walmart Archives - Start Up Article

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,…

Daily Feeds Fintech

Walmart-Backed PhonePe Entry into Consumer Lending

SA TeamDecember 7, 2023

Three points you will get to know in this article: PhonePe, the digital payments unicorn, is poised to launch consumer lending services on its platform by January of the upcoming year. In a strategic move into the consumer lending arena, PhonePe, backed by Walmart, is set to commence operations initially as a facilitator for personal loans. According to a report…

Ecommerce

Flipkart Targets Loyal Shoppers with VIP Membership Launch

SA TeamOctober 3, 2023

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…