WS Retail news and archive

WS Retail may lose supremacy on Flipkart

India’s leading marketplace Flipkart has over one lakh sellers on its platform and WS Retail is one of them. WS Retail, Flipkart’s largest vendor, posted a 33 per cent increase in sales for the year ended March 2016. However, now Flipkart has to reduce its dependence on WS Retail. As according to Indian laws, a single vendor cannot account for...

Business

Flipkart’s largest seller WS Retail tripled its turnover in FY15

WS Retail, the largest seller on India's leading online marketplace Flipkart, almost tripled its turnover to Rs 10,163 crores in FY15 that is more than the combined sales of top offline retailers such as Shoppers Stop, Future Lifestyle, Tata's Trent and Aditya Birla Group's Pantaloons. The six-year-old company, founded by Flipkart's founders...

People

Sujeet Kumar, Head of WS Retail, resigns

Sujeet Kumar, Head of Flipkart’s largest seller and its captive logistics business WS Retail has put in his papers. Kumar along with former Flipkart executive, Tapas Rudrapatna owns 46 percent stake in the company. Recently, the buzz was that Flipkart was trying to reduce its dependence on the company that until 2013 accounted for nearly all of...