Walmart Acquires Flipkart
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Flipkart in Talks to Buy Reliance-Backed Dunzo: Report
Walmart-backed Indian e-commerce firm Flipkart has held discussions over potentially acquiring the on-demand delivery platform Dunzo, TechCrunch reported on Tuesday, citing three people familiar with the matter.
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PhonePe Announces Shift of Domicile From Singapore to India
PhonePe, a part of the Walmart-controlled Flipkart group, announced that it has completed the process of moving its domicile from Singapore to India. The development comes ahead of its plans to launch an initial public offering (IPO) for expanding its financial services portfolio and deepening its core United Payments Interface (UPI)-based payments...
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Flipkart Raises its IPO Valuation Target to $60-70 Billion for U.S Listing in 2023
Flipkart has raised its IPO Valuation target from $50 billion (roughly Rs. 380002.75 crore) to $60-70 billion (roughly Rs. 456051.3 crore to Rs. 532003.85 crore). The e-commerce giant is focusing on its two new businesses - online healthcare and travel bookings, to increase valuations.
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Flipkart Plans Foray into Healthcare With Flipkart Health+, to Acquire Majority Stake in Sastasundar
Flipkart is planning to enter the online healthcare market with the launch of Flipkart +. The Walmart-owned company announced on Friday that it will be acquiring a majority stake in SastaSundar.com that offers digital healthcare and pharmacy platform supported by a network of more than 490 pharmacies.
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Notice To Flipkart, Its Founders, 9 Others Over Alleged Forex Violations
Flipkart, its founders and 9 others have been issued notice by Enforcement Directorate over alleged forex violations.
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Tata Digital Buys Majority Stake in BigBasket for Rs. 9,500 Crores to Rival Amazon, Flipkart
Tata Digital, a unit of Tata Sons, has acquired a majority stake in online grocery seller BigBasket, putting the Indian conglomerate in a direct race with e-commerce players Amazon, Walmart's Flipkart, and Reliance.
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Flipkart Said to Aim for IPO in Fourth Quarter of 2021
Flipkart, the e-commerce giant controlled by Walmart, is making progress toward an IPO as soon as the fourth quarter of this year, according to people familiar with the matter.
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Walmart To Export $10 Billion Of India-Made Goods; Here's All You Need To Know
India is already one of Walmart's top sourcing markets, for products such as homeware and jewellry with annual exports worth about $3 billion
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Walmart To Triple Exports Of India-Made Goods To $10 billion Per Year By 2027
Walmart Inc on Thursday said it will triple its exports of India-made goods to $10 billion each year by 2027 in a move that will help expand the global reach of goods from the South Asian nation
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Flipkart Acquires Walmart India Business to Launch a Wholesale Marketplace for Kiranas, Indian MSMEs
Flipkart on Thursday launched the Flipkart Wholesale as a digital marketplace to serve local kirana stores and micro, small, and medium enterprises (MSMEs) in India. The e-commerce company is acquiring 100 percent stake in Walmart India to enable the new experience.
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Flipkart To Acquire Walmart India's Wholesale Business
The announcement comes a week after Flipkart said that it had raised $1.2 billion in funding from a Walmart-led investor group.
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US-Based Tiger Fund Increases Equity Holding In Flipkart: Report
The $514-billion Walmart acquired a majority stake (77 per cent) in Bengaluru-based Flipkart on May 9, 2018 for a whopping $16 billion (Rs 107,662 crore) at $67.3 per share.
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Flipkart in Talks to Buy Grocery Chain Namdhari's Fresh: Report
Namdhari's operates over 30 stores in the southern city of Bengaluru.
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New E-commerce Rules Could Hit Online Sales By $46 Billion: PwC Report
Under the changes, e-commerce firms in the country from February 1 will not be able to sell products via companies in which they have an equity interest or push sellers to sell exclusively on their platforms
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Flipkart Co-Founder Sachin Bansal Invests Rs. 650 Crore In Ola: Report
Flipkart co-founder Sachin Bansal has pumped in about Rs 650 crore in ride-hailing platform Ola, news agency Press Trust of India reported, quoting documents filed with the Corporate Affairs Ministry. The investment from Mr Bansal comes as Ola is locked in a battle for market leadership with US-based rival Uber in India and other markets such as Au...
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Flipkart in Talks to Buy Reliance-Backed Dunzo: Report
Walmart-backed Indian e-commerce firm Flipkart has held discussions over potentially acquiring the on-demand delivery platform Dunzo, TechCrunch reported on Tuesday, citing three people familiar with the matter.
-
PhonePe Announces Shift of Domicile From Singapore to India
PhonePe, a part of the Walmart-controlled Flipkart group, announced that it has completed the process of moving its domicile from Singapore to India. The development comes ahead of its plans to launch an initial public offering (IPO) for expanding its financial services portfolio and deepening its core United Payments Interface (UPI)-based payments...
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Flipkart Raises its IPO Valuation Target to $60-70 Billion for U.S Listing in 2023
Flipkart has raised its IPO Valuation target from $50 billion (roughly Rs. 380002.75 crore) to $60-70 billion (roughly Rs. 456051.3 crore to Rs. 532003.85 crore). The e-commerce giant is focusing on its two new businesses - online healthcare and travel bookings, to increase valuations.
-
Flipkart Plans Foray into Healthcare With Flipkart Health+, to Acquire Majority Stake in Sastasundar
Flipkart is planning to enter the online healthcare market with the launch of Flipkart +. The Walmart-owned company announced on Friday that it will be acquiring a majority stake in SastaSundar.com that offers digital healthcare and pharmacy platform supported by a network of more than 490 pharmacies.
-
Notice To Flipkart, Its Founders, 9 Others Over Alleged Forex Violations
Flipkart, its founders and 9 others have been issued notice by Enforcement Directorate over alleged forex violations.
-
Tata Digital Buys Majority Stake in BigBasket for Rs. 9,500 Crores to Rival Amazon, Flipkart
Tata Digital, a unit of Tata Sons, has acquired a majority stake in online grocery seller BigBasket, putting the Indian conglomerate in a direct race with e-commerce players Amazon, Walmart's Flipkart, and Reliance.
-
Flipkart Said to Aim for IPO in Fourth Quarter of 2021
Flipkart, the e-commerce giant controlled by Walmart, is making progress toward an IPO as soon as the fourth quarter of this year, according to people familiar with the matter.
-
Walmart To Export $10 Billion Of India-Made Goods; Here's All You Need To Know
India is already one of Walmart's top sourcing markets, for products such as homeware and jewellry with annual exports worth about $3 billion
-
Walmart To Triple Exports Of India-Made Goods To $10 billion Per Year By 2027
Walmart Inc on Thursday said it will triple its exports of India-made goods to $10 billion each year by 2027 in a move that will help expand the global reach of goods from the South Asian nation
-
Flipkart Acquires Walmart India Business to Launch a Wholesale Marketplace for Kiranas, Indian MSMEs
Flipkart on Thursday launched the Flipkart Wholesale as a digital marketplace to serve local kirana stores and micro, small, and medium enterprises (MSMEs) in India. The e-commerce company is acquiring 100 percent stake in Walmart India to enable the new experience.
-
Flipkart To Acquire Walmart India's Wholesale Business
The announcement comes a week after Flipkart said that it had raised $1.2 billion in funding from a Walmart-led investor group.
-
US-Based Tiger Fund Increases Equity Holding In Flipkart: Report
The $514-billion Walmart acquired a majority stake (77 per cent) in Bengaluru-based Flipkart on May 9, 2018 for a whopping $16 billion (Rs 107,662 crore) at $67.3 per share.
-
Flipkart in Talks to Buy Grocery Chain Namdhari's Fresh: Report
Namdhari's operates over 30 stores in the southern city of Bengaluru.
-
New E-commerce Rules Could Hit Online Sales By $46 Billion: PwC Report
Under the changes, e-commerce firms in the country from February 1 will not be able to sell products via companies in which they have an equity interest or push sellers to sell exclusively on their platforms
-
Flipkart Co-Founder Sachin Bansal Invests Rs. 650 Crore In Ola: Report
Flipkart co-founder Sachin Bansal has pumped in about Rs 650 crore in ride-hailing platform Ola, news agency Press Trust of India reported, quoting documents filed with the Corporate Affairs Ministry. The investment from Mr Bansal comes as Ola is locked in a battle for market leadership with US-based rival Uber in India and other markets such as Au...
