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WALMART EXIT FLIPKART
Bullish on quick commerce, says Walmart CEO John Furner at Flipkart townhallWalmart CEO John Furner expressed strong confidence in India's quick commerce potential during his visit, highlighting Flipkart's aggressiv...- Inside AI-led digital storefronts; Lalit Keshre’s big ET Awards winHappy Monday! Digital platforms and brands are building their own AI storefronts. This and more in today’s ETtech Morning Dispatch.
- IPO-bound Flipkart elevates Minutes head Kunal Gupta to SVP amid quick commerce pushFlipkart’s quick commerce arm, Minutes, has elevated Kunal Gupta to Senior Vice President (SVP) from Vice President (VP), according to an i...
- Kabeer Biswas’s concierge startup 'M' raises Rs 102 crore from Peak XV, Blume, CredKabeer Biswas, Dunzo cofounder, has launched a new AI concierge startup named M. The company secured Rs 102 crore in funding from Peak XV P...
- Walmart spent $3.5 billion to buy Flipkart shares from Tiger Global, Accel, Binny Bansal, others: FilingTiger Global and Accel Partners held about 5% collectively in the Bengaluru-based etailer. Tiger registered a $3.5-billion in profits on it...
- Morgan Stanley warns Walmart may exit Flipkart post new FDI rulesAs new FDI rules kick in, Walmart may abandon Flipkart if it isn't able to see a long-term path to profitability.
- With Walmart in driver’s seat, Flipkart set to speed up hiringWalmart has confirmed that Flipkart is about to embark on an expansive recruitment drive.
- With Binny Bansal gone, senior Flipkart executives start looking outBengaluru-based The Head Hunters India confirmed at least half a dozen early conversations with Flipkart executives in the past two days.
- Exits of Bansals could dent morale of young entrepreneursBinny Bansal's exit now, six months after the deal, has left several Flipkart’s employees with asense of uncertainty.
- Flipkart CEO Binny Bansal resigned after sexual misconduct claim against himBansal, meanwhile, has strongly denied the allegation, saying he is shocked by the charge.
- Tencent’s consent key to future Flipkart share saleFlipkart investors can sell shares to Alibaba only if Tencent is notified of the transaction in detail at least five business days ahead.
- IT dept to wait till September 7 for Walmart to pay tax on Flipkart dealAs per the provisions of the I-T law, Walmart has to deduct withholding tax on payments made to sellers and deposit it with the Indian auth...
- Walmart is now the largest shareholder of FlipkartMoving forward, Flipkart's financials will be reported as part of Walmart's International business segment.
- Post CCI nod, Flipkart waiting for cash, shares exchange: Binny BansalThe acquisition will see the battle between US giants Walmart and Amazon for the retail market expanding to India.
- Betting on India by Walmart is a big boost for VC industryInvestors who have ploughed billions of dollars in local startups — especially after 2014, but haven’t witnessed many exits — will now want...
- Walmart founder's grandson, two others to join Flipkart boardDoug McMillon made the announcement in a townhall on Thursday, a day after the US retailer announced a $16-billion deal to acquire 77% stak...
- Big kill for Tiger, hauls home $3.3 billionOf Flipkart’s biggest backers, Tiger Global Management will take home $3.3 billion while SoftBank gets $4 billion. There is good news for s...
- Walmart may acquire up to 70% in FlipkartWalmart aims to leverage the existing network of kirana stores by modernising them and using them to connect with customers through Flipkar...
- Walmart may get Google on its side in fight with Amazon for IndiaWalmart and Alphabet are seen joining forces once again as they seek to take on Amazon’s growing retail clout, this time in a market outsid...
- Walmart set to be largest shareholder in FlipkartWalmart is set to become the largest shareholder in Flipkart — India’s biggest ecomm co — pitching it into a direct battle with another US ...
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