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PhonePe raises $700 million, becomes a separate entity

PhonePe raises 0 million, becomes a separate entity PhonePe, the crown jewel in Flipkart’s acquisition by Walmart, is “partially” spinning off, the Bangalore-based financial services firm said on Thursday. To kick off its new journey, the firm said it has secured $700 million in a new financing round. This round, the name […]

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Walmart+ takes on Prime by dropping $35 minimum on Walmart.com purchases

Walmart+ takes on Prime by dropping minimum on Walmart.com purchases Walmart+, the retailer’s lower cost alternative to Amazon Prime offering same-day delivery of groceries and other items, is making its service more appealing with today’s launch of a new perk. The company says that starting on Friday, December 4, it will remove […]

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Walmart is buying JoyRun assets to add ‘peer-to-peer’ product delivery

Walmart is buying JoyRun assets to add ‘peer-to-peer’ product delivery The last time we wrote about JoyRun, it was raising $10 million. Today, the Bay Area startup has some very different news to share, as it becomes part of Walmart as Walmart has purchased select assets in a bid to enhance its […]

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KKR, Rakuten to acquire most of Walmart’s stake in Japanese supermarket chain Seiyu

KKR, Rakuten to acquire most of Walmart’s stake in Japanese supermarket chain Seiyu Walmart announced today it will sell most of its shares in Seiyu, the Japanese supermarket chain it acquired 12 years ago, to KKR and Rakuten. The deal values Seiyu at about $1.6 billion and means Walmart will almost completely […]

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Reliance Retail buys Urban Ladder for $24.4 million

Reliance Retail buys Urban Ladder for .4 million Reliance Retail has acquired a majority stake in furniture and decor platform Urban Ladder, making a broader push into e-commerce as the largest retail chain in India gears up to fight Amazon and Flipkart. In a filing to the local stock exchange, Reliance Retail […]

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ByteDance asks federal appeals court to vacate U.S. order forcing it to sell TikTok

ByteDance asks federal appeals court to vacate U.S. order forcing it to sell TikTok In a new filing, TikTok’s parent company ByteDance asked the federal appeals court to vacate the United States government order forcing it to sell the app’s American operations. President Donald Trump issued an order in August requiring ByteDance […]

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Walmart reportedly ends contract with inventory robotics startup Bossa Nova

Walmart reportedly ends contract with inventory robotics startup Bossa Nova Robotics and automation startups have seen a strong uptick in interest over the course of the pandemic. And it’s easy to see which companies have a newfound interest in automating their workforce amid a seemingly endless virus-driven shutdown. But Walmart, which has […]

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Walmart’s PhonePe zips past Google Pay in India as UPI tops 2B monthly transactions

Walmart’s PhonePe zips past Google Pay in India as UPI tops 2B monthly transactions UPI, a four-year-old payments infrastructure built by India’s largest banks, surpassed 2 billion transactions last month, exactly a year after hitting the 1 billion monthly transactions milestone. Driving the transactions for UPI — which has become the most […]

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Reliance says its $3.4 billion deal with Future Group ‘fully enforceable under Indian law’ despite Amazon winning an arbitration order

Reliance says its .4 billion deal with Future Group ‘fully enforceable under Indian law’ despite Amazon winning an arbitration order Reliance Retail, India’s largest retail chain, said on Sunday evening that its proposed deal to acquire Future Group’s assets for $3.4 billion — against which Amazon has filed a legal proceeding — […]

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Amazon adds support for Kannada, Malayalam, Tamil and Telugu in local Indian languages push ahead of Diwali

Amazon adds support for Kannada, Malayalam, Tamil and Telugu in local Indian languages push ahead of Diwali More than seven years after Amazon began its e-commerce operations in India, and two years after its shopping service added support for Hindi, the most popular language in the country, the American giant is embracing […]

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