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Showing 1 - 15 News out of 526

Walmart India, Flipkart top executives meet CCI

The meeting convened after the Walmart's approach to CCI for the approval of its proposed acquisition of a majority stake in e-commerce major Flipkart.

May 24, 2018  |  comments ( 0 )  | 

Kroger buys Chicago-based Home Chef for $200 mn

Kroger will pay $200 million for Chicago-based Home Chef, and may pay an additional $500 million over five years provided the sales reach desired milestones. Kroger plans

May 24, 2018  |  comments ( 0 )  | 

Paytm acquires e-ticketing startup TicketNew

The development marks a clear intent of the Noida-based Paytm to take on the current leader in the segment, Book-MyShow, which has been focusing on its events business

May 23, 2018  |  comments ( 0 )  | 

Online Grocery Startup Milkbasket Raise $7 Mn Series A Round

In previous raises, the company had raised $3 million in a pre-series A funding from Unilever ventures and others in January 2018.

May 22, 2018  |  comments ( 0 )  | 

Amazon India CTO Dale Vaz Quits, Likely to Join Swiggy

Vaz has already served 10 in Amazon and had been heading the engineering unit of Amazon India's consumer business since 2014.

May 19, 2018  |  comments ( 0 )  | 

Flipkart India Cuts losses to Rs 244.7 crore in 2017 Fiscal

Locked in an intense battle for market leadership against American rival Amazon in India, Flipkart had recently inked an agreement with Walmart.

May 17, 2018  |  comments ( 0 )  | 

Flipkart's former employees can sell 30% of their Esops for $125-129

The company has reportedly kept aside $500 million for what will be the largest repurchase in the Indian startup ecosystem. It will take place upon closure of the deal

May 15, 2018  |  comments ( 0 )  | 

Walmart may put $ 3 bn more in Flipkart to Buy 85% stake

The Masayoshi Son-led, SoftBank group invested $2.5 billion in Flipkart in August last year through its $100 billion Vision Fund.

May 14, 2018  |  comments ( 0 )  | 

Flipkart Won't Change Into Walkart: Doug McMillon

This time around, Walmart's choice in India is starkly different. While Flipkart has absorbed billions of dollars of investor money to rapidly grow its business, its main

May 10, 2018  |  comments ( 0 )  | 

Post-Flipkart Deal Walmart Plans 50 new India Outlets in 4-5 yrs

For the cash-and-carry business, Walmart currently operates in 9 states and 19 cities and the future expansion is focused on more or less the same geographies.

May 10, 2018  |  comments ( 0 )  | 

Ecom Express revenue Surges 40% in 2018 Fiscal

Ecom Express competes with players such as Delhivery and XpressBees that cater mainly to e-commerce customers.

May 08, 2018  |  comments ( 0 )  | 

Snapdeal To Sell Unicommerce' Biz to Infibeam In Rs 120 Cr deal

Both the companies kept the deal a top secret and will hold a board meeting to get the deal approval, as per the sources.

May 07, 2018  |  comments ( 0 )  | 

Walmart India cuts losses by 27% in FY17

The company posted a loss of Rs 75 crore for FY17. It also witnessed a 10% revenue growth for the fiscal ending March 2017 as compared to previous 12 months.

May 07, 2018  |  comments ( 0 )  | 

Apple Posts Highest India revenue in fiscal 1st half

Besides its earnings from iPhones, Apple sold 4.1 million Macs, generating year-over-year growth in many emerging markets including Latin America, the Middle East and

May 02, 2018  |  comments ( 0 )  | 

Sainsbury To Acquire Walmart's UK Unit for $10.1 billion

The deal will be looked over by Britain's Competition and Markets Authority because of concerns about market dominance.

May 01, 2018  |  comments ( 0 )  |