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”
Earlier this week it was reported that Flipkart has raised $1 billion from a new and existing investors and is planning for another $1 billion. Now, a latest report from Factory Daily suggests, the homegrown e-tailer is set to acquire eBay India as part of its fresh funding round of around $2 billion. The report adds that the round will stay open until it reaches $2 billion in total. Continue reading “Flipkart to reportedly acquire eBay India”
Flipkart has raised whopping $1 billion dollars and is eyeing another $1 billion in next few months, according to a latest report from Bloomberg.
Continue reading “Flipkart reportedly raises $1 billion at $10 billion valuation”
Microsoft and Flipkart have announced a strategic partnership under which the e-commerce major will adopt Microsoft Azure as its exclusive public cloud platform. Microsoft CEO Satya Nadella and Flipkart Group CEO and co-founder Binny Bansal announced the news at an event in Bangalore. Continue reading “Flipkart and Microsoft enter into Azure cloud partnership”
Samsung launched the Galaxy C9 Pro smartphone in the Indian market last month with 6GB RAM. In fact, this is the first Samsung smartphone to feature 6GB of RAM. Have a look at the unboxing of the phone below. Continue reading “Samsung Galaxy C9 Pro Unboxing”