Flipkart, the poster boy of Indian e-commerce, hit a new high by raising $1 billion (about Rs 6,000 crore) in the latest funding round, led by existing investors Tiger Global Management and Naspers.
'India has a lot of potential, not just in commercial aspects, but also in hiring of people and sourcing of products.'
Recently, e-tailing major Flipkart released the Digiflip Pro XT 712.
Flipkart aims to double the total value of goods it sells to $8 billion in the next three years.
Flipkart, India's largest e-tailer, raised $210 million in a fresh round of funding from a group of four investors led by internet-focussed investment group DST Global, it said in a statement on Monday.
Following the footsteps of Motorola, Chinese handset maker Xiaomi is also teaming up with e-Commerce major Flipkart to launch its handsets in India.
Readying its game plan, the Bengaluru-based e-commerce giant plans to renew talks of investments in various companies such as Swiggy, BookMyShow, Pepperfry, UrbanClap
The start-up, which has invested $100 million over the past eight years, sells 50 million products.
PE investment so far in 2014 stood higher at $ 8.4 billion as against $ 7.8 billion in 2013, with 38 per cent higher volumes in 2014 as compared to 2013, led by the technology sector.
Such campaigns would badly affect players in the traditional retail market.
Flipkart offers over 30 million products across more than 70 categories
The latest infusion brings the total capital pumped into Amazon's e-commerce business in India to Rs 22,390 crore
Amazon signed up Motorola as an exclusive brand partner for its new devices, which in turn helped it grow
This is the second instance of mainstream banks blocking services to new-age digital payments companies.
IIM-Ahmedabad has written to Flipkart co-founder Binny Bansal on the issue, saying the students felt cheated for no fault of theirs for choosing the company over other brands and will suffer as they have to re-pay their education loans.
Flipkart's maternity programme gives new mothers six months of paid leave as well as flexible working hours for four months with full pay.
The identity of the new investor could not be ascertained.
The incident that happened on December 9 came to light only on December 11 when 28-year-old Nanjundaswamy's body was found at a building housing the gym in Vijayanagar Police station limits.
'There was a time when I went without salary for about six months,' says Amod Malviya, an alumnus of IIT Kharagpur and currently CTO, Flipkart.
In June this year, the Bengaluru-based online marketplace has jumped into the fiercely competitive smart device market in India by launching its calling tablet for Rs 9,999.
After a tentative start, quick commerce (q-commerce) is ablaze, with Blinkit and Zepto slugging it out in a market distinct from other competitors. The latest entrant is Flipkart, which is ramping up its infrastructure in around 12 cities where it will launch the service in the next six to eight weeks, taking on existing players such as Blinkit, Zepto, Instamart, and BigBasket, among others. According to data analysed from Sensor Tower by BofA Global Research, the daily active user (DAU) base of Blinkit has grown by 58 per cent between February 2023 and February 2024.
Where Binny slipped up badly was in gauging the level of transparency and governance that is expected by a global strategic investor, says Indrajit Gupta.
Initially, private buyers will be able to make bulk purchases on Government e-marketplace, it will subsequently be broadened to small-ticket buying as well.
The Bangalore-based company had raised $200 million in July from existing investors.
Food delivery major Swiggy has received approval from its shareholders for a $1.25 billion initial public offering (IPO), according to filings made with the Registrar of Companies sourced by Tofler. The Bengaluru-based firm plans to raise as much as Rs 3,750 crore (around $450 million) via a fresh issue and up to Rs 6,664 crore (around $800 million) through an offer-for-sale (OFS) component, the filings stated.
The Enforcement Directorate has been asked to investigate alleged violation of FDI regulations by e-commerce company Flipkart Online Services and cash & carry chain Bharti Walmart.
The two companies have been negotiating to remain separate entities after a merger.
CCI investigation into predatory pricing likely
The People's Choice Survey is an annual report by CashKaro.com, which identifies key trends in online shopping in India.
Flipkart's co-founders Sachin and Binni Bansal made their debut at 86th position with a net worth of $1.3 billion each.
If the deal goes through, Snapdeal founders will get $60 million (cumulative), of which half will be given to employees.
After e-commerce, Flipkart has jumped into the fiercely competitive smart device market in India by launching its calling tablet for Rs 9,999.
The range will include two Android JellyBean operating system-based handsets and two smartphones based on the latest Android KitKat OS.
'If you allow Walmart to operate in India, our manufacturing will finish completely.' 'What will happen to Narendra D Modi's dream then? There will be no Make in India.'
Most e-commerce firms with 'Singapore holding structures' would opt out of the new Sebi platform
Flipkart on Tuesday launched a next-day delivery service.
Financial details of the deal were not disclosed but a source in the company said the transaction was valued at close to $300 million.
The company did not disclose its new holding pattern.
For someone who is such an indefatigable litigant, what is stopping Mr Saxena from using the law to depose Mr Kejriwal? Maybe we will get the answer after May 25, notes Aditi Phadnis.
'Merchandise plays a key role in creating buzz about a specific party.'
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