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Grapevine: Flipkart may list abroad; Actis looking to acquire Ashoka Concessions

General

07 December, 2020

Grapevine: Flipkart may list abroad; Actis looking to acquire Ashoka Concessions

Walmart Inc. has hired Goldman Sachs to explore an initial public share sale of about 25% of its stake in ......

Flipkart unit PhonePe to raise $700 mn, gets $5.5 bn valuation

TMT

03 December, 2020

Flipkart unit PhonePe to raise $700 mn, gets $5.5 bn valuation

PhonePe, the digital payments unit of Walmart's Indian e-commerce arm Flipkart, said on Thursday it would sell a stake to ......

Flipkart buys Axilor-backed AR/VR startup Scapic

TMT

17 November, 2020

Flipkart buys Axilor-backed AR/VR startup Scapic

Flipkart, the online retailer controlled by US-based Walmart Inc., has acquired virtual reality (VR) and augmented reality (AR) platform Scapic ......

Multiples PE-backed Arvind Fashions gets new CEO

Consumer

13 November, 2020

Multiples PE-backed Arvind Fashions gets new CEO

Arvind Fashions Ltd, which owns the Flying Machine brand of denim apparel, has named Shailesh Chaturvedi as the new chief ......

WhatsApp starts payments service in challenge to Paytm, PhonePe

TMT

06 November, 2020

WhatsApp starts payments service in challenge to Paytm, PhonePe

Facebook Inc’s WhatsApp will start its payments service in India on Friday, the messaging app said in a blog post, ......

Fashion forward: Flipkart bets on Wrogn, Imara parent Universal Sportsbiz

TMT

05 November, 2020

Fashion forward: Flipkart bets on Wrogn, Imara parent Universal Sportsbiz

Flipkart, the online retailer controlled by US-based Walmart Inc., has struck its latest bet in the fashion segment by agreeing ......

Flipkart to invest over $200 mn in Aditya Birla Fashion

Consumer

23 October, 2020

Flipkart to invest over $200 mn in Aditya Birla Fashion

Flipkart Group will invest Rs 1,500 crore ($204 million) in Aditya Birla Fashion and Retail Ltd, as the Walmart Inc.-owned ......

Walmart, Flipkart plough more cash into B2B agri marketplace Ninjacart

TMT

12 October, 2020

Walmart, Flipkart plough more cash into B2B agri marketplace Ninjacart

Ninjacart, a business-to-business marketplace for agricultural produce, has raised money in a follow-on round of funding from US retail giant ......

Amazon injects $95.5 mn into India payments unit ahead of festive season

TMT

09 October, 2020

Amazon injects $95.5 mn into India payments unit ahead of festive season

Amazon.com Inc has invested 7 billion rupees ($95.51 million) in its Indian payments unit, ahead of the festive season, data ......

Grapevine: Walmart eyes large stake in Tatas super app; Bigbasket to raise funds

General

29 September, 2020

Grapevine: Walmart eyes large stake in Tatas super app; Bigbasket to raise funds

Walmart Inc., majority stakeholder in online retailer Flipkart, is looking to take up a large stake in the proposed super ......