Key shareholders of Indian e-commerce player Flipkart have reportedly agreed to sell their stake to US retail giant Walmart.
Walmart could seal Flipkart deal by end June to mark US retail giant’s biggest acquisition of an online business
Walmart Inc is likely to reach a deal to buy a majority stake in Indian e-commerce player Flipkart by the end of June in what could be the US retail giant’s biggest acquisition of an online business
Walmart completed a thorough due diligence process on e-commerce firm Flipkart this week as US retail giant looks to take a control of Indian company
Do post-1991 tech startups rooted in India deserve a treatment similar to what post-1947 steel or cement makers received?
Employees and ex-employees can tender their shares back to Flipkart at slightly more than $85, sources said. The transaction will leave Tiger Global and the Vision Fund each with roughly 20 percent stakes in Flipkart.
Ola and Uber are locked in an intense battle for leadership in the Indian market and have pumped in millions of dollars in driver incentives and discounted rides for customers
ShopClues to enter the unboxed and refurbished electronics category with focus on tier-III and IV towns
With a focus on the re-new gadgets category, ShopClues is structuring the massive opportunity around unboxed and refurbished electronics
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Amazon confirmed winning government approval for its plan to sell food products, but it declined to provide further details.
Indian online retailer Snapdeal has filed a police complaint against some former directors and former management of a local logistics company, in which it owns a stake, accusing them of defrauding the company of 3.57 billion rupees ($55.37 million), a police report showed.
Bahl and chief operating officer and co-founder Rohit Bansal can take cold comfort from the fact that Sachin and Binny Bansal are in not much of a better position at Flipkart, where hedge fund Tiger Global is calling the shots
SoftBank has been looking to push other investors such as Kalaari Capital and Nexus Venture Partners to get their approvals, but wasn't successful in convincing them
SoftBank is the largest shareholder in Snapdeal.
ShopClues' Co-founder, Sandeep Aggarwal took to Facebook yesterday accusing his wife and co-founder Radhika Aggarwal of pushing him out of the company.
Some funds that have invested in Flipkart have recently slashed the value of their holdings, media reports have said, citing securities filings
For now, at least, the Infosys board and CEO Vishal Sikka agree with the founder and have aligned completely with the sharply and deeply articulated values by Murthy
A senior Flipkart executive said this week's management restructuring was on the cards from the day Krishnamurthy joined Flipkart
Recently-appointed Flipkart CEO, Kalyan Krishnamurthy seems a specialist, who comes with his special set of skills from the Lee Pixel army and knows the ins and outs of e-commerce like nobody else
What started off as an ecommerce site which was renowned for selling books are discounted rates, Flipkart has a come a long way. Here is a look at Flipkart's journey from its founding days to date.
Flipkart is reportedly taking measures to cut costs by around 30 percent.