Locked in an intense battle with Amazon, homegrown e-commerce major Flipkart is looking at re-entering the grocery segment that accounts for a significant portion of Indias retail industry. “Yes we will get into grocery… 80 per cent of units bought in India is grocery… USD 400-600 million is grocery market, so we have to get […]
Walmart owned Flipkart CEO Kalyan Krishnamurthy said to Pixr8 News that the second Ground Breaking Ceremony will help Indian state Uttar Pradesh to be the first trillion-dollar state economy.
Flipkart separated its payment unit PhonePe, as the digital payment firm raises $700 million in funding valued at USD 5.5 billion.
Flipkart acquire a 7.8 percent stake in Aditya Birla Fashion and Retail for approx $204 million as it taps into the offline retail.
Flipkart Group invested $35 million in Arvind Fashions to lead in clothing brands in Indian eCommerce space.
Unacademy raises USD 110 million in funding led by social media major Facebook and General Atlantic.
Walmart owned Flipkart has led a $60 million Series D investment round in logistics platform Shadowfax.
Flipkart E-commerce giant in talks with creators and licensors for ad-supported video service, which will be available within its app.
Judith McKenna Walmart head visited Flipkart office after the acquisition.
The e-commerce fashion players Myntra and Jabing that have played a major role in the industry are reportedly merging and this has come days after Walmart put the two fashion businesses of the Flipkart Group under direct control of CEO Kalyan Krishnamurthy. “Since Myntra’s purchase of Jabong in mid-2016, the two brands have been steadily integrating key […]
E-commerce major Flipkart said it has acquired Israel-based Upstream Commerce for an undisclosed amount as the Walmart-backed firm aims to further strengthen its selection and pricing capabilities. Flipkart, which is locked in an intense battle for market leadership in India against American rival Amazon, will get access to advanced data science-based intelligent solutions through the […]
With the exit of a lot of senior executives in various top companies, two senior executives of Ola have also stepped down. It has been reported that Saikiran Krishnamurthy and Joy Bandekar have left the company. Saikiran Krishnamurthy was popularly called Saiki among the Ola employees and held the position of a senior vice-president of growth in the […]