Walmart
Consumer
Indians bought goods worth $44.5 bn in FY23; one in three active e-shoppers
Indians bought products worth $44.5 billion from e-tailers in the financial year 2022-23 as e-commerce platforms expand their footprints with ......
TMT
PhonePe snags another $100 mn from General Atlantic, others
Walmart Inc.-owned PhonePe has raised another $100 million (about Rs 820 crore) in the latest tranche of its ongoing fundraise ......
TMT
Deals Digest: Startup funding value doubles this week as PhonePe, Lenskart get big cheques
The total value of private equity and venture capital deals in India more than doubled this week from the previous ......
TMT
Walmart injects $200 mn more into PhonePe, retains majority stake
Fintech company PhonePe said on Friday it has raised an additional $200 million (around Rs 1,650 crore) in primary capital ......
General
Grapevine: Avaada, PhonePe gear up for big deals; GQG may invest in Adani's cement biz
Canadian alternative investment firm Brookfield is in advanced talks to invest up to $1 billion through multiple tranches in Avaada ......
TMT
Flipkart seeks stake in online pharmacy firm
Walmart-owned online retailer Flipkart is in talks to acquire a stake in Bengaluru-based Pharmallama, two people aware of the matter ......
Finance
PhonePe raises additional $100 mn as part of $1 bn round
Walmart-owned digital payments platform PhonePe said it raised an additional $100 million in primary capital from Tiger Global, Ribbit Capital ......
People
Citykart appoints former Walmart India's exec as president, COO
Apparel retailer Citykart on Tuesday appointed Ritesh Rathi as the company’s president and chief operating officer to drive its growth. In ......
TMT
Deals Digest: Fintech cos lead funding race this week
Financial services sector took the front seat in funding activity this week, which also saw Walmart-owned digital payments app PhonePe ......
Finance
PhonePe raises $350 mn at $12 billion valuation
Walmart-owned Indian digital payments app PhonePe has raised $350 million from US private equity firm General Atlantic at a pre-money ......
