Flipkart
Retail
Walmart-Flipkart Deal: SoftBank yet undecided on selling stake in Flipkart
Japan’s SoftBank Group Corp has not yet decided to sell its 20-22 percent stake in Flipkart to US retailer Walmart Inc, sources with direct knowledge of the development told PTI.According to a PTI report: SoftBank’s Masayoshi Son will take...
Retail
Sachin Bansal posts emotional farewell message on Facebook, wants to get back to basics
Flipkart co-founder Sachin Bansal, who is exiting the Bengaluru-based company post the Walmart deal, plans to catch up on gaming and brush up his coding skills as he takes time off to finish few pending personal projects.According to a...
Retail
Really sad to see Sachin leave Flipkart, says co-founder Binny Bansal
They were considered the Jai-Veeru of Indian startup panorama, and when one decided to finally exit the company they founded 11 years ago it was really a sad moment for the other.According to a PTI report: Sachin Bansal's decision...
Retail
Deal was among the best decisions, says Walmart CEO to Flipkart staff
Within hours of adding Flipkart to its shopping cart at a US $16 billion price tag, Walmart CEO Doug McMillon told the e-retailer's employees that the deal was among the best decisions and emphasised that India was the best...
Retail
Walmart to open 50 new stores in India in 4-5 yrs
A day after announcing US $16 billion investment in India's largest online retailer Flipkart, Walmart Inc said it will continue to grow its wholesale cash-and-carry business, adding 50 new stores in the next four-five years."We currently have 21 stores...
Retail
Amazing Journey of Flipkart’s Sachin Bansal, Binny Bansal
When IIT Delhi engineers Sachin Bansal and Binny Bansal started Flipkart in 2007 with Rs 4 lakh, going door-to-door to deliver books, they had no intention to sell their company irrespective of the valuation.According to a PTI report: Sachin...
Retail
Flipkart-Walmart deal: ‘US retailer making back-door entry’ – RSS affiliate seeks PM Narendra Modi’s intervention
RSS affiliate Swadeshi Jagran Manch has alleged that US retail giant Walmart was 'circumventing' rules for a 'back-door entry' into India with its US $16 billion majority stake acquisition of Flipkart and sought Prime Minister Narendra Modi’s intervention to...
Retail
eBay to sell stake in Flipkart for about US $1.1 billion; to relaunch eBay India
US-based eBay today said it plans to sell its stake in Flipkart for about US $1.1 billion, and will relaunch eBay India focusing initially on cross border trade opportunity.The statement by eBay came after Walmart Inc announced that it...
Retail
Walmart picks up 77 pc stake in Flipkart for US $16 billion
Walmart has picked up 77 percent stake in Bengaluru-based e-commerce major for a whopping US $16 billion.“Walmart will pay approximately US $16 billion for an initial stake of approximately 77 percent in Flipkart, formally Flipkart Private Limited. The remainder...
Retail
Walmart-Flipkart deal will vitiate Indian e-commerce
Although the details and metrics of the Walmart-Flipkart deal is yet to be made public but as a first reaction, the Confederation of All India Traders (CAIT) said that it is certain that the Walmart-Flipkart deal is nothing but...
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Reliance Retail Q1 profit rises 4.6 % to Rs 2,549 crore
The retail behemoth also recorded 18.87% increase in number of footfalls at its stores at 296 million in the...
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