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India Ecommerce Market: $65 Billion By 2023, Flipkart to Leapfrog Amazon

Flipkart sales growth
Gauged in terms of revenue and market capitalization, Amazon is the lead player in India's eCommerce marketplace. The global e-commerce major's sales revenue alone is estimated to clocked $8.8 billion in 2018. Being prominent and might Amazon never let its peer competitors succeed in terms of market value in any means. However, market analysts expect that after the acquisition of...

Flipkart In Dire Straits With Increased Expenses, and Losses Surging Five-Fold!

In what would be the most self-evident scoop on the plate, Singapore-based Flipkart Group has seen a surge in its total revenue, which, fortunately, has increased at a dramatic pace! The revenue of Flipkart Group during FY'18 ending March 2018, increased over 50%, to Rs 30,164 crore. But does that mean Flipkart is all up for a windfall and is...

Walmart May Exit Flipkart Amid New FDI Rules: Morgan Stanley

The new Foreign Direct Investment (FDI) rules which kicked in on February 1, 2019, have come as a huge jolt for the ambitious US-based retailer Walmart.The behemoth had decided to join the huge Indian e-commerce feast barely a year ago by paying an astoundingly huge $16 billion to acquire a 77% stake in the Indian retail juggernaut Flipkart. Walmart May...

Flipkart’s Overall Loss Up By 70% In FY18 Amid To Ongoing Spending War

Flipkart revenue loss
Flipkart India, the wholesale entity of the country’s largest online retailer is being given a raw deal! With a loss that accounts to a staggering nine-fold, the retailing giant owned by US-based Walmart Inc., had a tough financial year.According to regulatory filings of the two main entities that control the India business i.e., Flipkart India and Flipkart Internet, the...

Flipkart Employees To Become Millionaires As Walmart To Buy ESOPs

Walmart buying Flipkart ESOPs
Flipkart employees are expected to strike gold through the deal of acquisition of the e-commerce giant by Walmart. Flipkart has recently allowed its employees - if they want - to sell their stocks to its parent company. The employee stock options present at their disposal had their valuation increased as a result of the deal. The increase in valuation...

Will The “More” Of Amazon Flip The Equations Of Retail Industry In India?

amazon to acquire more
Amazon.com (NASDAQ:AMZN) is leaving no stone unturned to hold up its presence in the grocery and food market, against rival retail strategies.According to recent reports, the Indian arm of Global retail leviathan, Amazon India is sizing up a stake in Aditya Birla’s retail chain of stores, namely 'More'. If reports are to be believed, Amazon, in a close collaboration with Goldman Sachs...

The Microsoft-Walmart Cloud Deal Comes As Digital Alliance Against Amazon!

Microsoft Walmart Cloud Deal
The recent collaboration between the tech giant and the brick-and-mortar king comes amidst bells-and-whistles and is a shot across Amazon's bow, as of now!If recent reports are to be believed, Walmart and Microsoft are joining forces in the bruising battle against Amazon. Under a five-year deal agreement, Walmart Inc. (NASDAQ:WMT) will boost its use of the cloud services from Microsoft Corporation (NASDAQ:MSFT) cloud services and...

Flipkart Takes On Amazon With A Unique Style Loyalty Program

Loyalty Program by Flipkart
As the battle to enjoy the lion's share in customer satisfaction intensifies in the Indian eCommerce system, native eCommerce giant, Flipkart is beck and call, at launching a customer loyalty program by end of July or early August.Reportedly, the Bengaluru-headquartered company which is recently acquired by Walmart, Flipkart has appropriated about $173 million to spend on all the benefits,...

Amazon Increases Investment In India To Strike Back At Walmart

Amazon investment india
On the deck for decades now, Walmart has been striving to pillow its online offerings, in the ever-growing eCommerce sector. The upshot of Walmart’s interest in India is the latest sequel to the erstwhile retailer’s battle with Amazon. However, in a quick retaliation, Amazon's vision to expand globally, strikes payback to Walmart, according to Morgan Stanley.Amazon.com just increased its entire capital...

Can eBay Re-establish Itself In India With The Surprise Equation

ebay sold Flipkart stake
In the backdrop of the recent Walmart-Flipkart deal, reports claimed that eBay could possibly sell its stake in Flipkart that represents as much as $1.1 billion in value to Walmart and exit the Indian firm. While eBay was quick to release the official statement, there were no additional details provided by the once the e-commerce behemoth in India. However, it was clear...

Why Is Google’s Alphabet Reconsidering Flipkart Minority Stake Purchase?

alphabet buying flipkart stake
Reportedly, India has maintained its position as the third largest online retail market in the world after China and the USA. Pocketing in benefits, the acquisition of Flipkart by the American supermarket chain, Walmart is considered to be a major attempt of stretching its wings into the Indian online retail business. With a mammoth valuation of $500 billion, Walmart purchased major stakes...

Walmart Flipkart Deal: One of The Largest Wealth Pools For Employees

Walmart-Flipkart Deal
Latter day, the news of Walmart’s acquisition of Flipkart panned out everywhere. At a valuation of nearly $21 billion, this deal has managed to generate one of the largest wealth pools for employees in India. With this deal being hammered down, the total worth of Flipkart's employee stock ownership plans(ESOPs) has jacked up. Over and above, it includes invested shares...

Walmart Acquires Flipkart To Lock Horns With Amazon in India

Walmart acquires Flipkart
It's official. Walmart acquires Flipkart to enjoy a lion's share of e-commerce industry in India. Reportedly, Walmart, No. 3 in the Internet Retailer 2017 Top 500, has sealed the deal with Flipkart at $16 billion, a valuation of $20.7 billion. This is one of the biggest e-commerce deals and this ascertains the online inventory to lock horns with Amazon which is No.1...

Amazon Wants To Acquire Flipkart To Counter Walmart in India

amazon to acquire Flipkart
The eCommerce industry in India is finally hearing for consolidation as all the major players have set their eyes on the lion's share of the market. While the talk with Walmart to buy a controlling stake in Flipkart is advancing, in a new twist, Amazon is also showing its interest in acquiring Flipkart - the post boy of the Indian e-commerce revolution.According...

iOS Devices (iPad And iPhone) Owners Turned Out As More Shopaholic Compare To Android On “Black Friday” And “Cyber Monday” [Study]

Undoubtedly, ‘Black Friday’ and ‘Thanksgiving Day’ showed off great beginning of Christmas 2012 and holiday shopping season. Of course, online retailers succeeded to entice significant number of users by touting amazing discounts and offers on Black Friday and Thanksgiving Day. Besides, bricks-and-mortar retailers also succeeded to leverage over the holiday shopping season, and this is the reason why every...

Nokia Lumia 900 Available For Pre-Order In The US: [REPORT]

Indeed, it's a great news for Nokia Lumia 900 enthusiast who are eagerly waiting to get their hand on Windows Phone based device, which is available for pre-order. As we previously informed that Nokia decided to launch the device on April 08th this year for the carrier AT&T in the US. The price is kept almost $100 for folks in...

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