Japanese clothing retailer, UNIQLO is set to launch its first store in India at New Delhi, that will mark its international debut into the South Asia Region. Following the establishment of its Indian subsidiary Uniqlo India Pvt Ltd., the company will soon begin recruiting local talents informed as told by firm’s spokesperson in a press […]
ThoughtSpot, an artificial intelligence driven analytics company announced that it raised $145 million in a funding round led by existing investors. Investors such as Lightspeed Ventures, Future Fund, Khosla Ventures, and General Catalyst participated in this funding round which witnessed the entry of Sapphire Ventures in the AI firm investors’ team. The funds raised will […]
Walmart. Inc has officially acquired Flipkart for $16 billion in a deal that soared the valuation of Indian e-commerce platform to over $20 billion, making it the biggest e-commerce acquisition ever globally. The brick-and-mortar company acquired 77% of the Indian e-tail business. The news was also confirmed by previous Flipkart investor, Softbank CEO, Masayoshi Son […]
The Flipkart-Walmart acquisition deal is almost completed and only details are left to be finalized. Walmart CEO Doug Macmillan and other Walmart top executives are reportedly set to reach Indian soil shortly to officially announce the completion of the deal between the brick-and-mortar giant and the Indian e-commerce company. However, while the deal met with […]
Anand Piramal, a 33 year old Masters graduate from the Business School of Harvard is set to become Mukesh Ambani’s (India’s richest person) son-in-law after dropping the knee and subsequently the question to Isha Ambani, the Chairman of Reliance Industries’ only daughter. However, while everybody knows who Mukesh Ambani and Isha Ambani is, everyone wonders […]
BigBasket, India’s leading startup in the online grocery market segment is holding talks with its existing investors to raise capital worth $500 million to compete with e-commerce market leaders Amazon and Flipkart (post-Walmart acquisition). BigBasket already raised a colossal $300 million funding led Alibaba Group Holding Ltd and others in February and are now beginning […]
Sachin Bansal, Executive Chairman and co-founder of Flipkart is set to sell his entire 5.5% stake of his company to American brick-and-mortar giant Walmart as the acquisition of India’s largest tech company seems imminent. Three people close to the company reported the news which was subsequently shared on various platform. Indeed, Sachin Bansal might be […]
Nestle, the Swiss-based multinational food giant is set to buy Starbucks’ rights to sell the US coffee chain’s products around the world in a global partnership worth $7.15 Billion to be paid in cash as both companies aim at reviving their coffee empires. The announcement on the deal for a business with $2 billion in […]
Infibeam Incorporation Ltd, parent company of the country’s only listed e-commerce will acquire 100% stakes in the tech solutions company of Snapdeal, Unicommerce. Infibeam released a statement stipulating that in reached an agreement with Snapdeal’s parent company, Jasper Infotech Pvt. Ltd to acquire Unicommerce for the sum of Rs 120 crore. Snapdeal reported a 75% […]
Indian e-commerce major Flipkart is all set to hold its 4-day mega sale event “Big Shopping Days” slated from May 13 to May 16. The company claims that customers will witness biggest deals and discounts of the year till date that will focus on making shopping affordable for all its customers through offers on debit […]
Isha Ambani, daughter of India’s richest person, Mukesh Ambani and Nita Ambani, is set to marry Anand Piramal, son of Ajay Piramal and Swati Piramal, in India this year. Anand and Isha have been long-time friends and the former dropped the knee over the weekend at a temple in Mahabaleshwar. Once the proposal accepted, the […]
In the first decade of the 21st Century, Fintech referred to computer technology applied to the back office of banks or trading companies. It was used as a portmanteau of financial technology for describing any emerging financial services sector. Now, the term has evolved to include any technological innovation in the financial sector, ranging from […]