Walmart

When a big company intends to enter a new business segment from scratch, it often prefers to acquire an already existing business that has gained some traction in the market. Flipkart recently exemplified this strategy with a reported offer...

Flipkart, India's e-commerce giant owned by Walmart, has unveiled its financial results for fiscal 2023, ending March 31, 2023. The heartbeat of Flipkart's marketplace operations, Flipkart Internet, showcased an impressive 42% YoY growth in operating revenue, from Rs 10,477...

The unprecedented growth of the US eCommrce market is largely driven by none other than Amazon.com. The eCommerce behemoth has been dominating the market for years now and the latest data indicate that no single player would be able...

Mukesh Ambani's retail empire has not only emerged as an unstoppable force in India but also on the global frontier! According to Deloitte, Reliance Retail has been ranked as the second fastest-growing retailer in the entire world as of 2021,...

Flipkart IPO could turn out to be the biggest success story of an Indian startup unicorn. The face of the Indian e-commerce, Walmart-owned Flipkart has certainly quickened its steps towards a much-awaited IPO. The path it has zeroed in...

Amazon’s latest move to beat Walmart is sneaky and out of the box. The Bezos-owned e-commerce giant believes $15 as the starting minimum wage per hour for workers will be good for business. And, it has been lobbying U.S Congress...

At long last, Flipkart has performed the sacrificial rites of Jabong, with sights set on the much-awaited IPO. The burial of Myntra’s strapped cousin comes three months on the back of Walmart announcing it had taken non-cash impairment charges of...

Desperate times call for desperate measures. COVID-19 wrecked the foot traffic physical stores used to generate pre-pandemic. This is why global retail giants are now increasingly pivoting their focus towards their digital presence and hiring for the same in...

The digital payment company PhonePe has raised Rs 5,000 crore (approx $690 million) in a fresh round of funding. After the new round of investment, the company is now valued Rs 45,000 crore (post-money valuation) that will help the...

The battle conch for the festive season has already been blown. Now in a bid to take control of a new frontier, two contenders have come to head again. Walmart-owned Flipkart and Jeff Bezos led e-commerce major Amazon is reported to have held separate...