Chinese technology conglomerate Tencent has bought stake worth USD 264 million (about Rs 2,060 crore) in Flipkart from its co-founder Binny Bansal through its European subsidiary, according to official documents...
Flipkart plans to restructure refurbished biz ahead of IPO
Walmart Inc.-owned Flipkart plans to restructure its refurbished products business ahead of a planned US listing in 2023, said two people aware of the matter. The company is exploring partnerships with refurbished...
Flipkart acquires D2C SaaS platform ANS Commerce
Walmart-owned e-tailer Flipkart has acquired direct-to-consumer (D2C) Software-as-a-service (SaaS) platform ANS Commerce for an undisclosed sum. The deal is expected to close in the second half of 2022, subject to...
Indiamart acquires 26% stake in Realbooks for ₹13.75 crore
B2B e-commerce company Indiamart has acquired 26.01% stake in cloud-based account software firm Adansa Solutions for ₹13.75 crore, the firm announced the acquisition on Monday. As part of the transaction...
Flipkart group acquires electronics recommerce platform Yaantra for $40 million
Flipkart group said it has bought out Yaantra, an electronics refurbishment platform, to strengthen its recommerce business and improve after-sale offerings for its customers in the smartphones segment. The acquisition...
IndiaMART acquires 26% stake in EasyEcom, invests ₹13 cr
B2B e-online marketplace IndiaMART on Thursday said it has invested about ₹133.5 million via its wholly-owned subsidiary Tradezeal Online Pvt Ltd to acquire a 26.01 per cent stake in EasyEcom. IndiaMART has agreed to...
Flipkart enters crowded healthtech sector with SastaSundar acquisition
The Flipkart Group has agreed to acquire a majority stake in online pharmacy Sastasundar Marketplace to launch its own healthcare business amid a pandemic-triggered consolidation in India’s healthtech industry. Flipkart...
Brazil’s Banco Pan buys tech company Mosaico
Brazilian lender Banco Pan has reached an agreement to acquire e-commerce technology company Mosaico in an all-share transaction, the bank said on Sunday. Mosaico’s shareholders will receive 0.8 share of Banco Pan plus...
SC scraps Amazon, Flipkart petitions on antitrust probe
The Supreme Court on Monday refused to stay an antitrust probe against e-commerce giants Amazon India and Flipkart, observing that the firms must submit themselves to an inquiry by the Competition Commission of India...
HC refuses to halt CCI probe against Amazon, Flipkart
The Karnataka High Court (HC) on Friday quashed Amazon India and Flipkart’s appeal against the investigation by antitrust Competition Commission of India (CCI), regarding alleged violations of the competition law. This...
EBay sells $2.25 billion Adevinta stake to secure classified ads tie-up
EBay Inc has agreed to sell part of its stake in Norway’s Adevinta to private equity firm Permira for $2.25 billion in cash, clearing the way for a tie-up between eBay and Adevinta’s classified ads businesses. The deal...
Flipkart raises $3.6 billion at $37.6 billion valuation
Flipkart raised $3.6 billion as part of a new funding round led by parent Walmart Inc. and returning investor SoftBank Group Corp., valuing the IPO-bound online retailer at $37.6 billion. Several marquee investors...
