Flipkart

Flipkart Private Limited, d/b/a Flipkart is an Indian e-commerce company based in Bengaluru, India. It was founded by Sachin Bansal and Binny Bansal in 2007. The company initially focused on book sales, before expanding into other product categories such as consumer electronics, fashion, and lifestyle products.

Source: flipkart.com

Walmart Commits to 5-Year $200 Billion Global Sales Goal
Walmart Commits to 5-Year $200 Billion Global Sales Goal
June 04, 2023  |  Walmart

Walmart plans to double its overseas gross merchandise volume to $200 billion in five years. “It is a pretty ambitious target,” said Judith McKenna, Walmart...

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Walmart Gains eCommerce Edge Over Amazon in India
Walmart Gains eCommerce Edge Over Amazon in India
May 21, 2023  |  Walmart

Walmart has won a rare eCommerce victory over Amazon thanks to its Indian business. As the Financial Times (FT) reported Saturday (May 20), Walmart’s $16 billion purchase of majority...

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PhonePe Raises $200 Million From Former Parent Walmart
PhonePe Raises $200 Million From Former Parent Walmart
March 19, 2023  |  Fintech Investments

India’s FinTech platform PhonePe has raised another $200 million, this time with the help of Walmart. The funding, announced Friday (March 17), comes one month...

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India’s PhonePe Valued at $12B After $100M Fundraise
India’s PhonePe Valued at $12B After $100M Fundraise
February 14, 2023  |  Digital Payments

India’s PhonePe is closer to realizing its super app ambitions after raising $100 million. The Walmart-backed payments platform announced the round Tuesday (Feb. 14), which...

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India’s PhonePe Officially Separates From Flipkart
India’s PhonePe Officially Separates From Flipkart
December 23, 2022  |  Retail

India-based eCommerce platform Flipkart has parted ways with the digital payments platform PhonePe. The companies announced the severing of their ownership in a Friday (Dec....

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Walmart-Owned Payments Firm PhonePe Looks to Raise $1B
Walmart-Owned Payments Firm PhonePe Looks to Raise $1B
December 08, 2022  |  Investments

PhonePe reportedly hopes to raise $1 billion as it tries to become a super app. The payments company — owned by the eCommerce firm Flipkart,...

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Walmart’s Flipkart Slows Hiring in Face of Strict Competition
Walmart’s Flipkart Slows Hiring in Face of Strict Competition
November 06, 2022  |  Walmart

Flipkart, the Walmart-owned Indian eCommerce company, is ending its string of acquisitions and slowing its hiring as it deals with tough competition from Amazon and...

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Walmart-backed Flipkart Looks to Raise Up to $3B on $40B+ Valuation
Walmart-backed Flipkart Looks to Raise Up to $3B on $40B+ Valuation
October 25, 2022  |  Walmart

In an attempt to expand its eCommerce reach in India, Walmart is considering raising up to $3 billion for its eCommerce brand Flipkart, currently at...

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Amazon, Flipkart Lobby Against India’s Digital Lending Rules
Amazon, Flipkart Lobby Against India’s Digital Lending Rules
August 26, 2022  |  Regulation

Companies have begun to lobby against India’s new digital lending rules after the regulations interrupted card services and put Amazon loan offerings in peril. Earlier...

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