Flipkart all set to acquire Online Pharmacy Startup SastaSundar: Report

It seems that India’s home grown e-commerce giant Flipkart is finally making a foray into India’s rapidly growing online pharmacy market. According to a report published in Techcrunch, the Walmart owned e-commerce company has signed a definitive agreement to acquire Kolkata based online Pharmacy startup SastaSundar. According to Tracxn, SastaSundar had raised a funding round…

ByGirish ShettiNovember 19, 20210Comments

News

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

Tech news

Spotify planning to put artists and labels on a driving seat – Top Trending News

Here are the top trending news from the world of technology.....check it out 1 Spotify planning to put artists and labels on a driving seat Image Credits: Pixabay Spotify on Monday said that it is planning to test a new service that will virtually allow artists and labels to influence its algorithm. Of course,…

ByGirish ShettiNovember 3, 20200Comments

News

Flipkart moves Supreme Court against CCI Investigation on Market Abuse

India’s home grown e-commerce major Flipkart has moved to the Supreme Court (SC) against NCLT order directing Competition Commission of India (CCI) to investigate Flipkart’s alleged market abuse, according to the reports. Reports claim that the Walmart owned company had filed the case in SC in March itself but the case got officially registered only…

ByGirish ShettiAugust 27, 20200Comments

News

Flipkart Denies Investment Plans in PharmEasy

India’s home grown e-commerce major Flipkart has said that it is not seeking any investment plans in the Mumbai based online pharmacy startup PharmEasy. The clarification has come after a report in Times of India (TOI) on Tuesday claimed that the Walmart owned company is holding strategic discussions with PharmEasy for exploring partnership and funding…

ByGirish ShettiAugust 18, 20200Comments

News

Flipkart takes another shot at hyperlocal with Flipkart Quick

Flipkart has entered hyperlocal space by announcing the launch of Flipkart Quick on Tuesday. The company will initially launch the Flipkart Quick as a pilot project in selected areas of Bengaluru including Whitefield, Panathur, HSR Layout, BTM Layout, Banashankari, KR Puram and Indiranagar. Later, it will reportedly expand this service to other cities. Logo of Flipkart…

ByGirish ShettiJuly 28, 20200Comments

Funding News

Walmart infuses fresh Capital of $1.2 Bn to increase stake in Flipkart

Walmart has infused fresh $1.2 Bn in its subsidiary firm and India’s homegrown e-commerce giant Flipkart. The fresh capital infusion round has valued Amazon’s India rival at approximately $24.9 Bn. According to reports, clutch of existing investors have also pumped funds in this round but their details have not been disclosed. This is Walmart’s first big…

ByGirish ShettiJuly 14, 20200Comments

News

As Flipkart Plans for hyperlocal, Shadowfax goes for hiring spree

Logistics firm Shadowfax has announced that it will strengthen its technology team by hiring more than 50 technology experts and senior professionals. These hiring will be carried out in the span of next 2 years. This development has come barely a week after media was flushed with reports that Flipkart is planning to start its hyperlocal…

ByGirish ShettiJune 23, 20200Comments

News

Tiger Global to knock High Court over Tax Woes on Flipkart Stake Sale

Private Equity giant Tiger Global is all set to move to court after Authority of Advance Ruling (ARR) rejected its tax relief application over its Rs 14,500 crore stake sale in Flipkart. Economic Times (ET) first reported this news. According to ET, Tiger Global is now seriously mulling to challenge ARR’s decision in the Delhi…

ByGirish ShettiJune 10, 20200Comments

Funding News

Amid Lockdown, Flipkart receives internal funding of $62 Mn

E commerce major Flipkart has received internal fund infusion of $62 Mn from its parent company Flipkart Pvt. Ltd. Following this fresh fund infusion, Flipkart’s internal funding via its parent company has now reached almost $2 Bn. E-commerce major Flipkart has received internal funding of $62 Mn. As part of the same round, PhonePe also received $28…

ByGirish ShettiApril 28, 20200Comments

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