Consumer electronics brand BPL, which was the TV brand of choice for millions of urban Indian households in the 1990s, has scrapped its three-year partnership with online marketplace Flipkart and has instead inked a...
Snapdeal board to meet today to discuss likely sale to Flipkart
The board of online marketplace Snapdeal is expected to meet on Tuesday to discuss a potential sale to larger rival Flipkart and will attempt to get investor Nexus Venture Partners on board for the deal. The approval of...
Myntra acquires Bengaluru-based logistic solutions platform ‘InLogg’
Flipkart-owned online fashion retailer Myntra on Wednesday announced that it has acquired InLogg, a city-based technology platform that provides end-to-end logistic solutions to the e-commerce sector, with an aim to...
SoftBank may just invest $1 billion in Paytm for Snapdeal merger
Masayoshi Son-led SoftBank, the largest investor in Snapdeal, is keeping its options open. While the Japanese major has been spearheading the talks for a possible merger of Snapdeal with Bengaluru-based Flipkart...
Wal-Mart seeks online fashion presence through acquisitions
Wal-Mart Stores Inc’s bid for clothing retailer Bonobos, which surfaced last week, is the latest step in the company’s attempt to recover lost ground against Amazon.com Inc and others in the rapidly growing...
Snapdeal acquisition to benefit Tiger Global more than Flipkart
A $1 billion buyout of struggling online marketplace Snapdeal by Flipkart may yield more immediate benefits to Tiger Global Management, Flipkart’s largest investor, than to the buyer or to Indian consumers. The buyout...
Flipkart raises $1.4 billion from eBay, Microsoft, Tencent, acquires eBay India
India’s largest online retailer Flipkart has closed a mammoth funding round of $1.4 billion from Tencent Holdings Ltd, eBay Inc. and Microsoft Corp., in the biggest-ever start-up funding round that both boosts Flipkart...
Why Flipkart’s valuation wasn’t hurt by multiple markdowns
Since the start of 2016, Flipkart’s value has been marked down by five of its own investors, mostly mutual funds based in the US. These funds include those run by Morgan Stanley, Fidelity, and Valic and have valued the...
eBay seeks to recover lost ground through Flipkart deal
Relevance is what US e-commerce major eBay will gain from giving its India business to online marketplace Flipkart. Being here for more than a decade and losing the first-mover advantage long back to other e-commerce...
Amazon acquires right to buy stake in fuel cell maker Plug Power
Hydrogen fuel cell maker Plug Power Inc (PLUG.O) said on Wednesday Amazon.com Inc (AMZN.O) had acquired the right to buy up to 23 percent of the company and that it would supply batteries to power forklifts used by the...
Jeff Bezos is selling $1 billion of Amazon stock a year to fund rocket venture
Amazon.com founder Jeff Bezos said on Wednesday he is selling about $1 billion worth of the internet retailer’s stock annually to fund his Blue Origin rocket company, which aims to launch paying passengers on 11-minute...
Flipkart set to raise up to $1.5 billion amid talks to buy Snapdeal
India’s largest online retailer Flipkart is set to get between $1.2 billion and $1.5 billion in fresh capital from Tencent Holdings Ltd, Microsoft Corp. and eBay Inc.—funding that will provide its ammunition in the high...
