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Posts Tagged ‘Flipkart’

Coinbase poaches Google Shopping VP as CPO for cryptocommerce

“We’re trying to shift cryptocurrency from this speculative asset class to driving real-world utility,” Coinbase CEO Brian Armstrong tells me. How? Through commerce and micropayments. But now Coinbase has the who to build it. Today the startup announced it has hired away former head of Product for Indian e-commerce giant Flipkart and Google Shopping VP ...

Apple to start online sales in India in Q3 this year

Apple’s much-awaited online store in India will be operational starting Q3 this year, a little longer than previously expected, a source familiar with the matter told TechCrunch. The iPhone-maker said in August last year that it was “eager to serve [customers of India] online and in-store with the same experience and care that Apple customers ...

Amazon partners with thousands of mom-and-pop stores in India

Neighborhood stores dot tens of thousands of cities, towns and villages in India. They have survived — and thrived, despite — retail giants’ billions of investment in the country. So now, Amazon is beginning to embrace them. Amazon said on Saturday it has partnered with thousands of neighborhood stores — locally known as kirana stores ...

Amazon’s fresh $1B investment in India is not a big favor, says India trade minister

India’s trade minister isn’t impressed with Amazon’s new $1 billion investment in the country. A day after Amazon chief executive Jeff Bezos announced that his company is pumping in an additional $1 billion into its India operations, making the total local investment to date to $6.5 billion, the nation’s trade minister Piyush Goyal said Amazon’s ...

Startups Weekly: Oyo has issues + A farewell

In this week's newsletter: India's growing pains, Brazil's latest venture funding and how to pitch journalists. ...

Flipkart leads $60M investment in logistics startup Shadowfax

Walmart’s Flipkart has backed Shadowfax in a new $60 million financing round as the retail giant works to strengthen its logistics network in the nation. Flipkart led the Series D financing round for the four-year-old Bangalore-based startup, Shadowfax co-founder and chief executive Abhishek Bansal told TechCrunch in an interview. Existing investors Eight Roads Ventures, Nokia ...

Inside Prosus Ventures’ $4.5 billion bet on India

Prosus Ventures last week filed a hostile offer for British food delivery startup Just Eat, an attempt to defeat a unanimous rejection from its board and simultaneously fend off a bid from rival Takeaway. The giant Naspers spinoff said it was willing to pay as much as $6.3 billion in cash to lure Just Eat, ...

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 ...