Flipkart, the big daddy of the Indian e-commerce is about to get bigger. The company has raised eye popping $1 billion (Rs. 6000 Crore) in the latest round of funding from new and existing investors, according to a report from the Economic Times.
Continue reading “Flipkart secures whopping Rs. 6000 Cr in latest funding: Report”
Last month Flipkart announced its annual priority subscription service, Flipkart First. Today, the Indian e-commerce giant has rolled out Scheduled Delivery service in selected cities. This will let Flipkart customers to choose a specific date and time for delivery of their orders.
Continue reading “Flipkart introduces Scheduled Delivery in selected cities”
Owing to the increasing cut throat competition in the effervescent Indian e-commerce market, Snapdeal has reduced its delivery time under a new service. Dubbed as ‘Snapdeal Plus’, the service aims to offer customers delivery of products within two hours of placing an order.
Continue reading “Snapdeal aims 2-hour delivery under Snapdeal Plus”
Soon after acquiring fashion e-retailer Myntra for an estimated price of over $330 million, Flipkart has received funding worth $210 million from DST Global which is a fund led by Yuri Milner. Other investors in this latest round of funding include existing invested Tiger Global, Accel Partners and Iconiq Capital. Continue reading “Flipkart secures $210 million in funding from DST Global and others”
Flipkart and Myntra merger is a done deal. India’s big daddy Flipkart has acquired 100% stake in fashion and lifestyle e-retailer Myntra. The exact amount of the deal is not disclosed by either of the companies, but as per few reports it might be more than $300 million (Rs. 2000 crore approx.).
Continue reading “Flipkart finally acquires Myntra in India’s biggest e-commerce deal”
MediaNama is reporting that Online Retailer Flipkart.com is all set to acquire competitor LetsBuy.com . Flipkart is the leading online retailer in India and has taken the India e-commerce market by storm. LetsBuy has been giving a tough fight to Flipkart especially in Mobile Phones and Tablets with competitive pricing and coupons. I have shopped on both Flipkart and LetsBuy and have noticed some products which are not available on Flipkart are available on LetsBuy as the latter seems to have a larger inventory. Continue reading “Breaking : Flipkart to acquire LetsBuy.com”
