Search Results for:Anirban Sen
Walmart also predicted that its US e-commerce growth next year will be slower than the current financial year.
The firm will look to enter new areas and sectors such as citizen-focused legal services, property rights and public platforms.
In the proposed funding round, Sachin Bansal may also invest more capital and raise his 3.5% stake in the medical artificial intelligence start-up.
This is Flipkart’s second acquisition in as many months, after the Walmart-controlled firm acquired Indian AI startup Liv.ai in August.
Walmart is considering both internal and external candidates for the role including Flipkart CEO Kalyan Krishnamurthy.
Besides Naspers, Ola is also in talks with Singapore’s Temasek Holdings Ltd and two other funds to raise $1 billion in fresh capital
Swiggy, which raised funds earlier this year at $1.3b valuation, may see this double to $2.5b
Flipkart may apply for a new NBFC licence, as part of its broader strategy of building a full-fledged financial services business.
Bansal insisted that the US-based retail giant had, in fact, made a long-term bet on India that would pay off over the next five to ten years.
Ola has raised the round from Hong Kong-based Sailing Capital and China-Eurasian Economic Cooperation Fund (CEECF).