Flipkart news and archive

Amazon, Flipkart’s private labels to face challenges with new e-com guidelines

The private label businesses of Amazon and Walmart-owned Flipkart may come under regulatory lens, following fresh guidelines issued to e-commerce companies. The government's directive prohibits entities with equity participation in e-commerce marketplaces from selling products on its platform. The norms highlight how other sellers, who aren't...

Business

Walmart might announce Flipkart deal by end of week

As the race between Amazon and Walmart has gone on to see who will buy Flipkart, Business of Fashion has reported that Walmart could be coming out on top by the end of this week. If this deal is finalized, it would be the biggest acquisition Walmart has ever made. Walmart and Google's parent company Alphabet Inc will reportedly buy up to 75...

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SoftBank pushes Flipkart to focus on gaining market share; IPO definitely shelved

SoftBank Vision Fund, a Japanese reference investor in Flipkart, is pushing the Indian leading e-commerce group to make sales growth and market expansion its top priority. Sources close to the matter quoted by ‘Livemint’ indicated over the weekend that the already-delayed public offering is no longer on the agenda for the next three years at...

BusinessFeatured

Nexus approves Snapdeal sale to Flipkart

India's battle of online retailers has just gotten more interesting with Snapdeal co-investor Nexus Venture Partners (NVP) agreeing to sell the e-commerce portal to Flipkart; this week itself could see the signing of a term sheet. Japan-based Softbank, with a share of 30 percent the largest shareholder in Snapdeal, had already secured permission...