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Flipkart Internet receives INR 1,421 Cr in funding from Singapore-based parent
Flipkart Internet, the e-commerce subsidiary of the Walmart-backed company, has received INR 1,421 Cr (approximately $170 Mn) through an internal fund transfer from its...
Levi Strauss raises annual profit forecast following cost reductions; shares soar 7%
Levi Strauss increased its annual profit outlook on Wednesday, citing the apparel company's recent cost reductions from workforce reductions and reduced markdowns on its...
Cheese lovers rejoice: Whisps introduces new ‘Popped’ line of protein-packed snacks
Whisps is introducing a new line of protein-rich bite-sized snacks, named "Popped," crafted from 100% genuine cheese.The new product is infused with extra cheese...
Flipkart’s valuation takes a hit, declines by over INR 41,000 Crore in two years
Flipkart, the ecommerce giant, has seen a decrease in valuation by $5 billion or approximately INR 41,000 crore since January 2022, according to equity...
Binny Bansal’s Three State Ventures fuels OppDoor with $2 Million investment
According to recent regulatory filings in Singapore, Binny Bansal, the founder of Flipkart, has injected nearly $2 million into his latest venture, OppDoor, through...
Flipkart explores buyout of cash-strapped Dunzo
Flipkart, a major ecommerce platform backed by Walmart, is reportedly exploring the acquisition of cash-starved hyperlocal delivery startup Dunzo.According to a TechCrunch report, complexities...
Walmart aims to triple sourcing from India to $10 Billion annually by 2027, focuses on expansion and collaboration
Walmart, the multinational retail hypermarket, said that it has procured goods worth over $30 billion from the Indian market for its global operations in...
Govt pushes for Indian toy sector expansion with Snapdeal, Walmart collaborations
The government announced on Monday that tie-ups between domestic toy makers and "internationally acclaimed big players" including Snapdeal and Walmart are in the pipeline,...
Flipkart revives same-day delivery service across 20 cities, taking on Amazon’s Prime model
The same-day ecommerce delivery service, pioneered by Amazon through its Prime subscription model in 2017, has recently witnessed a revival. Joining the fray on...
Flipkart nears profitability amidst cost reduction measures and fintech expansion
Flipkart, the e-commerce giant led by Walmart, is approaching profitability, according to Kalyan Krishnamurthy, the group chief executive. Despite operating at a loss, Krishnamurthy...
Walmart experiments with AI to enhance customers’ shopping experiences
Walmart has announced plans to expand its involvement in the realms of artificial intelligence and drones, with the goal of enhancing its customers' shopping...
Walmart-owned Flipkart initiates annual job cuts, targets 5-7% workforce reduction by April
Walmart-owned Flipkart has initiated a workforce reduction program that may result in a reduction of five to seven percent in its overall staff, as...