walmart

The following are the highlights of the Indian e-commerce giant Flipkart, in which US-based Walmart has bought 77 percent stake for US $16 billion: - Sachin Bansal and Binny Bansal (not related) set up Flipkart in 2007 in Bengaluru. The...

Japan’s SoftBank Group Corp has not yet decided to sell its 20-22 percent stake in Flipkart to US retailer Walmart Inc, sources with direct knowledge of the development told PTI. According to a PTI report: SoftBank’s Masayoshi Son will take...

Flipkart co-founder Sachin Bansal, who is exiting the Bengaluru-based company post the Walmart deal, plans to catch up on gaming and brush up his coding skills as he takes time off to finish few pending personal projects. According to a...

They were considered the Jai-Veeru of Indian startup panorama, and when one decided to finally exit the company they founded 11 years ago it was really a sad moment for the other. According to a PTI report: Sachin Bansal's decision...

Within hours of adding Flipkart to its shopping cart at a US $16 billion price tag, Walmart CEO Doug McMillon told the e-retailer's employees that the deal was among the best decisions and emphasised that India was the best...

A day after announcing US $16 billion investment in India's largest online retailer Flipkart, Walmart Inc said it will continue to grow its wholesale cash-and-carry business, adding 50 new stores in the next four-five years. "We currently have 21 stores...

When IIT Delhi engineers Sachin Bansal and Binny Bansal started Flipkart in 2007 with Rs 4 lakh, going door-to-door to deliver books, they had no intention to sell their company irrespective of the valuation. According to a PTI report: Sachin...

RSS affiliate Swadeshi Jagran Manch has alleged that US retail giant Walmart was 'circumventing' rules for a 'back-door entry' into India with its US $16 billion majority stake acquisition of Flipkart and sought Prime Minister Narendra Modi’s intervention to...

US-based eBay today said it plans to sell its stake in Flipkart for about US $1.1 billion, and will relaunch eBay India focusing initially on cross border trade opportunity. The statement by eBay came after Walmart Inc announced that it...

Walmart has picked up 77 percent stake in Bengaluru-based e-commerce major for a whopping US $16 billion. “Walmart will pay approximately US $16 billion for an initial stake of approximately 77 percent in Flipkart, formally Flipkart Private Limited. The remainder...