Walmart Inc., the world’s largest retailer, is in final negotiations to buy a majority stake in Flipkart Ltd even as a rival combination of Flipkart and Amazon looks increasingly unlikely, three people familiar with the...
Ecommerce
Flipkart Walmart deal would be good for e-commerce: Amazon India head
Since its launch in June 2013, Amazon India (Amazon Seller Services Pvt. Ltd) has been the biggest threat to market leader Flipkart. Now, Amazon is in a two-way race with rival Walmart Inc. to buy a controlling stake in...
Walmart, eBay fresh round of talks likely for $12 bn deal with Flipkart
As Flipkart waits to close its $12 billion stake sale to Walmart, a fresh round of talks might happen between the US-based retail giant and global e-commerce giant eBay to figure out issues related to merchants...
JD.com takes $85 million stake in Allianz China unit
JD.com Inc. will invest 536.6 million yuan ($85.4 million) for a 33% stake in the China unit of global insurance giant Allianz SE, the companies said, as part of the Chinese e-commerce firm’s push into financial...
Myntra acquires wearables maker Witworks
Myntra has bought Bengaluru-based start-up Witworks, a maker of wearable devices, for an undisclosed amount, as the Flipkart-owned online fashion retail firm looks to diversify and launch new categories, even as it...
Any Flipkart-Amazon deal to face intense CCI scrutiny
Any Flipkart-Amazon deal is likely to face close scrutiny for the competition watchdog, according to experts, given the dominant market share the two entities have in the ecommerce space and the weight the combined...
MakeMyTrip partners with Flipkart for travel bookings
Online travel portal MakeMyTrip Ltd has formed a partnership with Flipkart to allow customers to book domestic flight tickets and other travel services directly through the e-commerce firm’s portal. The partnership will...
Flipkart dialled Amazon after Walmart revived deal talks
India’s leading e-commerce firm Flipkart reached out to global internet giant Amazon.com Inc. for a potential sale less than a year after its chairman said India needs to follow the Chinese example of promoting local...
Amazon may make rival bid for Flipkart
Amazon may submit a rival offer to buy India’s largest e-commerce firm Flipkart, which is in advanced talks with Walmart Inc. for selling a majority stake, said two people with direct knowledge of the matter. Amazon has...
Alibaba to buy remaining shares in food delivery app Ele.me
Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) said on Monday it would buy the remaining shares of Ele.me, a major platform in China’s food delivery market, as it competes with Tencent Holdings Ltd (0700...
Whole Foods calls supplier summit amid Amazon angst
Whole Foods will host a summit on Tuesday for up to 200 of its suppliers, amid anxiety about how its ongoing business revamp will play out under new owner Amazon.com AMZN.O. Amazon’s $13.7 billion purchase of Whole...
Shardul Amarchand Mangaldas advises Pepperfry in raising Rs 2.5 bn funding
Shardul Amarchand Mangaldas advised Pepperfry on its Rs 2.5 billion fund-raising from US-based investor State Street Global Advisors. Pepperfry operates an e-commerce business in India and State Street Global...
