Flipkart co-founder Binny Bansal steps down as CEO

Binny Bansal has announced his resignation as CEO of Flipkart Group, effective immediately. Though being an important part of Flipkart since co-founding the company, but owing to the recent events Binny has made a decision to step down. Continue reading “Flipkart co-founder Binny Bansal steps down as CEO”

Online smartphone shipments in India grows 65% YoY in Q2 2018, Xiaomi leads with 54% share: Canalys

The online smartphone market in India is expected to surpass 15 million units in Q3 2018 with a growth of more than 25% year-on-year and expected to account a record 38% of the total smartphone market. In Q2 2018, online channels including Flipkart, Amazon, PayTm Mall, mi.com, OnePlus.com grabbed 35% share, growing 65% year-on-year. Continue reading “Online smartphone shipments in India grows 65% YoY in Q2 2018, Xiaomi leads with 54% share: Canalys”

Flipkart forays into insurance market starting with complete mobile protection program

Flipkart New Logo

Flipkart has announced that it is foraying into insurance after securing a corporate agent license. The company will offer customized insurance solutions to power its Complete Mobile Protection program for all leading mobile brands being sold on its platform in partnership with Bajaj Allianz General Insurance. It will offer both cash payout option or free pick up, service and drop convenience to customers. Continue reading “Flipkart forays into insurance market starting with complete mobile protection program”

Flipkart said to be eyeing stakes in Hotstar to enter video streaming service

Flipkart New Logo

Flipkart is said to have held talks to buy a stake in Star India’s Hotstar streaming service. This move comes as a part of retailers strategy to grow big on video content and attract more Internet consumers and shoppers, according to people aware with the matter. Continue reading “Flipkart said to be eyeing stakes in Hotstar to enter video streaming service”

Flipkart launches 2GUD e-commerce portal for refurbished goods

Flipkart 2GUD

Flipkart after acquiring eBay.in last year has recently shut down its Indian operations. Now after closing it down for good, Flipkart launched a brand new platform to sell refurbished products; the platform is named 2GUD. It is more or less like any other e-commerce site selling electronic items but contains only certified refurbished products at low prices. Continue reading “Flipkart launches 2GUD e-commerce portal for refurbished goods”

Flipkart acquires AI speech-recognition startup Liv.ai

Flipkart has announced that it has acquired Liv.ai which is an AI-led speech-recognition startup that has developed a speech-to-text platform supporting 10 Indian languages. This acquisition would become part of Flipkart’s center voice solution, and help accelerate an end-to-end conversational shopping experience. Continue reading “Flipkart acquires AI speech-recognition startup Liv.ai”

Walmart completes acquisition of 77% stake in Flipkart for $16 billion

Flipkart New Logo

Walmart Inc. and Flipkart Group today announced that the acquisition transaction has now been completed making Walmart the largest shareholder in the Flipkart Group. Walmart back in May had announced that it is acquiring 77% stake in Flipkart for $16 billion. This partnership to leverage combined synergies, including market insights, retail expertise and local and global supply-chain knowledge.  Continue reading “Walmart completes acquisition of 77% stake in Flipkart for $16 billion”

eBay to relaunch its India business after selling its stake in Flipkart to Walmart

Walmart and Flipkart deal is creating a lot of news across the world, and freshly it is eBay who is said to be planning to relaunch its India business after selling its stake in Flipkart for $1.1 billion to Walmart. eBay has already announced that it is intending to sell its holdings in Flipkart.  Continue reading “eBay to relaunch its India business after selling its stake in Flipkart to Walmart”

Flipkart introduces Amazon-like 15-minute check out window for Redmi Note 5 Pro sale

There is a lot to love about Xiaomi phones especially for the price they are offered but the only problem with the devices has been the company’s sale model. It is often seen that buyers keep trying for weeks to get their hands on the desired products and sometimes even they can not buy the color/variant they want. Continue reading “Flipkart introduces Amazon-like 15-minute check out window for Redmi Note 5 Pro sale”

Walmart to acquire 77% stake in Flipkart for $16 billion

Putting an end to the rumors and reports, Walmart has officially confirmed that it has signed an agreement to acquire 77% stake in Flipkart for about $16 billion. The investment will help accelerate Flipkart’s customer-focused mission and traansform commerce in India through technology, at the same time boost Walmart’s commitment to sustained job creation and investment in India.  Continue reading “Walmart to acquire 77% stake in Flipkart for $16 billion”

Walmart said to acquire 73% of Flipkart valued at $16 billion, Alphabet might pitch in $3 billion

Reports and rumors about Walmart acquiring Flipkart go back to a couple of months where Walmart was said to acquire about 40% of Flipkart. A couple of weeks back, it is again reported that Walmart said to acquire 51% stake in Flipkart. Freshly we hear that Walmart might get hold of 73% of Flipkart valued at $16 billion. Continue reading “Walmart said to acquire 73% of Flipkart valued at $16 billion, Alphabet might pitch in $3 billion”

Walmart said to acquire 51% stake in Flipkart next week

Back in February, it was reported that Walmart is likely to acquire more than 40% stake in Flipkart. However,  now report from Reuters says that Walmart could seal a deal to buy a more than 51% stake in Flipkart as early as next week. Continue reading “Walmart said to acquire 51% stake in Flipkart next week”

Amazon said to be planning to acquire Flipkart

According to a latest report, Amazon is planning to submit a rival offer to buy India’s largest e-commerce firm Flipkart who are in advance talks with Walmart Inc. for selling a majority stake. The company is said to be in early exploratory talks to buy Flipkart even as Flipkart closes in on sale to Walmart. Continue reading “Amazon said to be planning to acquire Flipkart”

Walmart said to be in talks to acquire more than 40% of Flipkart

Flipkart new logo

Back in 2016 US retail giant, Walmart was in talks to invest up to whopping $1 billion Flipkart. Nothing ever happened on that, however, now according to new report from Reuters, Walmart is said to be in talks to acquire more than 40% of Flipkart.  Continue reading “Walmart said to be in talks to acquire more than 40% of Flipkart”