Walmart

Flipkart Internet Shines With 42% YoY Revenue Surge in FY23, Investment in Logistics Pays Off

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...

Amazon Accounts For Much Bigger Share Of US eCommerce Market Than The Combined Share Of Rest Top 10 Players In 2021

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...

Reliance Retail Is The Second Fastest Growing Retailer In The World With 55.1% CAGR [Report]

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 With $35 Billion Valuation: Walmart to take the SPAC Route

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 New Strategy To Crush Walmart: Thinking Out Of The Box

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...

Jabong is Finally Buried: Walmart Sets Its Priorities For Flipkart IPO!

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...

Global Retail Giants Ramping Up Hiring In India To Focus On Transforming Digitally!

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...

Exclusive: PhonePe Raises ₹5,000 Crore At A Valuation of ₹45,000 Crore

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...

Flipkart, Amazon Hurtle To Secure Their Slice in Aditya Birla Fashion

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...

Can Tata Super App, With the Backing of Walmart, Take On JioMart?

In August, Tata Group, in a move to likely counter the offerings of the Jio umbrella, declared that they are in the process of creating a ‘super app’ of their own. Now, following up the same, it has come to...
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Amazon Makes Historic Bet on AI: $4 Billion Fuels Anthropic’s Generative Engine

AI investments have skyrocketed in the last three years, with tech giants placing their bets on the transformative power...
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