Search Results for:Anirban Sen

India: Flipkart acquires speech recognition startup to take on Amazon’s Alexa

The buyout could help Flipkart cross the language barrier faced by most leading consumer internet companies.

Kalaari Capital may recruit general partner for new fund amid exits

Rajesh Raju, MD at Kalaari, may leave for other opportunities but will continue to manage the portfolio from its second and third funds in his capacity as GP. Sumit Jain, another partner, may join Singapore-based Sistema Asia Capital.

Amazon may partner Samara to buy supermarket chain More from Aditya Birla

Samara and Amazon will jointly place their funds in a shell entity, which in turn will buy More from Aditya Birla.

Walmart completes deal to buy Flipkart for $16b

Flipkart’s existing management team led by CEO Kalyan Krishnamurthy will continue to lead the business

Indian e-commerce biggie Flipkart targets $1.7b from Big Billion Day sales

Flipkart typically generates most of its business during Big Billion Days from high-value categories such as smartphones and large appliances.

Flipkart India races ahead of rival Amazon in six monthly sales growth

In the six months to 30 June, gross sales at Flipkart jumped by roughly 50%, while Amazon India’s gross sales increased by 35-40%.

Amazon invests another $386m in India business

The latest capital infusion brings Amazon’s total investment in India to $4 billion in its five years of operations.

Indian competition watchdog CCI questions Flipkart’s discounting practices

On Wednesday, CCI approved Walmart’s $16 billion acquisition of Flipkart but expressed concerns about the latter’s discounting practices.

India: Flipkart Supermart to take on Amazon, BigBasket in grocery space

Flipkart has launched its grocery offering called Flipkart Supermart in Bengaluru and plans to expand it to five to six other major cities by the end of the year.

India’s antitrust regulator approves Flipkart-Walmart deal

The regulator said Flipkart’s discounting practices might need to be dealt with separately, an issue that assumes significance in the wake of the new draft policy that proposes further restrictions on discounting by online marketplaces.