Flipkart Archives - Page 2 of 5 - Inside Retail Asia
Walmart has outbid Amazon to take a majority stake in India’s largest online retail business, Flipkart.
Retail giant may be about to secure a victory over Amazon.
Amazon India has secured government approval to stock and sell food and groceries.
India’s Flipkart is planning to enter the brick-and-mortar space as a master franchisee for foreign brands.
An Indian e-commerce boom is imminent thanks to burgeoning numbers of internet and smartphone users.
Flipkart has closed a US$1 billion funding round, with plans to raise an equal amount over the next few months.
Kribha Handicrafts, which owns online ethnic marketplace Craftsvilla, has reportedly fired nearly 100 employees.
Amazon India wants to invest US$500 million in a wholly owned venture so it can sell local food items.
Aiming to unseat Flipkart as market leader, Amazon has injected $296 million into its Indian unit.
Wal-Mart Stores is planning to invest $1 billion to take a minority Flipkart ownership stake.
Chinese tech firm LeEco India plans to open 1000 outlets across the subcontinent by the end of this year.
With operating losses nearly halved, Lazada and Zalora parent Global Fashion Group has reported a 36.3 per cent rise in sales.