Flipkart

This story was originally published on the Benzinga India portal. The Competition Commission of India (CCI) has reportedly intensified its antitrust investigation into e-commerce giants Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT)-backed Flipkart, requesting their...

India-based e-commerce major Flipkart announced its second partnership with Polygon for launching a dedicated blockchain using Polygon Chain Development Kit (CDK). What Happened: Flipkart selected Polygon CDK for building a customized Ethereum-based zero-knowledge (ZK) Layer 2 network. The Indian...

This story was first published on the Benzinga India portal. In a recent ruling by the Chandigarh District Consumer Commission in India, Alphabet Inc-owned (NASDAQ: GOOG) (NASDAQ: GOOGL) Google, along with B2X Service Solutions and e-commerce platform Flipkart, owned by...

This story was first published on the Benzinga India portal. Retail giant Walmart Inc (NYSE: WMT) recently spent $1.4 billion (INR 115.15 billion) to purchase the remaining Flipkart shares from Tiger Global, boosting its stake in the Indian e-commerce startup. This...

Chinese tech conglomerate Tencent Holdings Ltd. (OTC: TCEHY) has bought a $264 million stake in Walmart Inc (NYSE: WMT)-owned Indian e-commerce firm Flipkart, Press Trust of India reported. The outlet citing official documents said the company bought shares from Indian internet entrepreneur...

Walmart Inc (NYSE: WMT), confirming the initial public offering plans for its Indian arm Flipkart, said the company has managed to live up to its expectations ever since it took over the business four years ago. What Happened: Speaking at the Baird 2022 Global Consumer, Technology & Services...

In a bid to break Amazon Inc (NASDAQ: AMZN) and Walmart Inc's (NYSE: WMT) duopoly in the country's e-commerce sector, India is lining up banks and other key players to set up its own "buyer platforms." What Happened: According to Reuters sources, the country's...

American retail giant Walmart Inc.'s (NYSE: WMT) Indian e-commerce arm Flipkart has launched an in-house innovation unit called 'Flipkart Labs' to explore ways to expand into the Metaverse and Web3.  What Happened: The company said its innovation lab would enable Flipkart to test...

India-based e-commerce shopping portal Flipkart announced Monday it has raised $3.6 billion in new funds from a group of investors, including one very big name: Walmart (NYSE: WMT).  "Flipkart is a great business whose growth and potential mirrors that of India as a whole — that's why we invested...

Walmart Inc (NYSE: WMT)-owned Indian e-commerce retailer Flipkart said on Monday it has raised $3.6 billion from a consortium of investors including Japan’s SoftBank Group (OTC: SFTBY), which returns as a financial backer. What Happened: The fresh fundraise values the online retailer at $37.6...

Retail giant Walmart Inc.’s (NYSE: WMT) Indian e-commerce unit Flipkart has expanded its online grocery sales to more than 50 cities in India. The move is part of the company’s efforts to gain a bigger market share and compete better with market leaders Amazon.com Inc. (NASDAQ:...

Joining scores of countries that have gone into a lockdown in response to the coronavirus (COVID-19) pandemic, India entered a 21-day nationwide lockdown, effective midnight March 25. Following the development, Amazon.com, Inc. (NASDAQ: AMZN) said in a blog post it has temporarily suspended taking...

Seattle-based e-commerce giant Amazon.com Inc. (NASDAQ: AMZN) will invest $1 billion in digitizing small- and medium-sized businesses in India, CEO Jeff Bezos announced Wednesday.  Bezos Visits India As Country Investigates Amazon, Flipkart  Bezos, who is on a three-day visit to...

Retail giant Walmart Inc (NYSE: WMT)'s $16-billion acquisition of India's Flipkart included a majority stake in a payments app, PhonePe, thatcould be worth more than $14 billion in the medium-term, according to KeyBanc Capital Markets.  The Analyst Edward Yruma maintained an...