India’s Move to Deter Digital Monopolies to Hit Amazon, Walmart
India’s draft e-commerce rules to prevent the creation of “digital monopolies” and aid local startups may raise costs and stymie expansion plans at companies such...
Tag : Flipkart
Flipkart to Cover Vaccination Cost of Employees and Their Families
Walmart-backed Flipkart joins the league of conglomerates like Reliance Industries and IT firms such as Mindtree to cover COVID-19 vaccination costs of its employees and...
Flipkart, Mastercard, Nabard, and PayU To Own 30 Per Cent in Tata NUE
Walmart-owned Flipkart, Mastercard, PayU, and National Bank for Agriculture and Rural Development (Nabard) are planning to buy a 30 percent stake in Tata-promoted Ferbine, which...
Flipkart in Talks to Acquire Cleartrip
Ecommerce company Flipkart is in discussions to purchase a controlling stake in online travel aggregator Cleartrip and bolster its presence in an intensely competitive segment,...
Flipkart to Focus on Subscription Programme, Says CEO
Flipkart will expand its subscription programme Flipkart Plus, strengthen its value proposition in the grocery segment and invest in technology and infrastructure in 2021, Chief Executive...
upGrad Records 100% Growth Since Start of the Fiscal Year
upGrad, India’s largest higher edtech, crossed 1 million total registered LifeLongLearners on its platform recently. The milestone announcement came along with the reporting of the...
PhonePe Raises Rs 150 Crore From Parent Company
PhonePe has received Rs 150 crore from PhonePe Pvt Ltd, Singapore in funding, as per regulatory filings. PhonePe Pvt Ltd, Singapore (formerly Flipkart Payments Pvt...
Walmart Prepares For $10 Billion Flipkart IPO
Walmart is preparing for e-commerce major Flipkart’s $10 billion initial public offerings (IPO) in the US and has hired Goldman Sachs to assist with the listing. The US...
Walmart to Increase Indian Exports To $10 Billion by 2027
Global retail major Walmart on Thursday said it will triple its exports of goods from India to $10 billion each year by 2027.The expansion in sourcing will...
Flipkart Co-founder Binny Bansal To Join PhonePe’s Board Of Directors
Flipkart co-founder Binny Bansal is set to join PhonePe’s board of directors. Bansal will be joining PhonePe co-founders Sameer Nigam and Rahul Chari and Rohit Bhagat on the...