(source: flipkart.com)
Amazon intends to invest $26 billion in India by 2030 amid increasing competition with Walmart. As Reuters reported Saturday (June 24), the company made that announcement after CEO Andy Jassy met...
Could Walmart’s Indian eCommerce and payments operations become $100 billion businesses? The retailer’s chief financial officer seems to think so, Reuters reported Wednesday (June 14)....
Walmart-owned Flipkart Group’s Shopsy app is growing both in numbers and geographically across India. The eCommerce app for discounted resale products has tripled its number...
Walmart plans to double its overseas gross merchandise volume to $200 billion in five years. “It is a pretty ambitious target,” said Judith McKenna, Walmart...
Walmart has won a rare eCommerce victory over Amazon thanks to its Indian business. As the Financial Times (FT) reported Saturday (May 20), Walmart’s $16 billion purchase of majority...
India’s FinTech platform PhonePe has raised another $200 million, this time with the help of Walmart. The funding, announced Friday (March 17), comes one month...
India’s PhonePe is closer to realizing its super app ambitions after raising $100 million. The Walmart-backed payments platform announced the round Tuesday (Feb. 14), which...
India-based eCommerce platform Flipkart has parted ways with the digital payments platform PhonePe. The companies announced the severing of their ownership in a Friday (Dec....
PhonePe reportedly hopes to raise $1 billion as it tries to become a super app. The payments company — owned by the eCommerce firm Flipkart,...