Anirban Sen

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.

India: Flipkart injects $66m in payments arm PhonePe to take on rival Paytm

The commitment was in addition to the $75 million infused by Flipkart since it acquired PhonePe in April 2016.

Flipkart aims to expand into new categories via SmartBuy

New businesses such as sports and fitness accessories, stationery and general merchandise will sport the SmartBuy brand, which was launched in 2016.

India: SoftBank-backed Ola launches UK operations to take on Uber globally

Ola has obtained licences to operate in South Wales and Greater Manchester, and it will also launch operations in South Wales within the next month.