in FY23 and owing approximately ₹11.4 crore to major vendors like Google India and Facebook India.

While this NCLT ruling provides Dunzo some breathing room, the company still faces ongoing financial and operational challenges as it works to resolve its outstanding liabilities.

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How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

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Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

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Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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