Flipkart news and archive

Amazon, Flipkart’s private labels to face challenges with new e-com guidelines

The private label businesses of Amazon and Walmart-owned Flipkart may come under regulatory lens, following fresh guidelines issued to e-commerce companies. The government's directive prohibits entities with equity participation in e-commerce marketplaces from selling products on its platform. The norms highlight how other sellers, who aren't...

Report

India’s Myntra acquires omnichannel marketplace Pretr Online Services

Flipkart-owned fashion retailer Myntra has acquired omnichannel fashion marketplace Pretr Online Services Pvt. Ltd for an undisclosed amount. Myntra’s CEO Ananth Narayanan confirmed the deal in an interview with local media. “The one big investment that we’ve done, and which is paying off well is omnichannel. We just bought Pretr, which we are...

Business

Walmart might announce Flipkart deal by end of week

As the race between Amazon and Walmart has gone on to see who will buy Flipkart, Business of Fashion has reported that Walmart could be coming out on top by the end of this week. If this deal is finalized, it would be the biggest acquisition Walmart has ever made. Walmart and Google's parent company Alphabet Inc will reportedly buy up to 75...

Business

Amazon puts in bid for Flipkart

It's now a race between Amazon and Walmart to see who will get to claim the coveted prize of Flipkart. As FashionUnited reported last month, Walmart seemed to be on its way to closing a deal to take a majority stake in Flipkart. Walmart seemed better poised to buy Flipkart because the transaction would've been speedier. However, Amazon couldn't...

Business

Walmart closes in on Flipkart deal

Walmart has edged closer to a 1.5 million dollar deal with Flipkart, India's leading e-commerce company, for 12 billion dollars. Business of Fashion has reported that the deal could be finalized within two weeks. Flipkart's major investors are all on board to sell to Walmart after debate over whether they should sell to the latter or Amazon Inc....

Management|ANALYSIS

SoftBank pushes Flipkart to focus on gaining market share; IPO definitely shelved

SoftBank Vision Fund, a Japanese reference investor in Flipkart, is pushing the Indian leading e-commerce group to make sales growth and market expansion its top priority. Sources close to the matter quoted by ‘Livemint’ indicated over the weekend that the already-delayed public offering is no longer on the agenda for the next three years at...

BusinessFeatured

Nexus approves Snapdeal sale to Flipkart

India's battle of online retailers has just gotten more interesting with Snapdeal co-investor Nexus Venture Partners (NVP) agreeing to sell the e-commerce portal to Flipkart; this week itself could see the signing of a term sheet. Japan-based Softbank, with a share of 30 percent the largest shareholder in Snapdeal, had already secured permission...

Fashion

Amazon & Flipkart battle for e-commerce's 'last frontier' in India

With 100 million new internet users every year, Amazon is betting big on India, but a major new investment in homegrown rival Flipkart means the battle to dominate the fast-growing e-commerce market is set to heat up. Flipkart announced this week that top international companies including Microsoft, eBay and China's Tencent had pledged...

Business

Flipkart raises 1.4 billion dollars

The speculation that India's e-commerce giant Flipkart is looking at a potential takeover of smaller competitor Snapdeal is stronger than ever amidst the news that the former has raised 1.4 billion dollars from eBay Inc.,Tencent Holdings Ltd. and Microsoft Corp. in their biggest round of funding ever. As of the latest funding round, Flipkart now...

Management

Indian e-commerce shake-up: Flipkart buys Jabong from Global Fashion Group

After months of fierce completion amongst big players of e-commerce in India, Flipkart-owned Myntra has confirmed the acquisition of Jabong from Global Fashion Group (GBG), backed by Rocket Internet, for an undisclosed amount. Market insiders have coined this deal to be one to mark further consolidation in India's booming e-commerce industry. No...