Mon, Jul 31, 2023
Retail giant Walmart has reportedly paid $1.4 billion to acquire VC form Tiger Global's remaining shares in the e-commerce major.
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Fri, Jul 14, 2023
Walmart-backed Flipkart on Friday began mega cash payout to staff, estimated to be worth USD 700 million, following its separation from fintech firm PhonePe.
Tue, Dec 06, 2022
The partnership will enhance access for participating MSMEs to schemes offered by the NSIC while making learning resources of Vriddhi available to MSMEs registered with the NSIC.
Tue, Nov 01, 2022
The company acquired stake in 63Ideas Infolabs, which operates the Ninjacart brand, and 50 per cent stake in Childrenite Private during the year.
Wed, Feb 06, 2019
Morgan Stanley, in a report titled 'Assessing Flipkart Risk to Walmart EPS' dated February 4, claimed that "an exit is likely, not completely out of the question, with the Indian e-commerce market becoming more complicated."
Thu, Nov 22, 2018
Walmart said it is in talks to bring new investors into Flipkart, said the report, and cited one person familiar with the matter saying that Flipkart is in discussions with Google, Intel and existing investor Microsoft to raise more capital.
Sat, Sep 08, 2018
"Before going into the merit of the appeal, we intend to know the manner in which Wal-Mart International Holdings Inc and Flipkart Private Ltd do their business in the relevant market in India," NCLAT said in a notice, asking Wal-Mart to file its reply by Sept. 20.
Tue, Aug 28, 2018
The traders' body said it had filed detailed objection against this deal before the CCI on several grounds.
Mon, Aug 13, 2018
The Competition Commission also observed that the complaint about Flipkart’s discounting practice or preference to select e-tailers is not specific to this merger deal and is “already prevalent” in the market.
Mon, May 14, 2018
Walmart, which failed to make an entry in India in the offline retail space, can now sell its products online to 1.3 billion people.
Sun, May 13, 2018
Walmart has already signed agreement to purchase shares worth $16 billion which is 77% of Flipkart,
Wed, May 09, 2018
After Flipkart deal, Walmart, which failed to make an entry in India in offline retail space with any kind of success, can now sell its products online to 1.3 billion population of the country.
For Amazon things are going to change now for the worse. It was facing stiff competition from Flipkart as it is and now, the Indian e-retailer will be backed by US retail giant Walmart.
Walmart has acquired 77% stake in Bengaluru-based online shopping portal Flipkart for a valuation of around $21 billion.
Walmart-Flipkart deal becomes world’s largest e-commerce deal, and also biggest FDI deal in India.
Walmart is all set to clinch a mammoth deal to buy a majority stake in Indian e-retailer Flipkart for anything between $10 bn to $15 bn.
Walmart, which failed to make an entry in India in offline retail space, can now sell its products online to 1.3 billion population of the country.
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