After CEO Aggarwal blocked the proposed deal, Tiger Global partner Lee Fixel resigned from Ola’s board.
Walmart is competing with rival Amazon to buy majority in Flipkart, which also owns Myntra, Jabong and PhonePe app.
The price range values Flipkart slightly lower than the pre-money valuation it clinched in two funding rounds.
A key reason for the increase in sales at Amazon was its widely advertised three-day sale event called the Great Indian Sale. During the sale, Amazon
As long as Didi owns shares in Ola, or for a period of two years after it sells its shares in Ola, Didi must not link up with any business that compet
Flipkart wants to generate monthly gross sales of Rs.3,700-3,800 crore, achieve a net promoter score of 55, and three, break even at the gross profit
Flipkart identifies at least four large seller entities that will help it comply with norms on sales contribution and discounts
Cab-hailing service Uber India is again starting a price war as it looks to regain the initiative from Ola.
Ola’s fund-raising efforts come at a time when the company has regained the initiative from Uber in the race to dominate India’s booming cab haili
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