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Retail giant Walmart-owned leading e-tailer Flipkart on Wednesday unveiled a dedicated portal ‘2GUD’ for refurbished goods, including mobile phones, laptops and tablets, a week after shutting its eBay India operations. “The independent platform ‘2GUD’ aims to…
In a move aimed at getting the next 200 million online shoppers to its platform, e-commerce major Flipkart has acquired Liv.ai, an artificial intelligence-led speech recognition startup. The company, however, did not disclose the deal amount. Post the…
After bagging the rights for the upcoming 2018 FIFA World Cup Russia Licensed Apparel Merchandise for India, Nepal, Sri Lanka and Pakistan, Alcis Sports today announced their partnership with Flipkart to bring Indian fans the official fan-wear merchandise of…
Top executives of Walmart India and Flipkart on Wednesday met fair trade regulator CCI to explain their activities in the country, days after submitting an application seeking approval for their $16-billion mega merger deal. While there was no official word…
Walmart may have secured a key victory over Amazon in India, with reports surfacing that the board of Flipkart Online services, one of the fast-growing nation’s largest retail platforms, has approved a deal to sell 75 per cent of the company to the grocery…
the wholesale arm of the country’s largest e-commerce company, has received almost Rs 4,500 crore in what is one of the largest capital infusions for the entity, as per latest regulatory filing at the Registrar of Companies (RoC). This large investment in to…
SoftBank has just announced its biggest investment in India: a whopping US$2.5 billion in Indian ecommerce company Flipkart. With this latest funding round, Flipkart boasts of over US$4 billion in cash on its balance sheet and SoftBank has become its largest…
SoftBank Group is still in talks to invest in Flipkart – despite the collapse of discussions to fold a smaller rival into India’s largest e-commerce site – but it would do so through its Vision Fund, according to sources familiar with the matter. SoftBank,…
India’s Flipkart is planning to enter the brick-and-mortar space as a master franchisee for foreign brands. This follows other e-commerce companies opening on-ground ventures as the online market slows down. Flipkart is already in advanced talks with Giordano…
Running on its 3rd day, Flipkart said its Fashion Sale event has witnessed a 2x sale jump in the first 3 days of the total 9 day sale event. The ecommerce player said, it is confident about receiving similar response on the remaining 6 days of the sale event.…
Three days after closing a funding round of US$1 billion, Flipkart is taking steps to acquire eBay India. Insiders say eBay India will be folded into Flipkart, reports start-up specialist publication E27. After Flipkart, Amazon, Shopclues, PayTM and Snapdeal,…
Indian e-commerce giant Flipkart has closed a US$1 billion funding round, with plans to raise an equal amount over the next few months. Investors who have contributed to this round include eBay, Microsoft and Tencent Holdings, Bloomberg reports. The funding…
Amazon India has applied to the government to invest US$500 million in a wholly owned venture that will allow the US eCommerce giant to stock locally produced food items and sell them online. If successful, it would become the first foreign retailer to enter…
In a bid to knock online marketplace Flipkart from its leadership position in India, eCommerce giant Amazon has injected Rs2010 crore (US$296 million) into its Indian unit. Regulatory filings show that the move takes Amazon’s total capital investment in India…
Amazon’s flagship unit in India Amazon Seller Services has more than doubled its revenues in the year ended March, leading rival Flipkart’s similar firm in terms of revenues. Amazon Seller Services’ turnover for the last fiscal rose 116% to Rs 2,217 crore…
Wal-Mart Stores Inc. has reportedly increased its stake in Chinese eCommerce website, JD.com Inc., to 10.8% from 5.9%, aiming to grab more market share in the world’s largest online market. Shares of JD.com jumped 7.5% in after-hours trading following the…
