News
Walmart owned Flipkart doubles valuation, set to go public soon
Walmart owned Flipkart will double its valuation in less than three years to $37.6 billion after the latest funding that included SoftBank. Read more…
Walmart
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Indian Minister slams arrogant US tech giants for flouting local laws
Indian Commerce Minister Piyush Goyal accuses US e-commerce giants of being arrogant, flouting local laws and indulging in predatory pricing. Read more…
News
Flipkart’s digital payment arm PhonePe selling $700m stake to fuel growth
PhonePe, the digital payments unit of Walmart’s Indian e-commerce arm Flipkart, said it would sell a stake for $700m, helping it fuel growth. Read more…
News
Walmart-backed PhonePe pips Google Pay to become India’s leading UPI
Walmart-backed PhonePe has pipped Google Pay for the first time to become India’s leading Unified Payments Interface (UPI). Read more…
News
Walmart, Seiyu and Rakuten take bite out of Japan food market
Walmart’s tie up with Seiyu and Rakuten has found the sweet spot in Japan’s food market with a fast-growing venture ranked third in online grocery sector. Read more…
Views
The future of retail – survival of the biggest?
It is not easy to see where the future of retail lies. There is a massive shake up going on and one thing that retailers must get right is digital presence. Read more…
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Flipkart in talks to buy Indian grocery chain Namdhari’s Fresh
Walmart-owned e-commerce firm Flipkart is in talks to buy Indian grocery chain Namdhari’s Fresh, CNBC-TV18 reported on Wednesday, citing sources. Read more…
Views
Walmart says robot army will assist workers, not replace them
Walmart says it will add thousands more robots this year across its stores. And to hear Walmart tell it, that’s actually good news for its employees. Read more…
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Low turnout for shopkeeper protests against Walmart/Flipkart merger
MUMBAI/NEW DELHI (Reuters) – Indian shopkeepers and traders affiliated to a local lobby group held scattered sit-in protests across the country on Monday against Walmart’s proposed $16 billion acquisition of e-commerce firm Flipkart. The Confederation Read more…
Features
How private brands could reshape India’s e-commerce wars
MUMBAI (Reuters) – For Lalit Bisht, buying Roadster jeans and T-shirts off Myntra, Flipkart’s fashion operation, is a no brainer. It may take a week to deliver clothes to Bisht’s small hometown in Uttarakhand, but Read more…
News
SoftBank flips Flipkart stake to Walmart after short stint
TOKYO (Reuters) – SoftBank Group Corp said on Wednesday it is selling its roughly 20 percent stake in Indian e-commerce firm Flipkart to Walmart Inc, the first public divestment by its Vision Fund. Walmart said Read more…
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Amazon muscles in on Walmart’s Flipkart bid with formal offer: report
BENGALURU/MUMBAI (Reuters) – Amazon.com has made a formal offer to buy a 60% stake in Indian online retailer Flipkart, CNBC-TV18 reported on Wednesday, threatening to complicate Walmart’s bid to buy a majority stake in the Read more…
News
Walmart looks at buying into Indian e-commerce firm Flipkart
MUMBAI (Reuters) – Walmart Inc is in talks to buy a stake of more than 40 percent in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com Inc in Asia’s third-largest economy, two sources familiar Read more…