Top 2024 resources on flipkart
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After buying Flipkart, Walmart seeks allies to join its fight against Amazon in India
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The rumors are true: Walmart has bought a controlling stake in India’s Flipkart. This isn’t a straight-up acquisition, however, because, rather than going it alone, the U.S. retailer is enlisting strategic allies as it takes its fight to Amazon in a new region. Walmart has an existing offline retail business in India, but enter the online space […]
Topics: seeks, retain, amazon, flipkart, buying, india, business, mckenna, billion, fight, tiger, allies, walmart, investors, existing, join. -
Amazon all set to enter India’s food delivery market
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Weeks after Uber exited India’s food delivery market, conceding defeat to local giants Swiggy and Zomato, a new player is gearing up to challenge the heavily-backed duopoly: Amazon. The e-commerce giant plans to enter the Indian food delivery market in the coming weeks, a person familiar with the matter told TechCrunch. The launch of the […]
Topics: delivery, food, business, india, indias, indian, techcrunch, swiggy, month, market, set, amazon, flipkart, enter, zomato. -
Amazon and Flipkart pull 100,000s of products to comply with new Indian law
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Amazon has been forced to pull an estimated 400,000 products in India after new regulation limiting e-commerce businesses went into force in the country today. First announced at the end of 2018, the new regulation imposes a ban on exclusive sales, prevents retailers from selling products on platforms they count as investors and applies restrictions on […]
Topics: report, flipkart, pull, law, amazon, indian, comply, 100000s, owned, regulation, products, according, billion. -
Amazon and Walmart’s Flipkart pledge to scrap single-use plastic packaging in India
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Amazon India and Walmart’s Flipkart, two of the largest e-commerce businesses in India, have pledged to curb the usage of single-use plastic in their packaging in the country as they move to help New Delhi fight its ongoing battle with environmental pollution. Amazon said on Wednesday it will replace all single-use plastic in its packaging […]
Topics: flipkart, walmarts, waste, scrap, plastic, pledge, cushions, usage, packaging, amazon, singleuse, india, techcrunch, company, paper, good. -
Amazon to invest $1 billion to help digitize small businesses in India
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India welcomed Jeff Bezos this week with an antitrust probe. On top of that, thousands of small merchants who typically compete with one another are beginning to gather across the country to hold a protest against the alleged predatory practices by the e-commerce giant. But Amazon founder and chief executive’s love for one of the […]
Topics: thousands, techcrunch, digitize, flipkart, ecommerce, merchants, small, help, billion, invest, amazon, bezos, india, businesses. -
Amazon, Flipkart and other e-commerce firms in India to resume sales of non-essential items from April 20
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Flipkart, Amazon, Snapdeal and other online shopping firms will resume selling “non-essential” items to customers in India starting April 20, weeks after New Delhi imposed a lockdown in the country that has cost e-commerce companies more than a billion dollars in sales. New Delhi said on Thursday that e-commerce companies can resume accepting customers orders […]
Topics: sales, india, paytm, ecommerce, companies, mall, techcrunch, firms, products, items, resume, amazon, customers, nonessential, orders, flipkart. -
Amazon, Flipkart, Ola and Uber begin to resume their services in India
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E-commerce firms Amazon and Walmart’s Flipkart, and ride-hailing giants Ola and Uber are partially resuming their services in India after Prime Minister Narendra Modi’s government eased some restrictions late last week to revive economic activity that’s been stalled since the stringent stay-at-home orders were imposed across the nation in late March. The companies said in […]
Topics: techcrunch, smartphone, ola, zones, flipkart, resume, amazon, begin, orange, india, green, firms, services, uber, red. -
Amazon, Walmart confront India’s slowing economy as holiday season growth stalls
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Even India’s biggest festive season, featuring blinding marketing blitzkrieg and heavy discounts from Amazon India and Walmart’s Flipkart, has failed to escape the pains of slowing economy. Online retailers in India sold goods worth $3 billion in the six-day festive sale that concluded last week, growing at an impressive 30% since last year, according to […]
Topics: sales, holiday, slowing, flipkart, stalls, india, indias, spokesperson, economy, techcrunch, walmart, festive, amazon, season, growth, confront, week, ecommerce. -
Amazon, reeling from recent regulatory hurdles, pumps $404M into its India business
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Following months-long intense regulatory setback in India, Amazon is moving back to spending big bucks to grow its business in the world’s second largest internet market. Amazon has infused Rs 2,999 crores ($404 million) in its India business, according to a regulatory filing published this week. Amazon periodically deploys cash to its business in India, […]
Topics: 404m, flipkart, ecommerce, sell, reeling, techcrunch, india, market, amazon, business, products, pumps, reliance, hurdles, regulatory, companies, recent. -
Amazon’s top Indian seller Cloudtail to cease operations next year amid regulatory heat
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Amazon and parent of its top Indian seller Cloudtail have decided to not continue their joint venture after May 2022, the two firms said in a statement Monday, hours after India’s top court ruled that the American e-commerce firm and Walmart’s Flipkart must face antitrust investigations in the South Asian market. Billionaire N.R. Narayana Murthy’s […]
Topics: amazons, amazon, firms, india, venture, techcrunch, indian, amid, flipkart, joint, ecommerce, cloudtail, seller, operations, cease, heat, sellers, regulatory. -
Coinbase poaches Google Shopping VP as CPO for cryptocommerce
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“We’re trying to shift cryptocurrency from this speculative asset class to driving real-world utility,” Coinbase CEO Brian Armstrong tells me. How? Through commerce and micropayments. But now Coinbase has the who to build it. Today the startup announced it has hired away former head of Product for Indian e-commerce giant Flipkart and Google Shopping VP […]
Topics: money, vp, flipkart, india, cpo, really, shopping, cryptocommerce, ecommerce, techcrunch, coinbase, product, chatterjee, armstrong, google, poaches. -
EBay picks 5.5% stake in India’s Paytm Mall
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EBay said today it is buying a 5.5% stake in e-commerce marketplace Paytm Mall as the global firm makes another push to gain in India’s fast-growing e-commerce market. The two firms did not disclose financial terms of the deal, but a source familiar with the matter told TechCrunch that eBay has invested between $150 million […]
Topics: stake, source, flipkart, million, ecommerce, paytm, ebay, sales, indias, picks, techcrunch, billion, india, mall. -
Ebay to buy into India’s Paytm Mall
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International e-commerce platform Ebay is preparing to head a US$160–170 million investment in e-tailer Paytm Mall.
Topics: indias, paytm, investment, flipkart, us160170, ecommerce, buy, mall, valuation, ebay, million, raised, us215, firm, times. -
Ecommerce Briefs: Walmart Wins Flipkart; Amazon Expands Prime; Target Beefs Up
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In “Ecommerce Briefs,” I address news and developments from online merchants. In this installment, I’ll review Walmart’s purchase of a majority interest in Flipkart, India’s dominant marketplace. I’ll also address ...
Topics: beefs, flipkart, ecommerce, prime, wins, expands, briefs, sales, walmart, customers, amazon, target, program, items, orders. -
Ecommerce Briefs: Walmart, Amazon Vie for Flipkart; Etsy and Adidas Refocus
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“Ecommerce Briefs” is my occasional series of news and developments from online merchants. In this installment, I’ll address the competition between Walmart and Amazon to acquire Flipkart, India’s dominant marketplace.
I’ll ...
Topics: adidas, briefs, amazon, company, ecommerce, stores, sales, investment, indian, refocus, india, walmart, etsy, vie, flipkart. -
Flipkart CEO Binny Bansal resigns over allegations of ‘serious personal misconduct’
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Flipkart, the India-based e-commerce firm owned by Walmart, has lost its Group CEO Binny Bansal after he resigned from the company following an investigation into “serious personal misconduct.” Bansal founded Flipkart in 2007 with Sachin Bansal (no relation) and had served as its CEO since 2016, before going on to become CEO of the Flipkart […]
Topics: sachin, bansal, key, personal, serious, walmart, misconduct, ceo, krishnamurthy, investigation, tiger, allegations, flipkart, binny, resigns. -
Flipkart To Invest $20 Million For In-House Credit Marketplace Startup
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The project is led by senior VP Prakash Sikaria, who also leads Flipkart's social commerce platform Shopsy
Topics: flipkart, working, invest, reportedly, million, inhouse, report, products, entrepreneur, sikaria, marketplace, credit, startup, sources. -
Flipkart To Payout $700 Million To Esop Holders After PhonePe Split: Report
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As per the report, the payouts for the ESOP buyback will be made by July 31 and the communication regarding the same was made to the employees previously
Topics: phonepe, payout, payouts, flipkart, employees, split, holders, million, esop, buyback, current, according, report. -
Flipkart X Polygon: A Strategic Partnership To Build The Indian Web3 Landscape
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The e-commerce giant in a race to overtake rival Amazon is welcoming metaverse and its players with open arms
Topics: announced, platform, build, blockchain, indian, x, experience, landscape, users, polygon, entrepreneur, web3, partnership, strategic, company, flipkart. -
Flipkart buys Walmart’s India wholesale business to reach mom and pop stores
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Flipkart said on Thursday it is launching a wholesale marketplace to serve small and medium-sized businesses and neighborhood stores in India, entering an increasingly crowded space that has attracted several players, including India’s largest physical retail chain (Reliance Retail), Lightspeed-backed Udaan, Amazon and Facebook in recent years. To launch the wholesale marketplace, called Flipkart Wholesale, […]
Topics: pop, walmarts, flipkart, walmart, retail, mom, businesses, small, buys, business, stores, reach, india, techcrunch, wholesale, country. -
Flipkart doubles down on rewards program, partners with 5,000 retail outlets in India
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Flipkart on Monday launched SuperCoin Pay that its customers will be able to use across thousands of retail stores across the country as Walmart-owned e-commerce giant bets on its loyalty program to win and sustain its user base in the world’s second-largest internet market. The Bangalore-headquartered e-commerce giant said it had partnered with over 5,000 […]
Topics: ecommerce, techcrunch, rewards, customers, outlets, program, retail, india, giant, pay, flipkart, partners, doubles, supercoin, loyalty. -
Flipkart in talks to raise $1 billion ahead of IPO
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Indian e-commerce giant Flipkart has hit the market to raise about $1 billion at up to $30 billion valuation in a pre-IPO financing round, two people familiar with the matter told TechCrunch. The Bangalore-based startup, which sold majority stake to Walmart for $16 billion in 2018, initiated fundraise possibilities with some investors earlier this year […]
Topics: walmart, raise, ecommerce, market, young, india, firm, billion, early, flipkart, ipo, ahead, talks, techcrunch, stake. -
Flipkart invests $35 million in Indian fashion brand to target youth
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Flipkart, which competes with Amazon in India, is doubling down on an area where it has established a clear lead: Fashion. On Thursday, the Flipkart Group announced it had invested $35 million in Arvind Fashions for a significant minority stake in one of the decades-old Indian firm’s subsidiaries as the Walmart -owned firm looks to […]
Topics: stores, target, youth, million, indian, flipkart, techcrunch, brands, fashion, arvind, invests, india, brand, group, fashions. -
Flipkart leads $60M investment in logistics startup Shadowfax
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Walmart’s Flipkart has backed Indian startup Shadowfax in a new $60 million financing round as the retail giant works to strengthen its logistics network in the nation. Flipkart led the Series D financing round for the four-year-old Bangalore-based startup, Shadowfax co-founder and chief executive Abhishek Bansal told TechCrunch in an interview. Existing investors Eight Roads Ventures, […]
Topics: startup, bansal, stores, shadowfax, leads, 60m, network, logistics, flipkart, round, india, techcrunch, delivery, investment, million. -
Flipkart loses bid to sell food online
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Amazon-owned Flipkart has been blocked from entering the food-retail business by Indian regulators who had deliberated for almost a year on an application.
Topics: bid, tried, flipkart, loses, usually, manufactured, india, retail, sell, marketplace, market, online, food, companies. -
Flipkart valued at $37.6 billion in new $3.6 billion fundraise
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Flipkart said on Monday it has raised $3.6 billion at a post-money valuation of $37.6 billion in what is widely believed to be the pre-IPO round for the Indian e-commerce conglomerate as it works to list in the public markets as soon as early next year. The new round of funding — by far the […]
Topics: indias, techcrunch, fundraise, investment, billion, flipkart, million, indian, ecommerce, india, firm, walmart, valued. -
How an Ecommerce Company Went From Unicorn to Small Fish
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India's ShopClues had positioned itself as an ecommerce giant before Amazon entered the picture. Then, a series of missteps led to the company's hard fall.
Topics: went, amazon, business, tiger, valuation, user, unicorn, company, ecommerce, fish, small, million, flipkart, funding, shopclues. -
India orders investigation into alleged anti-competitive practices by Amazon and Walmart’s Flipkart
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India ordered a large-scale investigation into Flipkart and Amazon India on Monday after a retail trade group alleged that the e-commerce giants were indulging in anti-competitive practices to gain a foothold in the country. Competition Commission of India (CCI), the local antitrust body, highlighted a wide gamut of issues, including the arrangements between smartphone vendors […]
Topics: traders, ecommerce, small, spokesperson, orders, cci, walmarts, alleged, investigation, practices, ordered, techcrunch, flipkart, anticompetitive, india, amazon. -
India proposes tougher e-commerce rules to address ‘widespread cheating’ complaints
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India proposed on Monday banning flash sales on e-commerce platforms and preventing their affiliate entities from being listed as sellers as the South Asian market looks to further tighten rules that could hurt the future prospects of Amazon and Walmart’s Flipkart in the world’s second-largest market. The proposal (PDF), unveiled by India’s Ministry of Consumer […]
Topics: rules, flash, ecommerce, sales, techcrunch, india, proposal, address, proposes, firms, complaints, ministry, sellers, flipkart, tougher, amazon, cheating, widespread. -
India rejects Walmart-owned Flipkart’s proposed foray into food retail business
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The Indian government has rejected Flipkart’s proposal to enter the food retail business in a setback for Walmart, which owns a majority of the Indian e-commerce firm and which recently counted its business in Asia’s third-largest economy as one of the worst impacted by the global coronavirus pandemic. The Department for Promotion of Industry and […]
Topics: food, flipkart, rejects, grocery, industry, india, retail, techcrunch, proposed, flipkarts, business, nations, foray, indian, walmartowned, farmers. -
Indian e-commerce giant Flipkart to acquire an online pharmacy marketplace to foray into healthcare space
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Walmart-backed Flipkart is acquiring online pharmacy startup SastaSundar to enter the healthcare segment in India as the e-commerce battle intensifies in the world’s second-largest internet market. Flipkart said it has signed definitive agreements to acquire a majority stake in SastaSundar, but did not disclose the size of the deal. Eight-year-old SastaSundar was last valued at […]
Topics: pharmacy, space, online, marketplace, indian, flipkart, india, sastasundar, valued, giant, techcrunch, foray, digital, million, healthcare, startup. -
Indian traders lobby for ban on Flipkart, Amazon sales
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The Confederation of All India Traders is asking the government to ban pending sales events to be held by e-commerce rivals Amazon and Flipkart.
Topics: traders, ecommerce, lobby, ban, amazon, retailers, online, sales, flipkart, confederation, cent, violate, foreign, indian, direct. -
India’s Flipkart bets on free video streaming service and Hindi support to win next 200 million internet users
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India’s e-commerce giant Flipkart said on Tuesday that it is revamping its shopping app to add support for Hindi language, a video streaming service and an audio-visual assistant, the latest in a series of recent efforts to expand its reach in the country. The e-commerce firm, which sold a majority stake to Walmart for $16 […]
Topics: service, internet, users, hindi, india, techcrunch, support, win, flipkart, feature, company, video, streaming, million, indias. -
India’s Flipkart gives hyperlocal delivery service another try
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Flipkart on Tuesday launched a hyperlocal service in suburbs of Bangalore, four years after the e-commerce group abruptly concluded its previous foray into this category. The e-commerce group, owned by Walmart, said Flipkart Quick leverages the company’s supply chain infrastructure and a new location mapping technology framework to deliver within 90 minutes to customers more than […]
Topics: indias, stores, company, customers, country, delivery, gives, deliver, techcrunch, try, service, quick, india, model, flipkart, hyperlocal. -
India’s Flipkart shuts down Jabong
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Indian fashion and lifestyle e-commerce portal Jabong has been closed down by current owners Flipkart.
Topics: myntrathe, jabong, way, flipkart, shuts, walmarts, fashion, indias, ecommerce, worth, indian, market. -
India’s Flipkart to enter food retailing, launch private label
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Walmart-owned Indian e-commerce platform Flipkart is launching a food retail business.
Topics: indian, enter, retail, flipkart, firm, businessthe, food, grocery, private, walmarts, launch, plans, retailing, walmartowned, label, indias. -
India’s richest man is ready to take on Amazon and Walmart’s Flipkart
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As Amazon and Walmart-owned Flipkart spend billions to make a dent in India’s retail market and reel from recent regulatory hurdles, the two companies have stumbled upon a new challenge: Mukesh Ambani, Asia’s richest man. Reliance Retail and Reliance Jio, two subsidiaries of Ambani’s Reliance Industries, said they have soft-launched JioMart, their e-commerce venture that […]
Topics: man, ecommerce, largest, flipkart, india, indian, techcrunch, reliance, richest, walmarts, jio, venture, ready, indias, retail, amazon. -
Naspers Made $1.6 Billion on the Flipkart Walmart Deal
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Africa’s largest company just chalked up another major investment coup.
Topics: sale, south, worth, billion, deal, walmart, company, naspers, cape, flipkart. -
South African tech and media conglomerate Naspers made $2.2 billion from Flipkart sale
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Naspers, the South African tech and media conglomerate, continues to have an incredibly hot hand when it comes to global tech investment. Famous for owning a huge chunk of the Chinese Internet powerhouse, Tencent and a big chunk of Mail.ru, Naspers just made $2.2 billion off of the sale of Flipkart to Walmart. The South African company had […]
Topics: companys, company, south, flipkart, sale, chunk, billion, online, african, naspers, conglomerate, tech, huge, media. -
The future of e-commerce in India increasingly looks like an all-American affair
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India’s technology industry is bracing itself for the next era of e-commerce warfare, which looks set to be waged and bankrolled by two gigantic corporations located halfway across the world: Amazon and Walmart. Amazon is already deeply committed to the country, where it has pledged to deploy more than $5 billion to grow its business, […]
Topics: increasingly, indias, affair, looks, future, million, online, walmart, india, deal, amazon, allamerican, ecommerce, billion, flipkart. -
Udaan, the e-commerce startup led by three former Flipkart executives, raises $225M
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The trio announced this morning that their B2B e-commerce startup Udaan had raised $225 million in Series C funding. The cash infusion, according to Indian media reports, makes Udaan the fastest-ever Indian startup to be valued at over $1 billion.
Topics: flipkart, startup, earlier, led, company, business, executives, lightspeed, india, 225m, indian, ecommerce, unicorn, million, udaan, venture, raises. -
Walmart closes in on $15bn Flipkart deal, reports
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Retail giant may be about to secure a victory over Amazon.
Topics: indian, growing, closes, walmart, retailer, retail, reports, deal, amazon, largest, worlds, flipkart, 15bn, online. -
Walmart completes its $16 billion acquisition of Flipkart
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Walmart announced over the weekend that it has completed a $16 billion investment in Flipkart that sees it become the majority owner of the Indian e-commerce company. The deal was first revealed back in May and now it has closed after receiving the necessary approvals. It sees Walmart take a 77 percent share in the company, […]
Topics: business, investors, flipkart, billion, previously, walmart, supporting, completes, public, plans, reported, acquisition, sees. -
Walmart confirms $16B Flipkart investment, giving it 77% in India’s e-commerce leader
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Walmart, the world’s largest retailer, has finally confirmed that it is making a $16 billion investment into Flipkart for a 77 percent share of the online retailer. Tencent, Tiger Global, Microsoft, Accel and Flipkart co-founder Binny Bansal will continue to be investors in the company with this deal. The investment will value Flipkart — India’s biggest […]
Topics: ecommerce, retailer, company, deal, flipkart, confirms, 16b, india, walmarts, investment, stake, leader, walmart, indias, giving. -
Walmart leads $1.2 billion investment in India’s Flipkart
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Walmart is increasing its majority-stake in Flipkart by leading a new $1.2 billion financing round in the Indian e-commerce giant. The fresh equity round led by Walmart, which acquired majority stake in Flipkart for $16 billion two years ago, values Flipkart at $24.9 billion post-money, the two companies said. The American retail group said the […]
Topics: indian, retail, ecommerce, leads, techcrunch, india, customers, indias, reliance, flipkart, billion, stores, investment, walmart. -
Walmart pays US$16 billion for majority stake in India’s Flipkart
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Walmart has outbid Amazon to take a majority stake in India’s largest online retail business, Flipkart.
Topics: us16, billion, flipkarts, indias, majority, retail, amazon, cent, stake, pays, investment, walmart, deal, flipkart. -
Walmart says Flipkart is ‘a key center of learning’ for its entire global business
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Walmart has opened up on the thinking behind its $16 billion majority investment in Flipkart, and perhaps the most interesting facet is that the retailer plans to export ideas from the Indian e-commerce firm to the rest of its global business, including the U.S.. Walmart’s decision to follow Amazon into India is a testament to huge potential growth […]
Topics: retailer, particularly, entire, flipkart, markets, india, mckenna, management, global, key, learning, center, potential, walmart, business. -
Walmart-owned Flipkart opens offline furniture experience centre
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Indian e-commerce platform Flipkart has opened a physical furniture experience centre in Bengaluru.
Topics: opens, customers, flipkart, vp, furniture, walmartowned, traditionally, touch, strong, offline, experience, centre, understand, supermarket. -
Walmart’s Flipkart confirms it is entering the food retail business in India
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India’s Flipkart is entering the food retail business as the e-commerce giant looks to expand its reach in the nation, its chief executive said on Tuesday. Flipkart, which sold majority stake in the company to Walmart for $16 billion last year, has registered an entity called “Flipkart Farmermart Pvt Ltd” — in compliance with local […]
Topics: entering, grocery, business, walmarts, food, ecommerce, amazon, supplies, flipkart, company, invest, confirms, india, retail, techcrunch. -
Walmart’s Flipkart makes local languages push to win small Indian cities and towns
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Flipkart on Wednesday added support for three more local languages as the Indian e-commerce giant looks to widen its foothold in smaller cities and towns across the country where fewer people speak English and Hindi. The Walmart -owned firm said its online marketplace now has interfaces in Tamil, Telugu and Kannada, three languages that are […]
Topics: users, techcrunch, walmarts, small, india, cities, makes, push, local, towns, indian, languages, support, flipkart, million, win, language, hindi. -
Walmart’s Flipkart rolls out voice assistant to make shopping easier
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Flipkart is rolling out a voice assistant feature to its platform to make it easier for consumers to shop as the Walmart-owned e-commerce giant looks to expand its reach in the nation. The AI-powered voice assistant currently supports the grocery category, called Supermart, but a company spokesperson told TechCrunch that Flipkart will soon be extending […]
Topics: walmarts, support, voice, india, flipkart, easier, assistant, feature, techcrunch, shopping, company, rolls, online, users, supports. -
Walmart’s Flipkart to cover insurance for all sellers in India and waive additional fees
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Walmart-owned Flipkart is exempting storage and cancellation fees for sellers on its marketplace and also providing them with insurance coverage as the top e-commerce platform in India looks to maintain cordial relationships with more than 300,000 sellers who are facing severe disruption amid an unprecedented rise in the spread of coronavirus infections in the South […]
Topics: virus, techcrunch, nation, insurance, cover, sellers, india, walmarts, flipkart, fees, week, marketplace, indian, seller, additional, waive. -
What I learned from Flipkart
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Two weeks ago, Walmart concluded its investments to acquire a majority stake in Flipkart. This is one of the largest transactions in e-commerce and in the internet space globally, with Walmart deploying US$16 billion to obtain an approximate 77% shareholding at closing. As part of this transaction, my company, Naspers, exited fully, selling our 11.18% stake for $2.2 billion.
Topics: indian, market, learned, ecommerce, success, leading, billion, scale, global, flipkart, local. -
What the Walmart-Flipkart Deal Means for India
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The Indian ecommerce market is growing quickly thanks to smartphone penetration and fast internet. Overall ecommerce revenue in India is projected to reach $64 billion by 2020 from $38.5 billion ...
Topics: ecommerce, walmartflipkart, means, india, indian, deal, walmart, small, consumers, flipkart, traders, farmers. -
Why Walmart’s Flipkart is betting heavily on Hindi
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Flipkart, the largest e-commerce platform in India, said Tuesday it has concluded the roll-out of a range of features to its shopping app in what is its biggest update in recent years. Chief among these new features is access to Flipkart in Hindi language. Prior to the revamp of the app, Flipkart was available only […]
Topics: flipkart, walmarts, hindi, features, users, spoken, heavily, betting, million, techcrunch, language, india, indias, recent.