Tag "Flipkart"

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

Paytm Mall delists 85K sellers for failing to meet quality standards

By : CIOL Writers

Paytm’s e-commerce arm, Paytm Mall has delisted over 85,000 sellers from its platform in a cleaning operation of sorts for failing to meet quality standards. The company that is gearing up to take stalwarts like Flipkart and Amazon in the Indian

Innovative solutions to Bangalore’s traffic woes emerge from Flipkart’s Gridlock hackathon

By : CIOL Writers

Bangalore’s traffic woes are world renowned, to say the least. India’s Silicon Valley may be producing startups faster than how traffic moves on its roads. It was to fix this problem that homegrown e-commerce startup, Flipkart announced Gridlock Hackathon on June 7

Snapdeal-Flipkart deal hits another roadblock

By : CIOL Writers

Looks like Snapdeal and Flipkart will take some more time before they announce their official merger. Snapdeal’s board has rejected a buy-out offer of roughly $700-800 million from rival Flipkart, creating a new hurdle in the proposed deal, Livemint reports. Apparently,

Naspers takes its stake to 16pc with $71mn investment in Flipkart

By : CIOL Writers

India’s e-commerce giant, Flipkart received an additional investment of $71 million from the South African media conglomerate Naspers. With the latest investment, Naspers now holds 16 percent stake in the company. “The group invested US$71m for an additional interest in

Amazon and Flipkart get breather as govt delays implementation of a key GST provision

By : CIOL Writers

The Indian government has granted the requests of the e-commerce players like Amazon and Flipkart to extend the implementation of the new Goods and Service Tax. In a bid to give e-commerce giants more time to settle their affairs, the

Motorola unveils its budget-friendly, feature-packed Moto C Plus in India

By : CIOL Writers

Joining the existing line of Moto E devices, Motorola has launched its budget-friendly and feature-packed Moto C Plus smartphone in India for Rs 6, 999. Moto C plus, a Flipkart exclusive device will go on a limited period sale at

Amazon India will soon launch payments services

By : CIOL Writers

Though Amazon was a late entrant to the Indian e-commerce landscape, it has been giving fierce competition to local poster boy, Flipkart. And now, to further strengthen the platform, Amazon India is planning to soon launch payments services. In April, the Reserve

Flipkart launches ‘Gridlock Hackathon’ to solve Bangalore’s traffic woes

By : CIOL Writers

The government may have failed to solve Bangalore’s traffic woes but looks like, India’s largest e-commerce portal-Flipkart has taken the task on its hands. Flipkart has announced a hackathon to crowdsource “innovative”,  “implementable” solutions from the tech community and concerned

Flipkart applies for a license to become GST Suvidha Provider

By : CIOL Writers

In a bid to expand its seller base, Flipkart has applied for a licence to become a GST Suvidha Provider, reports Economic Times. The license will give homegrown e-tailer direct access to the GST Network and will also help it process invoices

Flipkart’s PhonePe records highest number of UPI transaction

By : CIOL Writers

Flipkart closed its Big 10 sale on Thursday and left behind a boosting number of UPI (Unified Payments Interface) transactions for its payments arm PhonePe. Within two days of Flipkart’s Big 10 sale, digital payments platform PhonePe processed over 500,000

Flipkart is India’s most sought-after employer for second year in a row: LinkedIn survey

By : CIOL Writers

Flipkart has once again bagged the top-ranking as the most sought-after employer for the second year in a row, according to a survey by professional networking site LinkedIn. “We are thrilled to be the most sought-after company to work for in India

Ola reportedly clips investors’ rights to strengthen Founders’ rights

By : CIOL Writers

Seeing the growing clout of SoftBank in the Indian startup industry, cab-aggregator Ola has reportedly decided to restrict investors’ rights and strengthen those of its founders. To that effect, Ola has made some crucial changes in its shareholder terms as a protectionist

Flipkart-Snapdeal deal reportedly needs approvals from Azim Premji, Ratan Tata

By : CIOL Writers

SoftBank, Nexus Venture Partners and Kalaari Capital- the three major investors of Snapdeal may have given a green signal for the e-commerce portal’s proposed sale to rival Flipkart, however, the agreement would still need a nod from  two of India’s

All is well that ends well- Rs 193cr bonanza for Snapdeal staffs post Flipkart deal

By : CIOL Writers

“This is the way the world ends, Not with a ‘whimper’ but a bang.” Yes, this time it’s not going to be ‘a whimper’ but a bang bonanza. While a sale of a company is never a good news for