Tag "walmart"
Flipkart raises $3.6 billion in funding at $37.6 billion led by GIC and others
The Flipkart Group has raised $3.6 billion in funding, it said in a statement. The new round of funding is by far the largest for any Indian startup. Led by GIC, Canada Pension Plan Investment Board (CPP Investments), SoftBank Vision Fund
Walmart injects $700 million in PhonePe to spin-off from Flipkart, valued at $5.5 Billion
PhonePe, the digital payments firm, a sub of Flipkart (Walmart) is partially spinning off. In a statement on Thursday, the firm stated that it has secured $700 million in a new (unnamed) financing round. This round was led by Walmart,
Walmart confirms investing $16bn in Flipkart for a majority stake of 77pc
US retail behemoth, Walmart announced that it is acquiring approximately 77 percent in Flipkart for $16 billion for a valuation of over $20 billion. The investment includes $2 billion of new equity funding. The remainder of the business will be held
Walmart still eyeing Flipkart; due diligence reportedly done
Walmart has once again set its eyes on India’s e-commerce giant, Flipkart and has already completed a thorough due diligence process on e-commerce firm, according to multiple media reports. Citing people in the know of the things, Livemint reported that Walmart
Google and WalMart partner for voice-based shopping
WalMart and Google announced that they are partnering up that will enable voice-based shopping. The companies explained that consumers will now be able to order WalMart products just by speaking. WalMart customers can link their store accounts to Google’s Express shopping
The new rivalry between Amazon, Walmart post Whole Foods deal
After Amazon announced its plans to buy upmarket US grocer Whole Foods Market in a massive $13.7 billion deal last weekend, Charlie O’Shea, a Moody’s lead retail analyst, told the Associated Press news agency that the deal could be “transformative, not
Walmart to launch ‘Store No 8’, its startup incubator in Silicon Valley
After acquiring Jet.com, Walmart is aiming to expand its e-commerce market. Walmart is building its own tech incubator in Silicon Valley, dubbed Store No 8 to invest in the next generation of retail technology startups. The startup incubator will be home
Flipkart could offer discounts on single-box delivery to reduce logistics cost
Logistics is the bread and butter of e-commerce companies, which also costs them the highest, eventually influencing the revenue. To tackle this problem, Walmart-owned Jet.com proposed a discount offer to encourage customers to order multiple products that can be shipped
Walmart reportedly in talks with Flipkart for an equity partnership
Indian e-commerce market is getting hotter by the day. After Alibaba, Rakuten, it’s the world’s biggest retailer Walmart Store that is eyeing the lucrative Indian region and is reportedly in talks with local e-commerce giant Flipkart for an equity partnership,
After acquiring Jet.com, Walmart gains highest sales in 4 years
We all know that Marc Lore was the focal point of Walmart’s deal to acquire two-year-old e-commerce upstart Jet.com. But, who knew, that within 10 days of the announcement, he could spin off good omen for world’s largest retailer. After
Jet.com CEO Marc Lore could make $750mn to $1bn with Walmart’s deal
Paying $3.3 billion to acquire a two-year-old e-commerce upstart Jet.com might have looked absurd to many but experts knew the real reason was something else. The acquisition was more about the company’s CEO, Marc Lore than anything else. Recode reports
Walmart ups Amazon rivalry with Jet.com acquisition
USA: To take on its biggest e-comm rival- Amazon, Walmart is acquiring a hardly one-year old fast-growing e-comm co. Jet.com for approximately $3 billion in cash. Walmart and Jet will maintain distinct brands, said Walmart. The deal is expected to close
Wal-Mart selling Chinese e-commerce business to JD.com
If you can’t beat them, join them. This is precisely what Walmart is aiming at in China’s fastest-growing but competitive e-commerce market. Wal-Mart on Monday said it will sell its Yihaodian website to JD.com Inc. —the second-largest online retailer in
Walmart opens technology CoE in Bangalore
BANGALORE, INDIA: Walmart today opened its new technology Center of Excellence(CoE) in Bangalore. The center will house Walmart Global Technology Services, to build new platforms and services to support both its e-commerce and stores businesses worldwide. The Walmart Global Technology
