Flipkart-GOQii spat snowballs

Flipkart-GOQii spat snowballs

  • 100 Views
  • 1 Comments
Missing
Deal Newbie
50
20
0

GOQii’s legal challenge to Flipkart over deep discounting is mobilising the seller community. Reuters says the All India Online Vendors Association plans to join the case, wherein the Ratan Tata-backed wearables startup is suing Flipkart for damage to business and brand. GOQii’s chief executive Vishal Gondal alleges he lost corporate orders for 5 lakh units because the Walmart-owned firm listed its devices 70-80% below cost. But the e-tailer denies any wrongdoing, saying the prices were set independently by sellers. A verdict against Flipkart, experts feel, will set a precedent, encouraging trader bodies to drag other marketplaces to court.

Read more at this related story http://reuters.com/article/us-walmart-india-fli...

Missing