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Walmart increases stake in Flipkart, pays $3.5 billion to acquire further shares

During the same period, the company received $700 million related to new rounds of equity funding for the company's majority-owned PhonePe subsidiaryNew Delhi: US retail giant Walmart has increased its stake in Indian e-commerce subsidiary Flipkart as it paid...

Mahindra Logistics signs pact with Flipkart for dedicated fleet of heavy commercial vehicles

Under the partnership, Mahindra Logistics will operate 32 feet single axle HCVs for Flipkart in collaboration with Daimler India Commercial Vehicles, which will run on multiple national routes, across the countryMumbai: Mahindra Logistics Limited (MLL) on Friday announced a...

Flipkart’s grocery fulfilment centre launched in Ludhiana

The centre will market access to a large number of Micro, Small and Medium Enterprises (MSMEs), and farmer producers' organisationsLudhiana: Punjab Investment Promotion Minister Anmol Gagan Maan on Wednesday launched Flipkart's first grocery fulfilment centre in Ludhiana, according to...
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Indian burgeoning e-commerce lowers discounts, focuses on profits, as funding declines

Two-day Phygital Retail Convention deliberates declining consumption disparity New Delhi: Indian e-commerce market is on the rise, but funding from...
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