New Delhi: Walmart unit Flipkart has settled a legal dispute with an Indian startup that alleged it suffered losses because its products were sharply discounted on the global retailer's website. In a joint statement on Friday, the companies said the dispute had been resolved and GOQii health devices would again be available on Flipkart. GOQii said it signed an agreement last year with a Flipkart unit to sell two of its devices at a price not below ₹1,999 ($28.63) and ₹1,499. "We have ensured constant engagement with GOQii to resolve any differences," Flipkart said in the statement. With a 19% market share, GOQii was the second-biggest player in India's so-called wearables market last year, data from industry tracker IDC showed.

Source: Mint June 14, 2019 12:11 UTC