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Walmart invests $600 Million in Flipkart as e-commerce giant gears up for $1 Billion funding round
Flipkart, a prominent e-commerce platform supported by Walmart, is reportedly in the process of raising a new funding round of $1 billion, with a...
Walmart-backed PhonePe’s move to invest in Dunzo stumbles amid investor apprehension
Walmart-backed PhonePe recently made an offer to cash-strapped Dunzo to invest a significant amount in its merchant network business, at a time the latter...
Massive growth in e-retail market to challenge dominance of major FMCG corporations in India
The internet has brought about a democratization of social spaces, providing ordinary individuals with the tools to express themselves. In a similar vein, the...
India’s e-retail market set for remarkable growth, projected to cross USD 160 Billion by 2028
E-retail in India is poised for remarkable growth, as indicated by a recent report from Bain & Company in collaboration with Flipkart. The forecast...
Flipkart opens first ever grocery fulfillment center in Bhubaneswar, promising 24 hour delivery
Flipkart, owned by Walmart, has launched its first grocery fulfillment center in Bhubaneswar, Odisha, as part of an initiative to expand its grocery services.The...
Toys ‘R’ Us bets big on Indian market, eyes top five position within 4-5 years
Toys 'R' Us, having recently commenced operations in India, anticipates that the Indian market will rank among its top five within the next four...
Walmart ramps up exports from India to reduce dependence on China
Walmart, the worldwide retail powerhouse with ownership of Flipkart and PhonePe, is increasing its export of goods from India. This strategic move aims to...
Woovly raises undisclosed funding, plans to expand into new lifestyle verticals for deeper market penetration
Woovly, the social commerce platform, has successfully secured an undisclosed funding sum from notable investors including Sony Innovation Fund, SOSV, RTAF, and ViNners.The Bengaluru-based...
Brand Studio Lifestyle rides high on Gen Z fashion wave, achieving 132% YoY growth
On Monday, Brand Studio Lifestyle (BLS), a fast fashion brand, announced a remarkable achievement, revealing that the company experienced a staggering 132% year-over-year growth...
E-commerce giants seek FDI for inventory-based export platforms
According to reports, key players in the industry have advocated for the central authorities to allow foreign direct investment (FDI) in inventory-based e-commerce platforms...
Walmart’s Q3 performance takes a hit as Flipkart’s Big Billion Day sale shifts to Q4
Walmart's India operations experienced a subdued third quarter, with festivities dampened by the delayed onset of the festive season.In its Q3 financial results unveiled...
E-commerce skyrockets in India’s festive season: GMV hits $10-11 Billion landmark
The festive season sale sparked a much-needed surge in online shopping following a subdued start to the year in the first half. E-commerce companies...