Online shopping platforms such as Flipkart, Swiggy, Blinkit, and Zepto are witnessing blockbuster Holi festival sales. “Swiggy has been buzzing with orders for gujiya and thandai since Friday. With a mouthwatering selection of 192 gujiya and 242 thandai varieties across India,” said Rohit Kapoor, chief executive officer, food marketplace, Swiggy, on X (Twitter).… Continue reading Flipkart, Swiggy, Blinkit, Zepto witness blockbuster Holi festival sales | News
Tag: Flipkart
Exit from Flipkart brings windfall for Tiger Global, Binny Bansal & Accel
Walmart, the world’s largest retailer, has paid $1.4 billion to buy out US-based Tiger Global’s investment in e-commerce firm Flipkart, according to sources. The transaction puts Flipkart’s valuation at $35 billion, against nearly $38 billion in 2021 when it raised funds from Japan’s SoftBank, Walmart, and other investors. Tiger Global, Flipkart co-founder Binny… Continue reading Exit from Flipkart brings windfall for Tiger Global, Binny Bansal & Accel
Top News headlines, July 31: Walmart buys more stake in Flipkart, no-confidence motion
Walmart buys Tiger Global’s stake in e-com giant Flipkart for $1.4 billion Walmart Inc. paid $1.4 billion to buy Tiger Global Management’s remaining stake in Flipkart, boosting its bet on the Indian retailer and helping the money manager provide distributions to investors at a time when accessing liquidity is tough. The transaction, which took… Continue reading Top News headlines, July 31: Walmart buys more stake in Flipkart, no-confidence motion
Walmart buys Tiger Global’s stake in e-com giant Flipkart for $1.4 billion
By Hema Parmar Walmart Inc. paid $1.4 billion to buy Tiger Global Management’s remaining stake in Flipkart, boosting its bet on the Indian retailer and helping the money manager provide distributions to investors at a time when accessing liquidity is tough. The transaction, which took place in recent days, valued… Continue reading Walmart buys Tiger Global’s stake in e-com giant Flipkart for $1.4 billion
Walmart buys out $1.4 billion hedge fund Tiger Global’s stake in Flipkart
Walmart has paid $1.4 billion to buy out hedge fund Tiger Global’s investment in e-commerce firm Flipkart, the Wall Street Journal reported on Sunday, citing a letter by the hedge-fund to its investors. The transaction brings the value of the e-commerce firm to $35 billion from nearly $38 billion after it sold its… Continue reading Walmart buys out $1.4 billion hedge fund Tiger Global’s stake in Flipkart