wordpress blog stats
Connect with us

Hi, what are you looking for?

GoQii and Flipkart settle dispute, but questions remain

A controversial dispute over deep discounting between the Walmart-owned ecommerce giant Flipkart and fitness wearable provider GOQii has been resolved, with GOQii products expected to back up on Flipkart either this week or next, GOQii founder Vishal Gondal told MediaNama. However, Gondal was not forthcoming on the details of the settle, or now concerns that the company had raised about deep discounting and Flipkart's alleged control over pricing of GOQii products on the marketplace, potentially in violation of India's FDI norms, have been addressed. The entire suit and complaint has been withdrawn on all parties, including Retainnet, Techconnect, entities that Gondal had said were discounting products on Flipkart without any direct interaction with GOQii. Gondal declined to comment on whether the company will have direct control over the pricing of its products now. The issue over control over pricing over products is more at a policy level, Gondal said. Speaking with MediaNama earlier, Gondal had said that the company had suffered significant losses due to deep discounting of the products. He declined to comment on whether the settlement with Flipkart involves a monetary settlement as well, saying only that they've worked out an arrangement that is beneficial to both GOQii and Flipkart. AIOVA, which was considering joining the case, seems to have also welcomed the settlement: This development comes within a month after GOQii took legal action against the ecommerce company alleging the company of violating the terms of agreement by selling its fitness products at higher discount rate without permission.…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Is it safe to consider all "publicly available data" as public?

News

PhonePe launched an e-commerce buyer app for ONDC called Pincode. We, however, believe that it should also launch a seller app.

News

Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ