Flipkart, PhonePe IPO May Take Couple of Years, Says Walmart Executive
Initial public offerings of Walmart's Flipkart marketplace and PhonePe digital payments platform could take a couple of years, a Walmart… Read More
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Google to Invest $350 Million in Flipkart, Valuing Firm at $37 Billion
Alphabet's Google will pick up a minority stake worth $350 million in Walmart-backed Flipkart, valuing the Indian e-commerce firm at… Read More
Flipkart in Talks to Buy Reliance-Backed Dunzo: Report
Walmart-backed Indian e-commerce firm Flipkart has held discussions over potentially acquiring the on-demand delivery platform Dunzo, TechCrunch reported on Tuesday,… Read More
PhonePe Raises $350 Million, Becomes India’s Most Valuable Payments Firm
Walmart-backed PhonePe said on Thursday it raised $350 million (roughly Rs. 2800 crore) from private equity firm General Atlantic at… Read More
PhonePe Announces Shift of Domicile From Singapore to India
Fintech player PhonePe, a part of the Walmart-controlled Flipkart group, on Monday said it has completed the process of moving… Read More
Walmart Launches Two Virtual Online Game Worlds in Roblox
Walmart, the multinational retail giant, has launched two new experiences on the metaverse platform Roblox that targets a younger audience.… Read More
ONDC to Be Open to Public Soon to Counter Amazon’s Dominance: ONDC Exec
The Open Network for Digital Commerce (ONDC) — India's e-commerce network to end the dominance of US companies Amazon and… Read More
Best Buy Trims Jobs After It Cuts Sales and Profit Forecast
Best Buy, the nation's largest consumer electronics chain, is trimming jobs in an effort to adjust to new changes in… Read More
Walmart’s PhonePe Planning to Move Its Headquarters From Singapore to India
Walmart group digital payments firm PhonePe is planning to shift its headquarters from Singapore to India, according to a source… Read More
Amazon’s Filing Discloses 13,000 Disciplinary Notices Issued at US Warehouse
Amazon worker Gerald Bryson had hand-counted thousands of items in his warehouse's inventory over three days when his manager showed… Read More