Flipkart
Retail
Flipkart’s acquisition a blow to ‘Make in India’ campaign: CPI-M
IANS -
The Communist Party of India-Marxist on Thursday came out strongly against global retail giant Walmart's proposed acquisition of India's largest e-tailer Flipkart saying it changes 'Make in India' campaign to 'Make for India'."The $16 billion acquisition by international e-commerce...
Retail
No change in operating processes after Walmart deal, says Flipkart CEO Kalyan Krishnamurthy
Flipkart's Chief Executive Officer Kalyan Krishnamurthy has reached out to sellers on its platform and sought to reassure that there will be no changes in the operating processes of the Bengaluru-based firm as a result of the US $16-billion...
Retail
Walmart-Flipkart US $16 billion deal: A 16-point fact sheet on how both companies entered India in 2007
The following are the highlights of the Indian e-commerce giant Flipkart, in which US-based Walmart has bought 77 percent stake for US $16 billion:- Sachin Bansal and Binny Bansal (not related) set up Flipkart in 2007 in Bengaluru. The...
Retail
Walmart-Flipkart Deal: SoftBank yet undecided on selling stake in Flipkart
Japan’s SoftBank Group Corp has not yet decided to sell its 20-22 percent stake in Flipkart to US retailer Walmart Inc, sources with direct knowledge of the development told PTI.According to a PTI report: SoftBank’s Masayoshi Son will take...
Retail
Sachin Bansal posts emotional farewell message on Facebook, wants to get back to basics
Flipkart co-founder Sachin Bansal, who is exiting the Bengaluru-based company post the Walmart deal, plans to catch up on gaming and brush up his coding skills as he takes time off to finish few pending personal projects.According to a...
Retail
Really sad to see Sachin leave Flipkart, says co-founder Binny Bansal
They were considered the Jai-Veeru of Indian startup panorama, and when one decided to finally exit the company they founded 11 years ago it was really a sad moment for the other.According to a PTI report: Sachin Bansal's decision...
Retail
Deal was among the best decisions, says Walmart CEO to Flipkart staff
Within hours of adding Flipkart to its shopping cart at a US $16 billion price tag, Walmart CEO Doug McMillon told the e-retailer's employees that the deal was among the best decisions and emphasised that India was the best...
Retail
Walmart to open 50 new stores in India in 4-5 yrs
A day after announcing US $16 billion investment in India's largest online retailer Flipkart, Walmart Inc said it will continue to grow its wholesale cash-and-carry business, adding 50 new stores in the next four-five years."We currently have 21 stores...
Retail
Amazing Journey of Flipkart’s Sachin Bansal, Binny Bansal
When IIT Delhi engineers Sachin Bansal and Binny Bansal started Flipkart in 2007 with Rs 4 lakh, going door-to-door to deliver books, they had no intention to sell their company irrespective of the valuation.According to a PTI report: Sachin...
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How Madhav Kasturia of Zippee is addressing critical pain points of quick commerce
The founder and chief executive officer of Zippee is helping D2C brands and e-commerce players bridge the gap between...
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