Page 2 Walmart: Latest News and Updates, Top Stories, Videos, Photos About Walmart

PhonePe Raises $200 Million In Additional Funding From Walmart

PhonePe, one of India's largest fintech platforms, on Friday said it has raised an additional USD 200 million (around Rs 1,649 crore) in primary capital from Walmart, at a pre-money valuation of USD 12 billion. This new funding comes as a ...

Flipkart To Acquire Majority Stake In Pharmacy Platform SastaSundar

Walmart-owned Flipkart on Friday said it will acquire majority stake in Kolkata-based Sastasundar Marketplace that owns and operates online pharmacy and digital healthcare platform, SastaSundar.com. While the deal size was not disclosed, Flipkart said it is foraying into the healthcare ...

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 ...

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 ...

Flipkart Acquires Walmart's Wholesale Business In India; Launches Flipkart Wholesale

Flipkart Group said it has launched Flipkart Wholesale aimed at transforming the kirana ecosystem in the country. For this, the e-commerce major has acquired 100% stake in Walmart India Pvt Ltd, which operates the Best Price cash-and-carry business. Operations of ...

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. ...

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 ...

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 ...

No More Hefty Discounts, Lesser Product Choice On E-Commerce Platform From Feb 1

As the new laws imposed by the Indian government come into effect from tomorrow, at least if not on a permanent basis, you may a see a whole range of products go off the shelf from the e-commerce site such as ...

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 ...

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. ...

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