SoftBank to Invest $1 Bn in Indian Startups
SoftBank is set to invest close to $1.2 billion in Indian startups in the first quarter of the current financial year, two sources aware of...
Tag : Walmart
Flipkart to Acquire Cleartrip for $40 Million
Flipkart is in talks to acquire Cleartrip, one of the oldest travel booking portals in India, two people in the know said, as the Walmart-owned...
Flipkart Aims for IPO in Fourth Quarter of 2021
Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is making progress toward an initial public offering (IPO) as soon as the fourth quarter of...
MobiKwik Targets IPO by September
MobiKwik System Pvt, the Indian digital wallet and payments startup, is targeting an initial public offering before September that could raise between $200 million and...
India’s Move to Deter Digital Monopolies to Hit Amazon, Walmart
India’s draft e-commerce rules to prevent the creation of “digital monopolies” and aid local startups may raise costs and stymie expansion plans at companies such...
Flipkart to Cover Vaccination Cost of Employees and Their Families
Walmart-backed Flipkart joins the league of conglomerates like Reliance Industries and IT firms such as Mindtree to cover COVID-19 vaccination costs of its employees and...
Blackstone Acquires Prestige’s Office, Retail Assets for $1.5 Billion
American investment management company Blackstone has acquired the commercial portfolio of realty developer Prestige Group including offices, retail malls and hotel assets for $1.5 billion....
Flipkart in Talks to Acquire Cleartrip
Ecommerce company Flipkart is in discussions to purchase a controlling stake in online travel aggregator Cleartrip and bolster its presence in an intensely competitive segment,...
Flipkart to Focus on Subscription Programme, Says CEO
Flipkart will expand its subscription programme Flipkart Plus, strengthen its value proposition in the grocery segment and invest in technology and infrastructure in 2021, Chief Executive...
Amazon Ratchets up Anti-Union Pressure on Workers in Alabama
Amazon Inc. has unleashed a public-relations campaign at its warehouse in Bessemer, Alabama, hoping to persuade more than 5,800 workers to reject the Retail, Wholesale, and...