Connect with us

Latest News

Court Asks Flipkart To Stop Selling GOQii Products

Published

on

Court Asks Flipkart To Stop Selling GOQii Products,Startup Stories,Business Latest News 2019,Flipkart GOQii Products,Court Restraints Flipkart Products,Flipkart Latest News,GOQii Wearable Products,Flipkart Wearable Devices,Flipkart GOQii Case,Flipkart GOQii Products Allegations

On the 27th of May, a Civil Court in Mumbai issued an order restraining the e commerce giant Flipkart, from selling GOQii’s wearable products at large discounts. The restraint order came shortly after the Ratan Tata backed GOQii, issued a legal notice to Flipkart, saying they were facing a massive loss because of the huge discounts offered by Flipkart on GOQii’s products.

According to the legal notice filed by GOQii on the 18th of May, Flipkart was selling its products at a discount of 70% to 80% on the website, a practice which GOQii calls predatory pricing. Not only were these discounts going against the original agreement between GOQii and Flipkart, they are also violating foriegn investment policy in e commerce– since Flipkart is owned by Walmart.

In the issue notice against Flipkart, GOQii said because of this predatory pricing, a lot of their existing orders were also being cancelled. The wearable products manufacturer said its partners were not happy with the lowering of the prices as a result of which their profits were being slashed as well. Partners like Croma and other distributors are extremely unhappy with GOQii right now and are not taking any further orders.

Before the restraint order was filed against Flipkart, the e commerce platform responded to the allegations and said the complaints were baseless. Walmart owned Flipkart said the sales of the products were declining not because of their pricing policy, but because of the nature of the products.

In response to this, Vishal Gondal (founder and CEO of GOQii) said, “We urge Flipkart/Walmart to not use its position of dominance to compromise SMEs/startups. Such practices are not in the best interest of the ecosystem. Deep discounting continues to hurt GOQii business.”

This is not the first time a complaint like this was filed against Flipkart . In the year 2017, similar issues of predatory pricing were also brought to the attention of the Department for Promotion of Industry and Internal Trade (DPIIT) and the Competition Commission of India (CCI) by the All India Online Vendors’ Association. Even though GOQii had issued the legal notice, Flipkart refused to stop the discounts. Hence,  with no other way out, the GOQii had to go to court.

In its order, the Mumbai Civil Court and Sessions Court said it was necessary to place this restraint order in an attempt to level the playing field and to reduce the amount of damages incurred by GOQii.

Stay tuned for more updates.

Continue Reading
Advertisement
3 Comments

3 Comments

  1. Qhragraz

    May 23, 2025 at 6:44 pm

    Explore the ranked best online casinos of 2025. Compare bonuses, game selections, and trustworthiness of top platforms for secure and rewarding gameplaycasino activities.

  2. pvyirhfqp

    July 17, 2025 at 7:24 pm

    ContentMostbet Vegas Is 1 Of The Best Slot-centric Sociable Internet CasinosTop Mostbet … Wskaźnik RTP w Aviator gra to 97%. Oznacza to, że na każde 100 USD (około 400 PLN) średnio wraca 97 USD (388 PLN). To stawia grę mocno ponad konkurencją. Jednocześnie zmienność jest wysoka – raz zgarniesz x50, a raz crash na x1,1. Takie fluktuacje oznaczają duże potencjalne wygrane, ale też duże straty. Innymi słowy stabilne zyski nie będa domeną Aviator, ale adrenalina i potencjalne wygrane na mnożnikach x50 wynagradzają ryzyko. Aviator Predictor to narzędzie, które obiecuje przewidzieć rezultat gry Aviator, pomagając graczom decydować, kiedy wypłacić wygraną. Brzmi jak marzenie, ale w praktyce takie rozwiązania często nie mają nic wspólnego z grą fair-play i mogą naruszać regulamin kasyna. Rzekomo oprogramowanie ma działać w następujący sposób:
    https://smtticaret.com/2025/07/16/wprowadzenie-do-zakladow-na-czerwone-w-zakladach-bukmacherskich/
    Układ siatki 7×7 i mechanika płatności klastrów wyróżniają Sugar Rush spośród tradycyjnych gier slotowych, oferując świeże doświadczenie, które z pewnością sprawi, że poczujesz się częścią ekscytującej społeczności. A ponieważ gra jest zoptymalizowana pod kątem urządzeń mobilnych z technologią HTML5, możesz dołączyć do zabawy, gdziekolwiek jesteś. Niezależnie od tego, czy jesteś doświadczonym graczem, czy dopiero zaczynasz, Sugar Rush zaprasza Cię do udziału w swojej słodkiej przygodzie. Funkcja Multiplier Spots dodaje mnożniki zaczynające się od 2x, gdy 2 lub więcej symboli eksploduje w tym samym miejscu, potencjalnie osiągając 1024x, mające zastosowanie do każdej wygranej nad nim. Darmowe obroty przyznają do 30 darmowych obrotów, w których mnożniki utrzym ują się i mogą rosnąć wraz z dodatkowymi upadkami we wszystkich obrotach. Możesz kupić darmowe obroty, wybierając między zwykłymi i super darmowymi spinami.

  3. emwdgftkl

    July 21, 2025 at 4:11 pm

    Mission Uncrossable is an unconventional crash game in which you must help a plucky chicken cross the road. Successful completion of the operation provides a win of up to $1,000,000. But you don’t have to play with maximum stakes. Thanks to its flexible gameplay, Mission Uncrossable can bring substantial profits to cautious players as well. Mission Uncrossable offers a unique experience with its combination of high volatility and substantial jackpots. By understanding the game’s mechanics, employing effective strategies, avoiding common pitfalls, and maintaining a positive mindset, players can enhance their chances of success. Remember that responsible gambling is essential, so always set limits on your spending and enjoy the game within your means. Canadian players can access Mission Uncrossable seamlessly on Roobet’s platform. The game supports popular cryptocurrencies, aligning with Canada’s progressive stance on digital assets. Additionally, Roobet’s commitment to provably fair gaming ensures transparency and fairness, which resonates with Canadian players who prioritize integrity in online gaming.
    https://trinitiwhiteline.com/2025/07/15/football-x-by-smartsoft-an-in-depth-review-for-indian-players/
    During a spin, there is a chance that a stampede of buffalo symbols will appear at random. When this happens, three to 10 buffalo symbols appear on the reels. Buffalo Mania Megaways is a cascading video slot with six dynamic reels, featuring two to seven rows and 64 to 117,649 ways to win. Pays are awarded for two to six matching symbols landing on adjacent reels from left to right only. Available on desktop tablet or mobile, you can bet from 0.10 to 4 credits per spin. The game has high volatility with a default RTP of 95.69%. Lower versions are offered, always check the helpfile for the current setting. When these symbols appear they cover entire reels, but there is a catch,  only the middle 4 reels can feature Super Wilds, which have a ways multiplier that ranges from x2 to x7. How many symbols the wild counts as when it’s a component of a winning combination is indicated by the Ways Multiplier value.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Deep-Tech Startup EndureAir Raises INR 25 Crore from IAN Alpha Fund to Boost Drone Innovation

Published

on

StartupStories

EndureAir, a deep-tech drone startup specializing in UAV (Unmanned Aerial Vehicles) and aerial robotics solutions, has successfully raised INR 25 crore in a funding round led by IAN Alpha Fund, with participation from IAN Angel Fund. The fresh capital infusion will enable EndureAir to enhance its advanced drone technologies for defense applications, broaden its reach in enterprise markets, and accelerate the development of next-generation high-altitude logistics and aerial robotics platforms.

Founded in 2018 by Dr. Abhishek, a professor of Aerospace Engineering at IIT Kanpur, along with his former students Rama Krishna and Chirag Jain, EndureAir stands out in India’s indigenous UAV sector by developing both hardware and software in-house. Backed by over 15 years of rotorcraft research and holding eight patents in flight dynamics and autonomous systems, the company has rapidly established itself as a pioneer in the deep-tech drone ecosystem.

EndureAir’s flagship drone platforms, including the Sabal heavy-lift UAV family inducted by the Indian Army’s Eastern Command and the Vibhram drone supporting Telangana’s Medicine from the Sky program, are deployed in critical operations. The startup also collaborates with Bharat Electronics Limited for co-developing high-altitude drones and works with Bhutan’s Druk Holding & Investments on remote logistics missions. With this funding, EndureAir aims to position India as a global leader in UAV innovation, advancing resilient domestic drone systems for defense and enterprise applications.

Continue Reading

Latest News

Venture Catalysts Raises Rs 150 Crore to Boost Multi-Stage VC Platform and AI Capabilities

Published

on

StartupStories

Venture Catalysts, a leading Mumbai-based venture capital platform, has secured Rs 150 crore (around $18 million) through a strategic mix of primary and secondary transactions. This fresh round of funding resulted in a company valuation of approximately $200 million and drew participation from high-profile investors such as Ashish Kacholia, the Shah Rukh Khan family office, Aishwarya Rai, as well as several established capital market veterans and renowned business houses. The move not only demonstrates strong investor confidence but also positions Venture Catalysts at the forefront of India’s rapidly evolving startup landscape.

The infusion of capital is earmarked to accelerate key initiatives, including expanding Venture Catalysts’ leadership team, launching new investment funds, and exploring advanced technology solutions with an emphasis on AI-enabled due diligence and reporting tools. Additionally, the firm aims to strengthen its footprint across major Indian startup hubs and grow its suite of Category II alternative investment funds, harnessing this growth to support a new wave of promising startups and founders within the ecosystem.

Since its inception in 2016, Venture Catalysts has evolved from an angel network to a multi-fund powerhouse, managing over $500 million in assets and deploying nearly $200 million across more than 400 startups, including industry leaders like BharatPe, Renee Cosmetics, and InsuranceDekho. This latest funding round reinforces Venture Catalysts’ pivotal role in nurturing and scaling some of India’s most innovative startups, catalyzing growth throughout the country’s thriving entrepreneurial sector.

Continue Reading

Latest News

U.S. AI Startup Anthropic Expands Global Ban to Tackle Chinese Tech Influence

Published

on

Anthropic - StartupStories

U.S. AI leader Anthropic has expanded its restrictions on Chinese entities, taking a firm stance against access to its advanced AI models—including the renowned Claude chatbot—by any company or subsidiary more than 50% owned, directly or indirectly, by Chinese organizations. This updated AI policy is designed to block loopholes that previously allowed access to powerful AI tools via overseas affiliates, joint ventures, or cloud providers, reinforcing Anthropic’s commitment to responsible technology governance and the protection of sensitive data.

Driven by rising national security and regulatory concerns, Anthropic’s move highlights potential risks involving companies subject to Chinese jurisdiction, which could be compelled to cooperate with state intelligence and share critical information. The sweeping policy marks the first public, formal ban by a major U.S. AI company based on entity ownership and control, rather than only geographic boundaries, ultimately intensifying scrutiny on AI exports and global tech supply chains.

While the immediate business impact is expected to be modest, experts consider this a landmark decision that may set industry-wide precedents, prompting other U.S. tech giants to reevaluate their own AI export and usage policies. This development not only heightens the U.S.–China tech rivalry but also shapes the future landscape of AI governance, data security, and international compliance in a rapidly evolving digital world.

Continue Reading
Advertisement

Recent Posts

Advertisement