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Posts Tagged ‘Flipkart’

Walmart’s Flipkart confirms it is entering the food retail business in India

India’s Flipkart is entering the food retail business as the e-commerce giant looks to expand its reach in the nation, its chief executive said on Tuesday. Flipkart, which sold majority stake in the company to Walmart for $16 billion last year, has registered an entity called ‘Flipkart Farmermart Pvt Ltd’ — in compliance with local ...

India’s Udaan raises $585M to expand its B2B e-commerce platform

Udaan, a three-year-old business-to-business e-commerce platform in India, has raised more than half a billion dollars as it looks to bring more kirana stores, chemists and other small businesses online through its marketplace. The startup said today it has raised $585 million from Tencent, Altimeter, Footpath Ventures, Hillhouse, GGV Capital and Citi Ventures. Existing investors ...

What top enterprise VCs are thinking, using data effectively, ethics, Light, and Flipkart

Top VCs on the changing landscape for enterprise startups TechCrunch had our debut confab for enterprise types this week at Yerba Buena Center in SF, where we heard from Aaron Levie, CEO of Box, Apple VP Susan Prescott of Apple, and Microsoft Azure CTO Mark Russinovich. We were sold out, which perhaps isn’t all that ...

Why Walmart’s Flipkart is betting heavily on Hindi

Flipkart, the largest e-commerce platform in India, said Tuesday it has concluded the roll-out of a range of features to its shopping app in what is its biggest update in recent years. Chief among these new features is access to Flipkart in Hindi language. Prior to the revamp of the app, Flipkart was available only ...

India’s Flipkart bets on free video streaming service and Hindi support to win next 200 million internet users

India’s e-commerce giant Flipkart said on Tuesday that it is revamping its shopping app to add support for Hindi language, a video streaming service, and an audio-visual assistant, the latest in a series of recent efforts to expand its reach in the country. The e-commerce firm, which sold majority stake to Walmart for $16 billion ...

India’s Reliance to buy majority stake in Google-backed Fynd for $42.3M

Indian conglomerate Reliance Industries is acquiring 87.6% stake in Fynd, a seven-year-old Mumbai-based startup that connects brick and mortar retailers with online stores and consumers, for 2.95 billion Indian rupees ($42.33 million), the two said in a brief statement late Saturday. Fynd, which was founded in 2012, helps offline retailers sell their products to consumers ...

EBay picks 5.5% stake in India’s Paytm Mall

EBay said today it is buying a 5.5% stake in e-commerce marketplace Paytm Mall as the global firm makes another push to gain footprint in India’s fast-growing e-commerce market. The two firms did not disclose financial terms of the deal, but a source familiar with the matter told TechCrunch that EBay has invested between $150 ...

Apple opens app design and development accelerator in China

Apple has opened a design and development accelerator in Shanghai — its first for China — to help local developers create better apps as the iPhone maker looks to scale its services business in one of its key overseas markets. At the accelerator, Apple has begun to hold regular lectures, seminars and networking sessions for ...

India’s Android antitrust case against Google may have some holes

India ordered an investigation into Google’s alleged abuse of Android’s dominance in the country to hurt local rivals in April. A document made public by the local antitrust watchdog has now further revealed the nature of the allegations and identified the people who filed the complaint. Umar Javeed, Sukarma Thapar, two associates at Competition Commission of India ...

Cricket World Cup highlights just how big video streaming is in India

As hundreds of millions of people turn their attention to the ongoing ICC Cricket World Cup tournament, many of them are using an Indian streaming service to follow the ins and outs of the game. More than 100 million users tuned in to Hotstar, an on-demand streaming service owned by Disney, on June 16, the ...