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Tiger Global

Startup Inspiration: Flipkart founder Sachin Bansal

After having led Flipkart to its glory, Bansal started Navi Technologies and is pursuing opportunities in the banking financial services and insurance sector Co-founder of homegrown e-commerce marketplace Flipkart Sachin Bansal is known as the flag-bearer of the Indian startup ecosystem. The...

Walmart acquires Tiger Global’s stake in Flipkart for $1.4 billion

The transaction took place at an enterprise valuation of around $35 billionNew Delhi: US retail giant Walmart has acquired the entire stake of Tiger Global for USD 1.4 billion at an enterprise valuation of $35 billion, sources aware of...

PhonePe raises $100 million in additional funding at $12 billion valuation

Fintech firm PhonePe has raised about Rs 828 crore in primary capital from new investors Ribbit Capital and TVS Capital Funds with participation from existing investor Tiger GlobalNew Delhi: Fintech firm PhonePe has raised another $100 million (about Rs...

Walmart acquires 77 percent stake in Flipkart Group

Retail giant Walmart Inc. on Saturday acquired approximately 77 percent stake in e-commerce major Flipkart.According to a statement, Walmart now holds approximately 77 percent of Flipkart, while the remainder of the business is held by other shareholders, including Flipkart...

Grofers to enter FMCG segment; targets Rs 2,500 crore revenue by FY19

Online grocery firm Grofers has announced that it is entering the FMCG segment and targeting an overall revenue of Rs 2,500 crore by FY2019.The company recently launched seven new brands under two categories Budget and Popular G-Brands."With this, Grofers' private labels expands to...

‘Flipkart founders may be liable for 20 pc capital gains tax after stake sale to Walmart’

Flipkart founders Sachin and Binny Bansal may have to pay 20 percent capital gains tax if they sell their shares in the company as part of the proposed deal with US retail giant Walmart, say tax experts.According to a...

Grofers raises Rs 400 cr from SoftBank Group

Online supermarket platform Grofers on Friday said it has raised Rs 400 crore in a fresh funding round led by Japanese conglomerate SoftBank Group.A significant amount of investment will go towards building infrastructure and technology and efficient supply of...

Amazon to continue investing in infra, innovation in India

Amazon will continue to invest in India in expanding infrastructure and bringing in solutions that enhance consumer and seller experience as the US-based e-commerce major looks to overtake local rival, Flipkart. According to a PTI report: Amazon, which has completed...

Flipkart in talks to raise US $800 million to strengthen operations

E-commerce major Flipkart is in advanced stage of discussions to raise about US $800 million to further strengthen its operations in a bid to take head on the competition from American rival Amazon. According to a PTI report: The funding,...

Tiger Global Management cuts stake in Amazon by 2/3rd

Tiger Global, the largest investor in e-commerce major Flipkart, has cut its stake in in US-based e-tailer Amazon by 67 per cent in the quarter ending March 2016. Amazon was the hedge fund's second largest investment. As per regulatory filings,...
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What’s driving the growth of luxury brands in India?

Rising disposable incomes, shifting customer tastes and the expansion of e-commerce platforms are all contributing to the growth of...
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