The global e-commerce major Alibaba is eyeing a stake in food and grocery chain, Spencer’s Retail, according to various newspaper reports. RP-Sanjiv Goenka’s retail chain, which is a wholly-owned subsidiary of CESC Ltd...
Ecommerce
Nykaa in early talks with SoftBank to raise up to $200 million
Nykaa, the online retailer of fashion and beauty products, is in early talks with Japan’s SoftBank Group Corp. to raise $150-200 million, according to two people aware of the development. The latest funding round, if it...
Flipkart in talks to raise capital from investors
Walmart Inc.-owned Flipkart has initiated talks with strategic investors to raise fresh capital after discussions with Google Inc. collapsed earlier this year, two people familiar with the matter said. Flipkart’s...
Flipkart acquires Israel-based start-up Upstream Commerce
Flipkart has acquired an Israel-based analytics start-up called Upstream Commerce, as India’s largest online retailer looks to support its massive seller base with services such as real-time pricing and information on...
Flipkart eyes stake in Hotstar to enter Amazon Prime Video, Netflix arena
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...
