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Flipkart valuation declines by over Rs 41,000 crore in two years

The valuation of the e-commerce firm declined to $35 billion as of January 31, 2024, from $40 billion in the financial year ended on January 31, 2022New Delhi: E-commerce firm Flipkart's valuation has declined by $5 billion or around...

Flipkart’ Big Billion Days drives Walmart’s international sales in Q4 FY 2024

Walmart operates approximately 10,500 stores and clubs in 19 countries and e-commerce websitesNew Delhi: The US retail giant Walmart's international sales in the fourth quarter got a boost from 'The Big Billion Days' sales by its Indian e-commerce arm...

Walmart sourced goods worth over $30 billion from India in last two decades

Now the company has a goal to triple its sourcing of goods from India up to worth $10 billion per year by 2027New Delhi: Walmart has sourced goods worth over $30 billion from the Indian market in the last...

Spencer’s Retail exited loss-making Kerala, TN to double-down on focused markets: Anuj Singh, MD

Anuj Singh of Spencer's speaks about the ongoing slowdown in the retail business, the proliferation of products for retailing and much moreNew Delhi: Anuj Singh, managing director of Spencer’s Retail, is an industry veteran with almost three decades of...

The evolution of voice commerce

How voice shopping has evolved with time and advances in technology and how retailers are using it to personalise experiences New Delhi: “Ok Google, where can I find the best phones near me,” or “Ok Google, show me red tees...

We are in early stages of true omnichannel era: Piyush Chowhan, CIO, Panda Retail Company

Piyush Chowhan, Chief Information Officer, Panda Retail Company, Savola Group, Saudi Arabia speaks about technology in retail, its evolution, its challenges and much more…New Delhi: With over two decades of experience in the supermarket, hypermarket and fashion retail, Piyush...

Toys to be significant portion in Walmart’s $10 billion exports target from India

The company has earlier informed toy makers about their requirements and expected quality standardsNew Delhi: US-based retail giant Walmart is targeting to increase its exports from India to $10 billion annually and domestic toys will account for a significant...

Reliance Retail opens Hamleys Play store in Pune

The new Hamleys Play store is located at the Kopa mall in PuneReliance-owned multinational toy retailer Hamleys has launched Hamleys Play store in Pune at the Kopa mall, according to a social media post."Hamleys Play has now opened...

Flipkart gets $600 mn from Walmart at around 5-10% higher valuation

The last disclosed valuation was $37.6 billion or Rs 2.79 lakh crore when it raised $3.6 billion or about Rs 26,800 crore from GIC, Canada Pension Plan Investment Board, Softbank Vision Fund 2, Walmart, DisruptAD, Qatar Investment Authority, Tiger...

Amazon India inks pact with Indian Coast Guard

Amazon India will collaborate with the ICG to help ex-servicemen from military backgrounds pursue their corporate careerMumbai: E-commerce giant Amazon India on Wednesday signed an agreement with the Indian Coast Guard (ICG), under the Ministry of Defence, to provide ex-service...
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Footwear brand Trase reacquired from Upscalio, raises $0.5mn

Trase was acquired by Upscalio in 2021 as part of its strategy to build a diversified portfolio of brands...
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