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

News

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

News

Flipkart to rely on Microsoft’s Artificial Intelligence Solution for Future Sales

Flipkart to deploy Microsoft’s Artificial Intelligence Solutions. Bengaluru based e-commerce major Flipkart has said that it will be collaborating with Microsoft to install artificial intelligence and machine learning-based solutions for all the future sales. The collaboration with technical giant will expectedly help Flipkart in overcoming technical glitches that usually occurs during heavy traffic on its website. Flipkart,…

ByGirish ShettiSeptember 26, 20170Comments

News

SoftBank Invests $ 2.5 billion in Flipkart to become one of its Largest Shareholders

Japanese investment conglomerate SoftBank has made undisclosed amount of investment in Flipkart. Sources claim that the investment is close $ 2.5 billion, which would make SoftBank one of the largest shareholders in the Bengaluru based E commerce company. This is also the largest ever investment in an Indian tech startup company till date. Softbank has made…

ByGirish ShettiAugust 10, 20170Comments

News

Snapdeal-Flipkart Deal Collapses as Latter will Pursue an Independent path: Report

Snapdeal-Flipkart Deal has collapsed as the former’s co-founders want to pursue an independent path. The move will come as huge setback for Softbank. Snapdeal has officially called off the acquisition deal with Flipkart, according to an official statement released by the Gurgaon based e commerce company on Monday. The statement specifically stated that Snapdeal will now…

ByGirish ShettiJuly 31, 20170Comments

News

Snapdeal – Flipkart deal hits a Speed-breaker: Report

In an interesting turn of events, the much hyped-up Snapdeal - Flipkart deal may most likely be called off as former’s co-founders and shareholders continue to disagree on terms and conditions of the sale proceedings. The report comes barely four days after Snapdeal’s management agreed to sell its e-commerce business to its Bengaluru based arch…

ByGirish ShettiJuly 31, 20170Comments

News

Snapdeal’s Founders Prefer Infibeam and not Flipkart for Stake Sale: Report

Snapdeal's founders prefer infibeam for selling company's stake. Sale out to infibeam will appreantly help both founder's to keep their stake intact in the company. Flipkart’s planned takeover of Snapdeal has hit a roadblock as latter’s co-founders are reportedly mulling over selling the stake to infibeam. Kunal Bahl and Rohit Bansal’s decision to go along…

ByGirish ShettiJuly 24, 20170Comments

News

Flipkart Marginally Increases Snapdeal’s Bidding Offer to $850 to $900: Report

E commerce major Flipkart has made a renewed and probably a last ditch effort to acquire Snapdeal by increasing its bidding offer, according to two sources close to the development. The exact offer made by Flipkart is still not known, but several media reports are quoting the latest offer to be between $850 to $900…

ByGirish ShettiJuly 18, 20170Comments

Best Choice for Creatives