Flipkart

The retailing giant Walmart has reportedly picked up the leading global investment bank and financial services company Goldman Sachs to raise nearly $10 billion via an initial share sale of its Flipkart unit. According to informed sources, Walmart is planning...

Flipkart's independent value-driven platform, 2GUD on Friday launched 2GUD Local to connect popular offline retailers scattered across the country with online shoppers. The new format aims to enable local stores - single brand or multi-brand stores and other shopping destinations...

In a bid to offer more immersive experiences to its consumers, Flipkart Group on Tuesday announced the acquisition of Bengaluru-based Augmented Reality (AR) company Scapic for an undisclosed sum. Scapic is a Cloud-based platform which enables creation and publishing of...

Flipkart has established its first grocery fulfilment centre in Lucknow, which was virtually inaugurated on Wednesday by Uttar Pradesh Industries Minister Satish Mahana. Spread across an area of nearly 50,000 square feet, the facility will support Flipkart's ability to deliver...

Walmart-owned Flipkart on Monday announced the launch of its first grocery fulfilment centre in Lucknow that will create over 500 direct jobs. Spread across an area of nearly 50,000 sq ft, the facility will support Flipkart's ability to deliver...

Aditya Birla Fashion and Retail Ltd on Friday reported widening of its consolidated net loss to Rs 188.22 crore for the second quarter ended September 30, 2020, impacted by the COVID-19 pandemic. According to a PTI report: The company had...

The Flipkart Group on Thursday announced a strategic investment in Universal Sportsbiz Pvt Ltd (USPL), a youth-focused fashion brand house. This is a Series F funding for USPL from the Flipkart Group along with participation from existing investor Accel Partners. This...

Riding on a shopping surge in smaller towns and cities, Flipkart Group emerged as overall leader during the week-long festive sales, accounting for 68 percent of the total sales as the country saw a massive 55 percent (year-on-year) growth...

Flipkart Investments will pick up 7.8 percent stake in Aditya Birla Fashion and Retail Limited (ABFRL) with an investment of Rs 1,500 crore. The equity capital will be raised at Rs 205 per share. The promoter and promoter group companies...

Flipkart Wholesale, the digital B2B marketplace of the Flipkart Group, on Thursday said the app saw a five-fold growth in total orders during The Big Billion Days (TBBD) sale from October 16-21. Over a lakh retailers, most of them small...