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...
PhonePe partners Flipkart to digitise cash-on-delivery payments
Digital payments platform PhonePe on Monday said it has partnered with Flipkart to enable pay-on-delivery service for the e-commerce major’s orders. PhonePe’s dynamic QR code solution will enable customers...
Shinsegae Group’s E-Mart acquires 80.01% of shares in eBay Korea
Shinsegae Group’s E-Mart officially acquired about 80 per cent of share in eBay Korea, which operates G market and Auction, on the 30th. E-Mart announced that it has signed a stock trading contract to acquire 80...
S.Korea retailer E-Mart buys eBay’s S.Korean business for $3 bln
South Korean retailer Shinsegae Group’s E-Mart Inc said on Thursday it plans to acquire an 80% stake in eBay Inc’s (EBAY.O) South Korean business for 3.4 trillion won ($3 billion). With the deal, traditional...
