Flipkart Archives - Page 6 of 6 - Inside Retail Asia

Flipkart, Myntra to merge

Indian retailers Flipkart and Myntra are reportedly in talks to merge. In a move proposed by common investors Accel Partners and Tiger Global, the two are currently in talks to combine operations. The merger would enable Flipkart to widen its product categories and help it achieve its goal of selling $1 billion gross merchandise value by next year. “It’s still undecided. We are talking, and hoping to address the concerns of everyone. The Premji Invest-led consortium is also in final sta…

Flipkart plans acquisition

Indian online retailer Flipkart plans to acquire rivals including Zovi and YepMe. Flipkart raised Rs2200 crore (around US$360 million) last year to fund acquisitions. “2014 will be an important year for us. This will mean looking at private labels and also opening up our marketplace to more and more sellers,” said Sachin Bansal, co-founder of Flipkart. In 2012, Flipkart bought electronics portal Letsbuy. Arvind Singhal, chairman of Technopak, said acquiring an already established bra…

Flipkart gets funds

Indian online retailer Flipkart has raised an additional $160 million, taking its total capital raised since July to $360 million. Investors in the latest funding round include Dragoneer Investment Group, Morgan Stanley Investment Management, Sofina and Vulcan Capital along with one of its existing investors, Tiger Global Management. In July, the online retailer raised $200 million from four investors including Tiger Global and Accel Partners. The funds will be used to boost Flipkart’s …

Flipkart offers e-payment solution

Indian e-commerce company makes online transactions easier for merchants.

eBay steps up India investment

Auction giant eyes Indian e-commerce growth.