Until now, Myntra, while being a wholly owned unit of Flipkart, has operated completely independently.
Bansal said he would continue to hold his substantial stake in Flipkart and remain a member of its board.
In May, Walmart agreed to buy a 77% stake in online retailer Flipkart for $16 billion.
At least half a dozen new mobility startups in India—including Rapido, Ather Energy, Bounce and Vogo—are in funding talks to raise large amounts o
Alibaba-backed BigBasket may end up raising about $300-400 million as part of the latest funding talks.
The high-stakes market share battle against Amazon India will require Flipkart to spend heavily to maintain its slender lead over its rival.
Its losses nearly doubled to ₹397 crore from ₹205 crore in the previous yea as the startup spent heavily to keep its lead over rivals such as Zoma
Since its founding in 2010, FirstCry has raised more than $100 million from Mahindra, IDG Ventures India (now Chiratae Ventures), New Enterprise Assoc
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.
© Copyright DEALSTREETASIA 2014-2019 All rights reserved.
Forgot your password?
We will never share your information with third parties.
Already have an account? Sign in here
If you don’t already have an account click the button below to create your account.
Unlock your competitive advantage in a
rapidly evolving landscape. Our packages
come with exclusive access to archive
content, data, discount on summit tickets & more.
Be a part of our growing community now.