Search Results for:Anirban Sen

Walmart trims 2018-19 profit outlook after Flipkart’s $16b acquisition

Walmart also predicted that its US e-commerce growth next year will be slower than the current financial year.

Omidyar Network plans to invest $250m in Indian ventures, enterprises

The firm will look to enter new areas and sectors such as citizen-focused legal services, property rights and public platforms.

India: SigTuple holds talks with PremjiInvest, DST Gobal to raise up to $50m

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.

Flipkart acquires Israeli analytics startup Upstream Commerce

This is Flipkart’s second acquisition in as many months, after the Walmart-controlled firm acquired Indian AI startup in August.

India: Flipkart may appoint new group CEO in place of Binny Bansal

Walmart is considering both internal and external candidates for the role including Flipkart CEO Kalyan Krishnamurthy.

India’s Ola in funding talks with Naspers at a valuation of $7-8b

Besides Naspers, Ola is also in talks with Singapore’s Temasek Holdings Ltd and two other funds to raise $1 billion in fresh capital

India: Swiggy in talks to raise $700m funding from Tencent, others

Swiggy, which raised funds earlier this year at $1.3b valuation, may see this double to $2.5b

India: Flipkart launches cashless credit, may apply for NBFC license

Flipkart may apply for a new NBFC licence, as part of its broader strategy of building a full-fledged financial services business.

Flipkart a bargain buy for Walmart, says group CEO Binny Bansal

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.

India: Ola raises $50m from new Chinese investors at $4.3b valuation

Ola has raised the round from Hong Kong-based Sailing Capital and China-Eurasian Economic Cooperation Fund (CEECF).