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Binny Bansal sells $76 million Flipkart shares to Walmart arm

Binny Bansal, who co-founded India's largest e-tailer has sold $76 million worth Flipkart shares to Walmart arm FIT Holdings SARL. According to a source, cited...

Flipkart’s cash deficit at $1 billion under Walmart

Flipkart, India's largest online e-tailer has burned nearly $1 billion since the US retail monster Walmart acquired around 77 per cent stake in it,...
Walmart

Walmart to infuse $1.2 billion for funding Flipkart’s operation

Walmart, world's largest company by revenue is planning to infuse $1.2 billion of cash equivalents for funding India's biggest e-commerce giant Flipkart's operation. The development...
Flipkart

Flipkart moves manufacturing units from China, Malaysia to India

Flipkart, the e-commerce giant, based out of Bengaluru has moved a substantial proportion of its manufacturing and sourcing for in-house brands from China and...

After Canada, Myntra to now sell in Walmart stores across US

Myntra, a fashion etailer owned by Flipkart, is planning to take another step into the global market by selling its in-house brands across US...

Walmart inaugrates AI-based store, now open to the public

Walmart has unveiled a publicly accessible AI-based concept store, the Intelligent Retail Lab (IRL for short), in Levittown, New York. Walmart, which faces fierce competition...

Walmart now allows voice-activated, Google-powered grocery shopping

Walmart now lets customers order groceries by voice through Google Assistant. This can be considered as an attempt to counter Amazon.com Inc.’s growing clout...

Paytm in talks to raise $1.5-2 billion from Softbank, Alibaba; Valuation...

Digital payment platform Paytm is soon likely to receive around $1.5 billion to $2 billion in a latest funding round. As per media reports,...

PhonePe gets in-principle approval to hive-off business from Flipkart

Flipkart owned digital payments platform, PhonePe  has got in-principle approval from Flipkart to hive-off its business from its parent organisation. Flipkart has a 100%...

Walmart invests ₹743 crore in digital payments subsidiary PhonePe

As per the reports, Flipkart backed PhonePe gets a ₹743 crore funding from world's largest retailer- Walmart. The fresh funds will be used for promotions...