February 15th, 2019
Infibeam Avenues Thursday said its net profit grew manifold close to $4 million (Rs 26.6 crore) during the December 2018 quarter from the year-ago period.
The net profit stood at Rs 1.9 crore in the October-December 2017 period, Infibeam said in a statement.
The company's total revenue more than doubled to Rs 150.3 crore in the...
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...
