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”
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”
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”
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”
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”
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”
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”
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”
Flipkart has acquired F1 Info Solutions, a mobiles and IT repair services company with a pan-India presence of owned and franchised centres. F1 Info Solutions will be a part of Jeeves, a Flipkart company. Continue reading “Flipkart acquires mobiles and IT products service chain F1 Info Solutions”
Flipkart has raised a latest round of funding from SoftBank
Vision Fund. This is said to be the biggest ever private investment in an Indian technology company and will make the Vision Fund one of the largest shareholders in Flipkart. Continue reading “SoftBank Vision Fund invests in Flipkart to become one of its largest shareholders”
Snapdeal has called off merger talks with Flipkart after almost six months of discussions and negotiations. The latest news comes just days after it was reported that Snapdeal board has approved $900-$950 million buyout deal. If the deal with Flipkart had gone through, it would have marked as the largest acquisition in the Indian e-commerce landscape. Continue reading “Snapdeal calls off Flipkart merger”
Snapdeal has accepted Flipkart’s revised $900-950 million buyout offer, according to a latest report from Reuters. Citing two sources, Reuters stated that the board of Jasper Infotech, which runs Snapdeal, approved Flipkart’s bid of $900 million-$950 million last week.
Continue reading “Snapdeal approves Flipkart’s revised $900-950 million buyout offer”
Snapdeal has rejected an initial takeover offer of $800-$900 million from rival Flipkart, according to a latest report from the Economic Times. The development comes just a few days after Flipkart completed its commercial and legal due diligence of Snapdeal.
Continue reading “Snapdeal rejects $800-$900 million offer from Flipkart”
Flipkart is working on an one-stop app that will allow users to perform several operations like ordering food, booking a cab, planning a vacation, or buying daily essentials. The homegrown e-commerce firm has already initiated preliminary talks with food, cab and travel aggregators for its “all-in-one” app.
Continue reading “Flipkart is working on all-in-one app that lets you order food, book cabs and more”
In a bid to reduce its operational cost, Flipkart has tightened its return and exchange policy for major items on its porta. The homegrown ecommerce company will not offer refunds on an array of products like mobile accessories, personal care appliances, computer and camera accessories, office equipment, apart from high-cost items such as mobile phones, large appliances and furniture.
Continue reading “Flipkart tightens return policy, curbs on easy refunds for camera, mobile accessories”
