Flipkart strikes Strategic & commercial partnership with Adani Group

India’s home grown e-commerce giant Flipkart announced on Monday that it has entered into a strategic and commercial partnership with Adani Group. This newly formed partnership will help the Walmart owned company in improving its supply chain infrastructure and thereby enhancing its capabilities to serve its rapidly growing customer base. As part of this strategic &…

ByGirish ShettiApril 12, 20210Comments

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Flipkart claims not Flouting FDI Rules; Open for Audit

Flipkart’s CEO Kalyan Krishnamurthy has strongly asserted that it is fully complying with India’s newly announced FDI rules and is open for an audit to steer away any doubts on this front. The Walmart owned company came under cloud of suspicion for flouting FDI rules following last month’s meeting between the Commerce & Industry minister…

ByGirish ShettiJuly 3, 20190Comments

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Binny Bansal Pares Down Flipkart Stake, Sells $76 million Worth shares

Binny Bansal, co-founder of India’s e-commerce behemoth Flipkart, has sold Flipkart shares worth $76 million (Rs 531 crore) to Walmart’s Luxembourg based subsidiary arm, according to business intelligence platform Paper.vc. This has brought Bansal’s stake in the Walmart owned company from 3.85% to 3.52%. Binny Bansal sells $76 million worth Flipkart shares to Walmart arm Bansal had…

ByGirish ShettiJune 24, 20190Comments

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Flipkart is Once Again Fueling Its Fintech Ambition: Report

Last year Flipkart’s plan to enter into fintech space got stuck into a major limbo, after Supreme Court barred private fintech companies from using Aadhaar based eKYC services. However, Walmart owned company is now once again re-fueling its fintech ambition with a small pilot project. The buzz is that the company is working on creating…

ByGirish ShettiApril 8, 20190Comments

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Post Binny Bansal Saga, Flipkart Awaits for Another big Shake-up

Barely 48 hours after Binny Bansal’s shocking resignation, Flipkart is probably waiting for another big shake-up. According to Economic Times, India’s largest online retailer may witness exodus of nearly 20 senior executives. However, this exodus has mostly nothing to do with Binny Bansal’s resignation. The buzz is that this exodus is mostly the result of the…

ByGirish ShettiNovember 16, 20180Comments

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Small Sellers demand CCI to keep Flipkart’s large Sellers at bay on Big Billion Day

A group of small online sellers have knocked on the doors of India’s competition watchdog to restrict large sellers from getting preferential treatment in Flipkart’s annual Big Billion Day (BBD) festival. The group, which is been represented by All India Online Vendors Association (AIOVA), has lodged its compliant in a written letter to the Competition…

ByGirish ShettiSeptember 14, 20180Comments

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Walmart inching closer to buy Controlling Stake in Flipkart: Sources

Walmart may buy controlling stake in Flipkart: Sources In what could cause a huge shakeup in India’s e-commerce sector, U.S. retail giant Walmart has reportedly completed all the due diligence to pick up controlling stake in Flipkart. Sources close to the matter claim that Walmart has already floated a shareholder agreement to pick up 51% stake…

ByGirish ShettiApril 7, 20180Comments

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Armed with Funds, Flipkart Plans for big Acquisition drive

flipkart planning for big Acquisition drive. India’s homegrown e-commerce giant Flipkart is reportedly planning for a fresh acquisition drive. However, this acquisition drive may be different from the earlier ones, since this time the e-commerce giant is not eyeing stakes merely in upcoming and promising startups. Rather it has diverted focus on big and well known…

ByGirish ShettiOctober 23, 20170Comments

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Flipkart Commit $500 Million Capital Infusion in Payments Arm PhonePe

Flipkart to Invest in PhonePe. Bengaluru based e commerce giant Flipkart on Thursday announced that it will invest $500 million in its payment arm PhonePe. The commitment for latest capital infusion is in addition to $75 million that Flipkart has already invested in the subsidiary company. The e commerce juggernaut said that the latest investment would be…

ByGirish ShettiOctober 13, 20170Comments

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