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Court Asks Flipkart To Stop Selling GOQii Products
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.
Rozana, India’s leading rural retail platform, has secured ₹290 crore ($35 million) in a Series B funding round led by Bertelsmann India Investments (BII), with participation from Omidyar Network India, Vivid Capital, and Tana Investment Holding. This Rozana funding brings its total capital to over ₹500 crore, fueling hyperlocal expansion in underserved rural markets. Founded in 2021 by brothers Prashant and Prateek Chauhan, the startup’s phygital model blends micro-stores, app-based ordering, and last-mile delivery to connect 5 million+ users in 12 states with brands like ITC and HUL.
The ₹290 crore investment will supercharge Rozana’s rural omnichannel retail strategy, targeting 5x growth in 18 months. Plans include adding 5,000 micro-stores in Uttar Pradesh, Bihar, and Rajasthan; AI-powered inventory tech; and new categories like groceries and electronics. By empowering 20,000+ rural micro-entrepreneurs, Rozana taps into India’s $700 billion rural retail boom, where smartphone penetration and UPI drive 12% annual growth.
This Rozana Series B milestone positions it as a frontrunner against rivals like Ninjacart, eyeing unicorn status by 2028 amid ONDC tailwinds. CEO Prashant Chauhan emphasized, “We’re building rural prosperity through accessible premium brands.” For more on Rozana funding news and rural retail trends, stay updated on India’s startup ecosystem.
Peak XV Partners has launched three new funds totaling $1.3 billion, targeting India’s booming startup ecosystem. The lineup features the $600M Surge fund (8th edition) for early-stage ventures, a $300M Growth Fund for Series B+ scaling, and a $400M Acceleration Fund for rapid portfolio expansion. This commitment arrives as India’s VC inflows rebound, with AI and fintech leading 2026 trends.
These funds build on Peak XV’s legacy of backing unicorns like Zomato and Pine Labs, offering founders capital plus strategic guidance amid post-winter recovery. Early-stage deals surged 20% last year per Tracxn, positioning Peak XV to fuel the next wave of innovation in SaaS, climate tech, and consumer plays.
For startups eyeing Peak XV new funds or Surge fund 2026 applications, this signals prime opportunities. Investors and marketers should watch for deployment updates India remains a global VC hotspot.
Hyderabad, January 13, 2026 Neeman’s, India’s leading D2C footwear brand famed for sustainable shoes and patented PIXLL® technology, has raised $4 million from existing investors. This funding boosts its cumulative capital past $10 million since 2015, with a post-money valuation nearing $50 million. CEO Vijay Chahoria emphasized offline retail as the “next frontier,” planning 50+ new stores in Tier 2/3 cities like Jaipur and Lucknow to blend eco-friendly innovation with hands-on customer experiences.
In India’s booming D2C ecosystem where footwear sales hit ₹1.2 lakh crore in 2025 Neeman’s targets hybrid retail amid high online CAC and 25-30% returns. Backed by vegan, machine-washable shoes priced ₹2,000-4,000, the brand leverages PIXLL® (5x more breathable than leather) for carbon-neutral comfort. Recent 5x revenue growth to ₹100 crore ARR, 1M+ pairs sold via Myntra and stores, and awards at India D2C Summit 2025 position it ahead of rivals like Paaduks.
Neeman’s offline expansion India eyes the $15B sustainable footwear market by 2028, fueled by PLI schemes, Gen Z’s 70% eco-preference (Nielsen), and Southeast Asia exports. Challenges like real estate costs are offset by data-driven inventory and omnichannel QR tech. Watch for Q1 2026 launches in Hyderabad and Bengaluru redefining D2C success through authentic, “Wear the Change” branding.
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April 24, 2026 at 2:16 am
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