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Flipkart's front ops divested

Rajiv Kuchhal acquires front-end operations company, WS Retail Services.

Tags: flipkart

February 13, 2013  |  comments ( 0 )  | 
Flipkart's front ops divested

Rajiv Kuchhal has acquired Flipkart's front-end operations company WS Retail Services, helping the e-tailer comply with regulations on foreign ownership.

Flipkart, which incorporated a new parent company in Singapore some months ago, has US investors like Accel Partners, Tiger Global and South Africa's Naspers backing it.This leaves Flipkart with no shareholding in the Indian operations company WS Retail, which employs more than 5,000 staff and with a licensing deal to use the former's brand and technology in the domestic market. 
 
 

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