Flipkart Archive

Wal-Mart in Talks to Invest Up to $1 Billion in India’s Flipkart

NEW YORK, United States —  Wal-Mart Stores Inc. is in advanced discussions to invest as much as $1 billion into India’s Flipkart Online Services Pvt, as the two companies battle Amazon.com Inc. in e-commerce, according to a person familiar with the matter. Wal-Mart, the world’s largest retailer, would take a minority stake in Flipkart, the person said, asking not to be identified because the matter is …

What do you call a tech unicorn the goes public?

Are tech IPOs coming back? That is an ever-present question in Silicon Valley during any lull in the flow of shining private companies that get anointed as public companies. And we certainly have been in a long lull. This year, just one venture-backed tech company, Twilio, has made it public, compared to an average of 37 per year between 2001 and 2015. But the comeback …

Dramatic Flipkart Townhall Highlights Indian Startup Trauma

BENGALURU, India — India’s largest online shopping service is heating up, and not in a good way. Flipkart’s regular Friday townhall grew tense after employees incensed by hundreds of job cuts openly accused management of betrayal. Taken aback, chairman Sachin Bansal countered that the departures stemmed from poor performance and he lost his job as chief executive for the same reason. The co-founder admitted the company …

Bits & Bytes | Walmart Buys Jet.com, African E-Commerce Startups

“Meet Walmart’s $3.3 Billion Employee” (Bloomberg)“The world’s biggest retailer announced on Monday it was buying upstart online retailer Jet.com for $3 billion in cash, plus $300 million in stock over five years — topping QVC’s $2.4 billion purchase of Zulilly.com last year as the largest-ever acquisition of an e-commerce company.” “The Web Startups Looking to Cash in on 1 Billion African Consumers” (The Guardian)“The continent’s …