Wednesday, February 21, 2024
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Outlook India
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Flipkart

More than 80% of the participating suppliers were shortlisted to move to the next round with the potential to join the Walmart Marketplace

At the Walmart Growth Summit, Flipkart CEO Kalyan Krishnamurthy revealed that the company plans to transition its delivery fleet to electric vehicles by 2030.

After Walmart acquired a majority stake in Flipkart, co-founder Binny Bansal has formally stepped down from the e-commerce giant's board. Binny, who sold his remaining stake to Walmart, has initiated a new start-up called OppDoor.

Industry experts believe that a robust India stack comprising UPI riding on economical and accessible internet, as well as democratising ONDC, could accelerate the online transition of offline retail businesses.

Dedicated service centers will cater to the diverse needs of customers using Apple products in Srinagar and Chennai

Walmart-owned Flipkart has also stopped hiring new workforce to optimise its business operations

According to reports, this is not a pre-IPO round and preparations are being made to raise another fund in the next year.

The report added that the shoppers spent an average of seven hours on the homegrown e-commerce marketplace this year

The MoU aims to enable national market access for women self-help groups from the Northeastern States

She will lead the pre-seed stage fund's investment strategy and decisions, taking a thesis-driven approach to investing in startups that have the potential to scale globally