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Walmart’s Flipkart confirms it is entering the food retail business in India

Walmart’s Flipkart confirms it is entering the food retail business in India India’s Flipkart is entering the food retail business as the e-commerce giant looks to expand its reach in the nation, its chief executive said on Tuesday. Flipkart, which sold majority stake in the company to Walmart for $16 billion last […]

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India’s Ola spins out a dedicated EV business — and it just raised $56M from investors

India’s Ola spins out a dedicated EV business — and it just raised M from investors Ola, Uber’s key rival in India, is doubling down on electric vehicles after it span out a dedicated business, which has pulled in $56 million in early funding. The unit is named Ola Electric Mobility and […]

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Flipkart co-founder Sachin Bansal invests $92M in Ola

Flipkart co-founder Sachin Bansal invests M in Ola The money is starting to flow from India’s largest startup exit. Ola has added a major name to its ongoing financing round after it confirmed that Flipkart co-founder Sachin Bansal has invested 650 crore INR (around $92 million) into the Indian ride-hailing business. The deal rumored […]

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Ousted Flipkart founder Binny Bansal aims to help 10,000 Indian founders with new venture

Ousted Flipkart founder Binny Bansal aims to help 10,000 Indian founders with new venture Flipkart co-founder Binny Bansal’s next act is aimed at helping the next generation of startup founders in India. Bansal has already etched his name into India’s startup history after U.S. retail giant Walmart paid $16 billion to take […]

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Flipkart CEO Binny Bansal resigns over allegations of ‘serious personal misconduct’

Flipkart CEO Binny Bansal resigns over allegations of ‘serious personal misconduct’ Flipkart, the India-based e-commerce firm owned by Walmart, has lost CEO Binny Bansal after he resigned from the company following an investigation into “serious personal misconduct.” Bansal founded Flipkart in 2007 with Sachin Bansal (no relation) and he had served as […]

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What I learned from Flipkart

What I learned from Flipkart Oliver Rippel Contributor Share on Twitter Oliver Rippel is the chief executive officer of Naspers’ global business to consumer subsidiaries and investments. Two weeks ago, Walmart concluded its investments to acquire a majority stake in Flipkart. This is one of the largest transactions in e-commerce and in the internet […]

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Walmart completes its $16 billion acquisition of Flipkart

Walmart completes its billion acquisition of Flipkart Walmart announced over the weekend that it has completed a $16 billion investment in Flipkart that sees it become the majority owner of the Indian e-commerce company. The deal was first revealed back in May and now it has closed after receiving the necessary approvals. […]

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