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Walmart Foundation to support 1 mn small farmers in India over next 5 yrs; announces grants worth USD 3.53 mn

The aim is to enhance farm inputs, provide market access, new buyers and technology support like cash-less transactions among others to smallholder farmers in India and make them self-sustain New Delhi: Walmart Foundation on Wednesday announced its plan to support...

Five global brands going big on Metaverse

After reigning online and on e-commerce, these global retail giants are now setting up their shops in the metaverse, getting ready for a new digital marketplaceNew Delhi: After establishing their global brick-and-mortar empires and e-commerce entities, global retail giants including...

PhonePe raises $200 million in additional funding from Walmart

With this tranche, the company has raised a total of $650 million (around Rs 5,360 crore) from several global investorsNew Delhi: PhonePe, one of India's largest fintech platforms, on Friday said it has raised an additional $200 million (around...

This global retail brand has its own satellite network

While Amazon is considered the most valuable retail brand in the world, the American retail corporation, Walmart is much ahead of it. It will be surprising for you to learn that with a net worth of US$548.743 billion, Walmart...

Walmart pays most of tax bill arising from shifting of PhonePe headquarters to India

Walmart Inc and other PhonePe shareholders faced nearly USD 1 billion as capital gains tax after the digital payments company shifted its headquarters to IndiaNew Delhi: US retail giant Walmart has paid the taxes arising from the shifting of the...

Walmart, Flipkart join hands with NSIC to help MSMEs grow

Walmart and Flipkart tied up with NSIC to speed up capacity building for MSMEs across India to help them become part of retail supply chainsNew Delhi: Walmart and Flipkart on Tuesday joined hands with the National Small Industries...

Walmart e-commerce sales to grow by 21% in 2021 to $65 billion, nearly a sixth of Amazon’s $367 billion

A massive boom in click-and-collect trends is expected to accelerate Walmart’s pandemic-driven momentum through 2021.According to the research data analyzed and published by ComprarAcciones.com, Walmart’s online sales will grow by 21.2% to $64.62 billion in 2021. Its share of US online...

The top 3 global online marketplaces which accounted for nearly 2/3s of $2.67 tn 2020 GMV

Online marketplaces around the world enjoyed stratospheric growth in 2020. According to the research data analyzed and published by ComprarAcciones.com, the top 100 online marketplaces globally posted sales worth $2.67 trillion in 2020. Compared to 2019, that marked a 29%...

Walmart ties up with TikTok to host new livestream shopping feature

fter running a successful pilot, retail giant Walmart is now set to host another livestream shopping event on TikTok on Thursday.The new Spring Shop-Along will run this Thursday, March 11 at 9 p.m. EST on the Walmart TikTok channel. Like the prior holiday event, the new...

Flipkart to focus on grocery & fashion biz, scaling loyalty program

Walmart-owned Flipkart on Thursday said it is working on scaling its loyalty programme, grocery and fashion business while continuing to invest in technology and infrastructure this year as it looks to strengthen its position in the burgeoning Indian e-commerce market. The company, which...
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UP-based furniture brand Ouchcart eyes 200% revenue growth in FY25

The brand, which was established in 2018, clocked a revenue of Rs 3 core in FY 23 New Delhi: Uttar Pradesh-based...
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