August 10th, 2017Indian ecommerce giant Flipkart has raised a record breaking funding of at least $2.5 billion from SoftBank Vision Fund, making its rival Amazon a huge blow and claiming its dominance in the market.
The latest round of funding takes Flipkart’s cash reserves to more than $4 billion. Although, Flipkart didn’t disclose the amount,...
August 1st, 2017SoftBank Vision Fund is in talks with India’s Flipkart Online Services Pvt. Ltd to invest $1.5 billion to $2 billion, according to a latest report by Reuters.
SoftBank is looking to put the funds into the largest Indian e-commerce operator within the next two months, said one of the people, asking to not be identified as the...
July 22nd, 2016As per the filing report, Jewellery-to-eyewear lifestyle company Titan Company Ltd also an entity of Tata's Group would pay Rs 357.34 crore to acquire a 62 percent stake in Chennai-based Carat Lane Trading Private Limited, the parent entity of the jewellery etailer CaratLane.com.
In May, Titan Company acquired a majority stake in...
