Tag "Flipkart"

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

Flipkart reportedly makes an offer of $1bn to acquire Snapdeal

By : CIOL Writers

While SoftBank and other key shareholders continue to negotiate the terms of the deal, Flipkart has in the meanwhile made an informal offer of $1 billion to buy Snapdeal in an all-stock deal, reports Livemint. Flipkart’s offer is a non-binding one and

ShopClues raises nearly $8mn in venture debt from InnoVen Capital; now worth $1.1bn

By : CIOL Writers

Online marketplace ShopClues has raised Rs 50 crore (approx $7.8 million) in venture debt from InnoVen Capital. The latest investment comes nearly 15 months after the home-grown unicorn raised $100-140 million from Singapore’s sovereign wealth fund GIC Pte Ltd, and existing investors

Padmini Pagadala, who became Flipkart’s CEO for a day

By : CIOL Writers

34-year old Padmini Pagadala who is associate director of designs at Flipkart replaced Kalyan Krishnamurthy as the CEO of the India’s largest e-commerce marketplace on Tuesday. Before you jump to any conclusions, the appointment was just for a day. As part

Redseer survey: Flipkart and Amazon are going neck-to-neck

By : CIOL Writers

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

Flipkart’s 10th anniversary special: Be the CEO for a day

By : CIOL Writers

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

Ankit Nagori invests in online fashion discovery platform Wooplr

By : CIOL Writers

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,

Airtel beats RJio this time; launches Android powered ‘Airtel Internet TV’

By : CIOL Writers

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

Flipkart and Micromax partner to co-design mid-range smartphones

By : CIOL Writers

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

Flipkart acquires eBay India biz; raises a whopping $1.4bn from Tencent, eBay & Microsoft

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.