Indian e-commerce giant Flipkart has engaged in discussions in recent weeks regarding a potential acquisition of Dunzo, the hyperlocal delivery startup backed by Reliance Retail. However, complexities surrounding...
Walmart buys $1.4 billion Tiger Global stake in Flipkart, report
Walmart has bought stake in one of India’s most popular e-commerce firm, Flipkart. The company has paid $1.4 billion to buy out hedge fund Tiger Global’s investment in e-commerce firm, reported Wall Street...
Drone delivery firm Skye Air ties up with Flipkart Health
Drone delivery firm Skye Air Mobility has partnered with Flipkart Health, a pharma business division of e-commerce platform Flipkart Internet Pvt. Ltd. to deliver medicines by drone, said a statement from the companies...
Tencent buys stake worth $264 million in Flipkart from Binny Bansal
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...
Flipkart sells Cleartrip’s Middle East business to Wego
Wego, the leading online travel marketplace in the MENA (Middle-East and North African) region today announced that it has signed a definitive agreement with the India’s homegrown e-commerce platform Flipkart to...
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...
Flipkart, Walmart invest $145 million in Agritech platform Ninjacart
US-based retailer Walmart Inc and Flipkart Group on Monday announced to invest $145 million in agritech startup Ninjacart. This is the third time Flipkart has invested in fresh produce supply chain company Ninjacart...
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...
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...