October 7th, 2018Walmart acquired India's e-commerce platform Flipkart said it's foraying into the insurance segment after securing a corporate agent license.
To begin with, Flipkart has partnered with Bajaj Allianz General Insurance to offer customised insurance solutions to power its mobile phone protection programme for all leading mobile phone...
August 19th, 2018US-based retail giant Walmart has now completed the deal with Flipkart to hold its 77 percent stake. After the closure, Flipkart's future financial activities will be reported by Walmart International Business.
Besides the acquisition part, Walmart also infused USD 2 billion of equity funding in Flipkart business.
In the press...
June 18th, 2018India's technology industry is bracing itself for the next era of e-commerce warfare, especially after the mega Walmart-Flipkart deal has come into play.
While the acquisition has returned a lot of liquidity in the ecosystem, it has also sparked off a maiden opportunity for new entrepreneurs and investors, adding to the wait for the...
May 17th, 2018With the rise of the e-commerce industry in India, parallelly there has been the continuous rise of problems related to online shopping. Problems like comparing prices of different websites, returns & exchanges, expert guidance, logistics, unawareness regarding new latest offers have become common for every online shopper.
But now...
May 13th, 2018US retail giant Walmart Inc mentioned in its report to US security exchange that they may come up with an initial public offer (IPO) of Flipkart as early as four years.
Walmart in its report said IPO will be at "a valuation no less than that paid by Walmart under the share issuance agreement, subject to the satisfaction of certain other...
March 2nd, 2018Online Furniture retailing startup urban ladder raised $12 million from Kalaari Capital, SAIF Partners, Sequoia Capital and Steadview Capital.
Two anonymous individuals close to the company shared the information about the company funding. They Urban Ladder will keep trying to lure investors in the company so as to raise more capital...
February 7th, 2018Apple Inc will accept Chinese mobile payment app Alipay in its local stores, boosting its ties with giant e-commerce firm Alibaba Group Holding Ltd amid a push by the iPhone maker to revive growth in the world’s No.2 economy.
The tie-up will make Alipay, run by Alibaba affiliate Ant Financial, the first third-party mobile payment...
December 22nd, 2017US-based online retailer Amazon will bring in a range of smartphones to the Indian market under 10.or (pronounced Tenor) to take on homegrown rival, Flipkart.
The smartphones, first of which goes on sale on January 5, will be launched under the companys Crafted for Amazon programme, it said in a statement.
Explaining the programme,...
November 13th, 2017hinese e-commerce giant Alibaba's CEO Daniel Zhang said that their company sees India as a "very important" market, on occasion of the 11/11 Global Shopping Festival.
“Globalisation is one of our key strategies for Alibaba. As part of this strategy, India is a very important topic. India is a very important market for us to look...
November 4th, 2017The rapid growth of the Indian e-commerce sector, which is expected to become $228 billion big by 2030, will help the country's paper packaging segment expand, industry executives said today.
E-commerce for manufacturing companies is changing the way companies do business with other companies, including paper and pulp mills, with new...
October 18th, 2017India's Ecommerce Unicorn Flipkart is planning to relaunch its loyalty programme to compete with Amazon Prime that has become a key differentiator for the American internet giant.
The online retailer is in talks with online travel portal MakeMyTrip and event and tickets booking platform BookMyShow and cab aggregator Ola to provide...
October 18th, 2017Amazon.com Inc began offering electronics from third-party sellers to Brazilian shoppers on Wednesday, expanding beyond books in the fiercely competitive e-commerce market in Latin America’s largest economy.
The long-awaited move will offer televisions, cell phones and laptops from hundreds of independent sellers on Amazon’s...
