Tag "Flipkart"

SoftBank offers to buy Flipkart shares at lower valuation

By : CIOL Writers

SoftBank has offered to buy additional shares in Flipkart but at a reduced valuation in the range of $9 billion to $10 billion, Livemint reported on Thursday. Citing sources, the report said the Japanese conglomerate offered to buy Flipkart shares from investors and former and

Flipkart and Amazon continue to rule the Indian e-commerce market

By : CIOL Writers

Flipkart and Amazon continue to be the most popular e-commerce brands in India with tied score of 92 for the July-September period, according to the latest RedSeer E-tailing Leadership Index (ELI) report. The story is still the same with local

Amazon pumps in additional Rs 2900cr in Indian business

By : CIOL Writers

Amazon has invested another Rs 2900 crores in its Indian unit nearly matching its mammoth capital commitment of $5 billion made in June last year. While in June, Amazon India received a funding of Rs 1,680 crore, it got another boost of Rs

Flipkart to launch its Billion Capture+ smartphone on November 15

By : CIOL Writers

Flipkart that announced its own brand- Billion earlier this year is gearing up to launch its first smartphone under the brand. The e-tailer will be launching Billion Capture+ on November 15 priced at Rs 10,999 for the 32GB model and at Rs

It’s raining discounts on Samsung mobiles on Flipkart and Amazon

By : CIOL Writers

If you are looking for a new mobile phone, then there is a good news for you. Flipkart and Amazon are offering limited time period discounts on Samsung smartphones under the ‘Samsung Mobile Fest’. Here’s a quick look at the

Flipkart trying its hands at grocery category

By : CIOL Writers

After failing at it the first time, Flipkart is once again looking to foray into the grocery segment. The e-commerce major is testing waters initially in Bangalore by launching the new category as ‘Supermart’, reports Economic Times. The category has

Flipkart looking to buy stake in BookMyShow: Report

By : CIOL Writers

Homegrown e-commerce giant Flipkart is in talks to pick a minority stake in ticketing platform BookMyShow, reports Economic Times. Citing people familiar with the discussions, the report says that though the talks are only in the initial stage, it may

Flipkart to invest $500M in payments arm PhonePe

By : CIOL Writers

Flipkart has committed $500 million for its payments platform PhonePe, which is scaling its operations. The e-commerce major acquired PhonePe in 2015 and has since then  invested $75 million in the platform. This is one of the largest single investment commitments in the Indian

Flipkart’s logistics arm eKart raises $98M from group firm Klick2Shop

By : CIOL Writers

Flipkart has pumped in nearly $98 million (Rs 641 cr) into its logistics arm eKart through its Singapore-based group firm Klick2Shop Logistics Services International, according to regulatory filings with the Ministry of Corporate Affairs. As reported by ET, the latest funding is aimed at strengthening

India’s leading tech startups planning to launch a lobby group Indiatech.org

By : CIOL Writers

India’s leading tech startups including Flipkart, ride-hailing service Ola, and travel portal MakeMyTrip are joining hands to form an industry body that will represent local ventures and their interests, seeking protection from resourceful global rivals, reports Economic Times. Citing people in the

Flipkart acquires mobile repair services startup F1 Info Solutions

By : CIOL Writers

Flipkart has acquired mobiles and IT repair services startup F1 Info Solutions, the company announced on Tuesday. The Mumbai-based company will become a part of Jeeves that Flipkart invested in 2014. Jeeves specializes in providing after-sales service for large and small home appliances and furniture. As smartphones account for a

Flipkart, Amazon, and Paytm gear up for their ‘BIG’ Sale events

By : CIOL Writers

It seems like Diwali season has come a bit earlier this year, as e-commerce companies are all geared up to unveil their exclusive deals and discounts to lure consumers to shop whole-heartedly this festive season. The three biggest e-tailers of

Amazon takes the ‘prime’ spot in metros while Flipkart rules small cities

By : CIOL Writers

Flipkart and arch rival Amazon India are still going neck to neck in the Indian e-commerce battle and scored the same number in the latest RedSeer E-tailing Leadership Index (ELI). While Amazon has edged past Flipkart in metros on popularity and brand

Flipkart launches global selling program expanding its reach to over 200 countries

By : CIOL Writers

Flipkart has launched a global selling programme- ‘Flipkart Global’ through its recent acquisition eBay allowing users from about 200 international markets to purchase products on its marketplace. As first reported by ET, the initiative will leverage the export capabilities of

Flipkart raises whopping $2.5bn from SoftBank’s Vision Fund

By : CIOL Writers

Flipkart has raised an estimated $2.5 billion from SoftBank Vision Fund, making it the biggest-ever private investment in an Indian technology company. The investment also makes SoftBank Vision Fund one of the largest shareholders in Flipkart, according to an official statement. “This

Flipkart’s ‘Budding Star Programme’ encourages employees to pursue their passion

By : CIOL Writers

Flipkart has launched a financial assistance program- ‘Budding Star’ to help its employees participate in any national or international challenge pertaining to their field of interest. There is only one eligibility criterion for the Budding Star programme- employment at Flipkart for at least

Snapdeal decides to be on its own; No merger with Flipkart

By : CIOL Writers

Snapdeal, run by Jasper Infotech Pvt. Ltd has finally decided to run as an independent identity, howsoever small, thus putting all reports about a merger with rival Flipkart to rest. “Snapdeal has been exploring strategic options over the past several

Snapdeal-Flipkart deal may have come to a dead end

By : CIOL Writers

After six months of discussions and negotiations, looks like Snapdeal is still stuck where it was at the start of the year. According to the latest reports coming in from various quarters, Snapdeal’s proposed sale to Flipkart is in dire straits

Snapdeal board approves Flipkart’s new up to $950M bid: Report

By : CIOL Writers

Online marketplace Snapdeal has accepted Flipkart‘s revised takeover offer of $900-$950 million, according to a report from Reuters. Citing sources in the know of things, the report says that board of Jasper Infotech, which runs Snapdeal, approved Flipkart’s new bid last

Flipkart gifting smartphones to its first few mobile customers under Big 10 celebrations

By : CIOL Writers

Flipkart is going back to its first few customers of mobile phones from several years ago, to thank them for their support by presenting them a phone as a gesture of gratitude. The initiative to acknowledge early mobiles customers is