Flipkart Secures $600 Million Investment from Walmart, Plans Operational Expansion

Three points you will get to know in this article: In a significant financial move, Flipkart, the leading player in the e-commerce domain, has successfully secured a substantial investment of $600 million or Rs 5,000 crore from its parent company Walmart through its investment arm, FIT HOLDINGS SARL. The decision to raise these funds was formalized by the Flipkart board,…

Festive Sale and Cricket Mania Propel ONDC Order Volume to 12 Lakh During Diwali Week

Three points you will get to know in this article: Taking advantage of the joyful holiday spirit, the government-supported Open Network for Digital Commerce (ONDC) proudly logged an impressive 1.2 million transactions from November 6 to November 13, as revealed by exclusive ONDC data accessed by Inc42. Earlier this year, ONDC emphasized its aspiration for a daily transaction count of…

Flipkart Targets Loyal Shoppers with VIP Membership Launch

Three points you will get to know in this article:• New Flipkart VIP now at INR 499 annually.• This strategic shift precedes this year’s festive season sale.• Flipkart assures VIP members free same/next-day deliveries in specified areas. Amid the intense rivalry within India’s vibrant ecommerce arena, Flipkart, now under Walmart’s ownership, has introduced its strategic response to Amazon’s Prime program…

Flipkart Ventures Supports 5 Early-Stage Startups Through Its Accelerator Programme

Three points you will get to know in this article: Flipkart’s investment arm, Flipkart Ventures, is actively supporting the growth of five promising startups through its innovative accelerator program, Flipkart Leap Ahead (FLA). Now in its second year of fostering startup success, Flipkart has handpicked Algomage, Castler, FlexifyMe, NimbleBox.ai, and ReCircle for their remarkable potential to drive technological advancements across…

Flipkart to Invest $20 Million in New In-House Credit Marketplace Startup

Three points you will get to know in this article: Flipkart, the prominent e-commerce giant, is earmarking approximately $15-20 million to support the development of an in-house credit marketplace startup led by its senior executive, Prakash Sikaria. This information has been confirmed by multiple sources familiar with the situation. Prakash Sikaria, a Senior Vice President within the company, previously responsible…

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