Flipkart news and archive

India´s regulator approves Flipkart's minority stake acquisition in ABFRL

The Competition Commission of India (CCI) approved on Wednesday Flipkart’s acquisition of a minority stake in Aditya Birla Fashion and Retail Ltd (ABFRL). India´s e-commerce giant Flipkart proposed to acquire 7.8 percent stake in ABFRL through its wholly-owned subsidiary Flipkart Investments Private Ltd (FIPL). Conversely, in October last year,...

Retail

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...

BusinessMember

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...

BusinessMember

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...

BusinessMember

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|ANALYSIS FeaturedMember

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...

BusinessFeaturedMember

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...

Retail

EDITED aids FlipKart and Yepme fuel India's E-commerce boom

Retail analytic software firm EDITED claims its is one of the companies pulling the strings behind the scenes fuelling India's e-commerce boom. With the demand for online marketplaces such as Flipkart, Myntra and Yepme predicted to reach a record-breaking all time high during this years holiday season, data from EDITED has helped these...

Design

Flipkart secures 1 billion dollars in fresh funding

Flipkart, India's largest e-commerce group, announced Tuesday that it has secured 1 billion dollars in fresh funding from a group of investors, taking its value to almost 7 billion dollars. According to market sources, Flipkart would have raised over 1.7 billion dollars from investors, including the current transaction. As reported by local...