Binny Bansal Sold Part Stake in July Funding
Flipkart co-founder Binny Bansal sold a part of his shares of $200-$250 million in July funding. Bansal sold shares to existing investor Tencent Holdings. In...
Tag : Flipkart
Amazon, Flipkart Clock $9.2 Billion in Gross Festive Sales
E-commerce firms such as Amazon, Flipkart, and others witnessed blockbuster festive season sales of about $9.2 billion this year, surpassing the pre-pandemic sales of $5...
iPhone 13 Pre-Orders Starts Today at 5:30 PM
Pre-orders for Apple’s iPhone 13 will start today at 5:30 PM IST. Buyers who are interested in smartphones can pre-order the phone online on Apple’s...
Flipkart Clocks GMV of Around $23 Billion
Flipkart registered gross merchandise value (GMV) of nearly $15 billion last calendar year and is currently on a GMV run rate of $23 billion. GMV...
Flipkart Adds 4 Fulfilment, Sortation Stations in Maharashtra
Flipkart announced that it had added four fulfilment and sortation centres in Maharashtra to raise demand and promote local sellers. Flipkart’s new facilities in the...
ED Fines Flipkart For $1.35 Billion
Walmart’s Flipkart and its founders explain why they shouldn’t face a penalty of $1.35 billion for alleged violation of foreign investment laws, three sources and...
The Whole Truth Raises $6 Million From Sequoia Capital India
The Whole Truth has raised $6 million in a Series A funding round led by Sequoia Capital India, including existing investors Matrix Partners India and...
Flipkart to Raise Funding at $ 40 Billion Valuation
The online shopping platform, Flipkart has completed a fundraising round valuing the Indian online retailer at about $40 billion, with the main owner Walmart Inc....
Zomato Aims For Spike in Valuation to $10 Bn
Zomato, India’s largest online food delivery platform, plans IPO valuation to $10 billion amid a surge in online food-ordering, restaurant-bookings and subscriptions for Zomato Pro...
Flipkart Launches Social-Commerce Platform ‘Shopsy’
Flipkart on Thursday announced the launch of a new app called ‘Shopsy’ that allows people to become resellers of products on its network through platforms...