Though Flipkart pocketed in a whopping investment from Tencent, eBay and Microsoft and is also displaying improved performance over the past six months, it is yet to defeat arch-rival Amazon India. According to a survey published by research firm RedSeer Management Consulting
India’s largest online retailer Flipkart is running a unique competition to enable an employee to become the CEO for a day. According to The Times of India report, the exercise is part of the company’s 10th-anniversary celebrations to familiarise employees with the challenges at
Former chief business officer at Flipkart and co-founder of healthcare start-up CureFit, Ankit Nagori has invested an undisclosed amount in the online fashion discovery platform Wooplr. With this investment, Ankit Nagori will join Wooplr’s board of directors. Ankit Nagori said,
Though, Reliance Jio is widely rumoured to roll out its own DTH services soon, along with a smart set-top-box, looks like Bharti Airtel has beaten Ambani’s company this time at least. Airtel has launched an Android-based set-top-box, which can essentially convert any standard
After grabbing the much-needed investment of $1.4 billion from Microsoft, Tencent, eBay, Flipkart has now partnered with Micromax to develop and market smartphones for the mid-range of Rs 6,000-12,000. The smartphone lineup named ‘Evok’, is expected to be launched next
Marking the biggest investment till date in the Indian Internet sector, Flipkart has raised a whopping $1.4bn from Tencent, eBay and Microsoft in its latest and 11th funding round. As per a company statement the latest investment was done at a post-transaction valuation of $11.6bn.
SoftBank-backed digital wallet Freecharge could soon be sold for as low as $150-200 million, reports Economic Times. This value is merely 50 percent of what FreeCharge is worth. Reportedly, Alibaba-owned Paytm is one of the frontrunners to buy the mobile wallet platform owned
Chinese e-commerce giant Alibaba is leading a $200 million investment in Paytm E-commerce Private Limited along with another existing backer SAIF Partners. While Alibaba Singapore E-Commerce Pvt. Ltd will invest $177 million in Paytm’s online marketplace unit, rest will come from SAIF Partners, an early investor