Flipkart has held talks to buy a stake in Hotstar, Star India’s video streaming service, as part of India’s largest online retailer’s strategy to bet big on video content and attract more Internet consumers and...
Walmart’s purchase of Mexico food delivery app set to spur e-commerce
Walmart Inc will acquire Latin American food delivery service Cornershop for $225 million, it said on Thursday, in a move to ramp up its online grocery business in Mexico and Chile. The deal mirrors Walmart’s growing...
Meesho in talks to raise funds from DST Global
Less than three months after raising its last round of funds, Meesho, one of the fastest growing e-commerce companies in the country, has initiated talks to raise a fresh round of capital from Russian investment company...
Alibaba takes joint venture route to Russia expansion
China’s largest e-commerce firm, Alibaba Group Holding Ltd has joined forces with a state fund and two technology firms in Russia, hoping that access to their client base of more than 100 million people will boost its...
Amazon Pay said to acquire Tapzo in digital payments push
Amazon Pay India, Amazon India’s payments arm, has acquired Bengaluru-based app aggregator Tapzo to ramp up its digital payments business in the country amid increased competition from rivals. Amazon Pay India picked up...
Flipkart acquires AI startup Liv.ai, eyes more tech acquisitions
India’s largest online marketplace Flipkart on Tuesday said it has bought Liv.ai, an artificial intelligence (AI) start-up which has built a platform that converts speech to text in 10 Indian languages. The company did...
Walmart completes acquisition of majority stake in Flipkart for $16 bn
Walmart, the world’s largest retailer, has completed the acquisition of majority stake in India’s leading e-commerce marketplace, Flipkart. In a joint statement issued on Saturday, Walmart and Flipkart...
Paytm acquires Bengaluru’s savings management startup Balance Technology
Digital payments major Paytm on Thursday said it had acquired Bengaluru-based savings management start-up, Balance Technology for an undisclosed amount. The acquisition will help One97 Communications, which operates the...
Flipkart-Walmart deal crosses key CCI hurdle
India’s antitrust regulator has approved Walmart’s $16-billion purchase of Flipkart, despite protests from traders across the country over fears that the deal would drive several small retailers out of business. On...
Big payday ahead for investors as CCI approves Walmart-Flipkart deal
Clearing the way for global retail giant Walmart to enter India’s e-commerce market, the Competition Commission of India (CCI) has approved its $16 billion deal to buy a 77 per cent stake in Flipkart. “CCI India...
Alibaba to buy minority stake in Focus Media to tap digital marketing
Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) on Wednesday said it has agreed to acquire a minority stake in China’s Focus Media Information Technology Co Ltd (002027.SZ) to tap into the digital marketing...
Amazon to enter drug business, to buy online pharmacy PillPack for $1 bn
Amazon.com Inc said on Thursday it would buy small online pharmacy PillPack, a move that will put the world’s biggest retailer in direct competition with drugstore chains, drug distributors and pharmacy benefit...
