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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 Partly Spin Off Phonepe

Indian-Origin Brothers Buy UK Supermarket Giant Asda
Indian-origin billionaire brothers Mohsin and Zuber Issa have won the bid to buy the British supermarket chain Asda from its American owner Walmart Inc. On Friday, Walmart confirmed that EG Group, controlled by Issa brothers and TDR Capital, a private equity ...
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. ...
Walmart Raises Stake In Flipkart
PhonePe Rolls Out ATM Service; Turns Nearby Merchants Into ATMs
Walmart-owned digital wallet company PhonePe has rolled out ATM service that would enable its customers to exchange digital money or wallet balance for ready cash. The facility can be availed via the 'withdraw' button on the PhonePe mobile app. For ...
Phonepe Rolls Out Atm Service Turns Nearby Merchants To Atm
Flipkart Discontinues Jabong Operations To Focus On Myntra
Flipkart has discontinued operations of Jabong entity to primarily put its focus on premium online marketplace Myntra. In 2016, Walmart owned Flipkart acquired Jabong in an all cash deal of $70 million. Nevertheless, since then the company is unable to decide ...
Flipkart To Shut Down eBay.in In August: Report
As per a leading dailies report, Flipkart said it will wind up the operations of e-Bay.in, which is amongst the oldest e-commerce sites in the country. The report suggests that Flipkart is close on the heels to start a new online ...
Flipkart Shut Down Ebay In August Report
Walmart Seeks CCI’s Approval For Flipkart Acquisition
Walmart, the global retail giant has approached the Competitive Commission of India (CCI), to secure the governing body's approval for its proposed acquisition of a major stake in the domestic e-commerce major Flipkart. Walmart states that the deal does not ...
Walmart to Open 50 New Stores in India
Walmart today said that it will grow its wholesale cash-and carry-business in India by adding 50 new stores in the next 4 to 5 years. This comes a day after it announced its $16 billion investment in Indian e-commerce retailer Flipkart. ...
Walmart Open 50 New Stores India
Walmart Acquires 77% Stake In Flipkart For $16 Billion
Walmart Inc. announced in a media statement that it has acquired 77 percent stake in India's largest online retailer Flipkart for $16 billion in the world's biggest e-commerce deal. The remaining will be held by Flipkart's existing shareholders that include co-founder Binny Bansal, ...
Walmart Flipkart Deal Completes With Us Retailer Acquiring
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