The world's biggest retailer, Walmart, is keen to bring in strategic investors for the Indian e-commerce company but is also open to selling to large pure-play investment firms.
The funding round saw the participation of sovereign wealth and pension funds and included Walmart, SoftBank Tencent Holdings & Blackstone Group-backed Antara Capital among others.
India's e-commerce market is going through significant changes, particularly through the impending merging of online and offline retail with Big Tech investments.
Walmart Inc., the world’s largest retailer, could be forced to publicly list its newly acquired Indian e-commerce company, Flipkart Group, within four years at the request of a small minority of Flipkart shareholders, a public filing shows.
Considering the fact that Walmart has failed to build up its own Indian business in 11 years, the deal represents a second-best outcome at most.
Walmart...
When a player scores heavily, shows leadership across formats, wins trophies, and still doesn’t get a nod, you have to wonder — what exactly is the selection criteria?
Diving into workings of Gurugram fulfilment centre, Abhinav Singh, V-P (Ops) at Amazon India, offers insights into how company manages logistics, in conversation with ThePrint Editor-in-Chief Shekhar Gupta.
Lieutenant Commanders Dilna K & Roopa A’s expedition aboard INSV Tarini is the first-ever such global circumnavigation by Indian women in a double-handed mode.
India is better positioned in the world than at any point post-Cold war. We have to decide if global opinion matters to us or not. If it does, we must engage with their media, think tanks, civil society.
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