SoftBank-backed Flipkart on Thursday said it will invest $500 million in its payments arm PhonePe to scale up operations. The commitment is in addition to the $75 million infused by Flipkart in PhonePe since the...
Patni’s JV with Amazon could be a game changer
When Patni Computer Systems was founded by Narendra Patni and his two brothers — Gajendra and Ashok — back in the 70’s, Jeff Bezos was barely in school and the likes of Nandan Nilekani and Narayana Murthy were on their...
Homeshop18, Shop CJ agree to merge
E-commerce company Homeshop18 on Thursday entered into an agreement with home shopping network Shop CJ Network Pvt. Ltd to combine the businesses of both entities. Homeshop18 is a subsidiary of Network18 Media &...
Flipkart hopes F1 Info Solutions acquisition will give it an edge over Amazon
Online retailer Flipkart Ltd is betting that its acquisition of F1 Info Solutions, which offers repair services for mobile and electronics, will provide the company with a defensible asset in the key category of...
JD.com, Thai retailer Central Group form $500 million e-commerce JV
JD.com Inc and top Thai retailer Central Group will form a $500 million joint venture in e-commerce and financial technology, the companies said, as China’s second biggest e-commerce company seeks to boost its presence...
If merger or IPO can get us faster to our destination, I’m open: ShopClues’ CEO
SANJAY SETHI, co-founder and chief executive at ShopClues, the Gurugram-based online marketplace, says he knows where he wants to take his company. In his words, he is ready to either drive it there himself or hitch a...
Amazon clears FTC hurdle, merger with Whole Foods expected soon
Amazon.com Inc on Wednesday cleared two of the biggest hurdles it needed to close its $13.7 billion acquisition of Whole Foods Market Inc, with approvals from a U.S. regulator and the grocery chain’s shareholders...
SoftBank backs Flipkart with $2.5 billion to take on Amazon
Leading e-commerce company Flipkart has raised around $2.5 billion from SoftBank Vision Fund, the $100-billion tech focused venture fund floated by Masayoshi Son. This makes the SoftBank Group a top investor not just in...
Snapdeal staff may approach PMO to stop FreeCharge sale
The woes of the scrubbed and rebooted online marketplace Snapdeal might not end anytime soon. According to a letter accessed by Business Standard, its present and past employees have said they plan to approach the Prime...
SoftBank Vision Fund in talks to invest $2 billion in Flipkart
SoftBank Vision Fund, the $100-billion fund floated by SoftBank chief Masayoshi Son to invest in technology companies, is in talks with India’s largest e-commerce marketplace, Flipkart, to invest $2 billion. Discussions...
Flipkart-eBay India merger done; sellers can now take products global
Flipkart, India’s largest e-commerce marketplace said it will begin offering the global inventory of eBay to Indian consumers while taking the products of thousands of sellers in the country to eBay’s...
There’s no deal; Snapdeal, Flipkart call off merger talks
After a long-drawn David versus Goliath style contest to retain control over one of the oldest e-commerce companies in the country, Snapdeal co-founders Kunal Bahl and Rohit Bansal have prevailed over their biggest...
