Amazon.com Inc. could be forced to sell its valuable logistics services division — the network of warehouses and delivery hubs around the country that power quick delivery of online orders — under antitrust...
Flipkart in talks to raise $3 billion, targets valuation of $40 billion
Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth funds, according to people familiar...
Flipkart to acquire troubled Cleartrip
Flipkart Group is close to buying travel and hotel booking platform Cleartrip in a distress sale, three people aware of the matter said, as the Walmart-owned e-commerce giant strengthens its operations in the...
Flipkart partners with Adani Group to enhance supply, logistics infra
India’s homegrown e-commerce marketplace Flipkart on Monday announced a strategic and commercial partnership with the Adani Group. Flipkart will work with Adani Logistics Limited to strengthen Flipkart’s supply chain...
DotPe raises Rs200 crore from Google, PayU, Info Edge Ventures
Gurugram based e-commerce startup DotPe has secured $27.5 million (about Rs200 crore) in series A funding from existing investors PayU and Info Edge Ventures, and Google which joined as a new investor. With this, the...
Social e-commerce platform CityMall raises $11 Mn in new funding
Social e-commerce and online grocery platform CityMall on Thursday said it has raised $11million as part of its Series A funding round, led by Accel Partners. Existing investors Elevation Capital, Jungle Ventures and...
Flipkart weighs US listing via SPAC merger but IPO much more likely
Flipkart is exploring a US listing via a special purpose acquisition company (SPAC), although a traditional IPO is much more likely, people familiar with the matter said. The talks for a deal with a blank-check firm are...
Amazon has acquired Australia-based Shopify competitor Selz
Amazon.com Inc. has acquired Selz, a Sydney-based e-commerce platform that helps small businesses create their own websites much the way Shopify Inc. does. Selz founder and Chief Executive Officer Martin Rushe announced...
Flipkart-ABFRL deal gets CCI nod
The Competition Commission of India (CCI) on Wednesday approved the ₹1,500-crore Flipkart-Aditya Birla Fashion and Retail Ltd (ABFRL) deal, which will help the Walmart Inc.-owned e-tailer consolidate its position in the...
Luxury fashion platform Mytheresa aims to go public at $1.58 billion valuation
Mytheresa said on Tuesday it aims to raise as much as $282 million in its U.S. initial public offering, valuing the German luxury fashion e-commerce site at $1.58 billion. Mytheresa said it plans to sell about 15.6...
UK’s Hut Group to buy online retailer Dermstore from Target for $350 million
E-commerce company Hut Group said on Tuesday it would buy Dermstore, an online retailer owned by Target Corp, for $350 million in cash as it looks to bolster the presence of its beauty brands in the U.S. market. The...
Alibaba’s $10 billion buyback plan fails to halt stock slide as regulatory concerns mount
Alibaba shares slumped 9% to their lowest since June on Monday, as the firm’s upsized $10 billion buyback programme failed to ease concerns about a regulatory crackdown on co-founder Jack Ma’s e-commerce and financial...
