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Flipkart May Get $500-600 Million From Softbank: Source
SoftBank Group is in discussions with Flipkart to pump in about USD 500-600 million into the Walmart-owned e-tailer, according to sources. If the deal goes through, SoftBank will re-enter Flipkart's cap table three years after it sold its entire stake in ...
Flipkart May Get 500 600 Million From Softbank Source
Flipkart To Enter Travel Biz, Announces Acquisition Of ClearTrip
Flipkart, owned by Walmart, announced on Thursday that it would acquire Cleartrip, an online travel technology company. Flipkart will buy out all of Cleartrip's stock as part of a larger investment to expand the company's digital commerce offerings for customers. Cleartrip's ...
Flipkart To Enter Travel Biz Announces Acquisition Of Cleartrip
Flipkart To Partly Spin-Off PhonePe
On Thursday, Flipkart, owned by US-retailer Walmart, said it is partially spinning off PhonePe in order to broaden its digital payments platform's accessibility to capital for boosting its growth prospects. The company said PhonePe will mop up a sum of ...
Flipkart To Purchase 7.8% Stake In Aditya Birla Fashion & Retail
On Friday, Aditya Birla Fashion and Retail Limited, in a BSE filing, said that its board has approved the issuance of equity shares on a preferential basis to Flipkart Investments Private Limited, a foreign portfolio investor, aggregating to Rs 1,500 Crore. ...
Flipkart To Purchase 7 8 Stake In Aditya Birla Fashion
Flipkart Enters Hyperlocal Service Business; To Offer 90-Minute Delivery
On Tuesday, Flipkart launched a hyperlocal service called ‘Flipkart Quick' that will deliver products from local hubs within 90 minutes. The new hyperlocal delivery model, which leverages the company's supply chain infrastructure and a new location mapping technology framework to deliver ...
Walmart Raises Stake In Flipkart
In a statement on Tuesday, Flipkart said that it has closed an additional $1.2 billion equity round wherein investment is led by Walmart, Flipkart Group's majority owner, along with a group of existing shareholders and values the company at $24.9 billion post-money. ...
Flipkart Buys Minority Stake In Arvind Youth
On Thursday, e-commerce giant Flipkart announced an investment of Rs 260 crore for a minority stake in Arvind Fashions' recently-formed subsidiary Arvind Youth Brands which owns the Flying Machine brand. The Flipkart Group and Arvind Fashions will work collaboratively through ...
Flipkart Buys Minority Stake In Arvind Youth
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