Flipkart investors could force Walmart to take company public in four years

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Investors controlling as little as 14% of Flipkart can ask Walmart to take the Indian company public in as soon as four years.

Flipkart

Walmart to meet all tax obligations for Flipkart deal: CEO Doug McMillon

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The world’s biggest retailer led a group that bought a 77 percent stake in Flipkart Online Services Pvt. in a deal valuing the Indian company at about $21 billion.


Acquisitions to drive Flipkart’s future growth, says Binny Bansal

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Flipkart will look at more buys but they will be heavily capability driven, says Flipkart co-founder and group CEO Binny Bansal.


Ride-hailing major Grab launches food delivery platform in Vietnam

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Grab is likely to launch its electronic wallet GrabPay in Vietnam by September this year as part of its plans to roll out payment services across Southeast Asia by the end of this year.


With India re-launch on its mind, eBay to sell its $1.1b stake in Flipkart

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Once it sells its stake in Flipkart, eBay plans to relaunch its services in India, focusing initially on cross-border trade opportunities.


SoftBank to transfer $12.9b ride-sharing stakes to its Vision Fund

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The move would provide the fund’s investors significant exposure to the ride-sharing industry, which is being shaken up by consolidation in which SoftBank is playing a role.


Walmart buys controlling stake in India’s Flipkart for $16b

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Deal includes $2 billion of funding from new equity in Flipkart, which could be sold to additional investors in the future.


Masayoshi Son steals Walmart’s thunder by confirming Flipkart deal ahead of announcement

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“I think we announced it last night,” he said, during an investor call after his own company’s earnings. “If not, well then that means I’m just spouting this out. In any case, it’s been decided.”


Flipkart, Walmart set to announce world’s biggest e-commerce deal

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Walmart will buy roughly 70% of Flipkart; it will invest $2b in fresh capital & buy rest from existing Flipkart investors


Myntra, Jabong CEO looks at high-growth rate, imminent expansion

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Narayanan is bullish about maintaining its high growth rate and is investing in new spaces such as personal care, home, jewellery and wearable technology.