PhonePe’s Acquisition of Indus OS in Legal Battle with Investors
PhonePe‘s $60 million acquisition of content discovery platform Indus OS has run into a legal battle. The company is now in a legal battle with...
Tag : Walmart
Flipkart in Talks to Raise $1 Billion Fundraising Ahead of IPO
Flipkart has hit the market to raise about $1 billion at up to $30 billion valuation in a pre-IPO financing round. The fundraising could double...
GameStop Raises $551 Million Through Equity Offering
GameStop has raised $551 million through an equity offering as the videogame retailer accelerates its shift to e-commerce, sending its shares 15 per cent higher...
SoftBank to Invest $1 Bn in Indian Startups
SoftBank is set to invest close to $1.2 billion in Indian startups in the first quarter of the current financial year, two sources aware of...
Flipkart to Acquire Cleartrip for $40 Million
Flipkart is in talks to acquire Cleartrip, one of the oldest travel booking portals in India, two people in the know said, as the Walmart-owned...
Flipkart Aims for IPO in Fourth Quarter of 2021
Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is making progress toward an initial public offering (IPO) as soon as the fourth quarter of...
MobiKwik Targets IPO by September
MobiKwik System Pvt, the Indian digital wallet and payments startup, is targeting an initial public offering before September that could raise between $200 million and...
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...
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...
Blackstone Acquires Prestige’s Office, Retail Assets for $1.5 Billion
American investment management company Blackstone has acquired the commercial portfolio of realty developer Prestige Group including offices, retail malls and hotel assets for $1.5 billion....