Flipkart Archives - Page 3 of 6 - Inside Retail Asia
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.
India’s online fashion market is expected to grow 63.45 per cent by 2020, says a Research and Markets report.
Indian online fashion company Myntra has two new international brands, Toms and Meters/Bonwe.
A year ago, Jabong’s founders turned down $700 million plus from Amazon; this week they sold for $70 million to Flipkart’s Myntra.
Aditya Birla Fashion and Retail (ABFRL) will acquire Forever 21 India from franchise partner Diana Retail.
Adidas Group India is planning to launch a shopping app, primarily to drive customer engagement.
Amazon Indonesia may soon be a reality, with the US eCommerce giant planning to invest $600 million in its first year in the market.
Chinese internet and ecosystem conglomerate LeEco India has ventured into the offline retail space on the sub-continent.