Flipkart

Walmart partners with Rakuten to open its first e-commerce store in Japan

Walmart is continuing its strategy of revamping its businesses in Asia after the U.S. retail giant opened its first e-commerce store in Japan, where it is working with local retail giant Rakuten. The

Flipkart CEO Binny Bansal resigns over allegations of ‘serious personal misconduct’

Flipkart, the India-based e-commerce firm owned by Walmart, has lost its Group CEO Binny Bansal after he resigned from the company following an investigation into “serious personal misconduct.&#

Tiger Global returns with a $3M investment to help restaurants deal with delivery apps

Tiger Global has returned to backing early-stage Indian startups after it wrote a $3 million check for CheckMate, a U.S.-Indian startup that helps restaurants deal with the pain of multiple food order

India’s Meesho, which enables social commerce via WhatsApp, raises $50M

Meesho, a Bangalore-based social commerce startup, has closed a $50 million investment to grow its business in its Indian homeland ahead of future international expansion. This Series C round means th

As stock rises on a slim earnings beat, eBay tells analysts to focus on payments and ads

Despite increasing competition from traditional retailers like Walmart and Target, which have invested heavily in e-commerce, and the whupping it’s routinely taking from Amazon among pure e-comm

Walmart continues M&A spree with acquisition of lingerie retailer Bare Necessities

Walmart has acquired online lingerie retailer Bare Necessities one week after its purchase of ELOQUII.

Meet the woman leading Accel’s consumer growth investments

Accel has hired Maya Noeth to lead its consumer growth investing efforts. The firm typically promotes from within; Noeth is its first outside hire in over two years.

Tiger Global is in talks to invest in cryptocurrency unicorn Coinbase at $8B valuation

Coinbase may raise up to $500 million at an $8 billion valuation. The cryptocurrency trading platform has also announced two new high-level hires.

Amazon makes offline retail push in India

Amazon unleashed a flurry of new products this week at a U.S. press event, but halfway across the world, it is getting deeper into physical retail in the Indian market. The U.S. e-commerce giant is bu

GreyOrange raises $140M to develop fully-automated robotics for warehouses

GreyOrange, a Singapore-headquartered firm that develops robots for warehouses, has pulled in a $140 million Series C funding round as it targets more expansion and growth. The company was started in

Udaan, the e-commerce startup led by three former Flipkart executives, raises $225M

The trio announced this morning that their B2B e-commerce startup Udaan had raised $225 million in Series C funding. The cash infusion, according to Indian media reports, makes Udaan the fastest-ever

Xiaomi backs Indian consumer lending startup ZestMoney in $13.4M deal

Xiaomi has continued its investment in India after it led a $13.4 million round for fintech startup ZestMoney. The newly-public Chinese firm previously said it would invest up to $1 billion in India

What I learned from Flipkart

Two weeks ago, Walmart concluded its investments to acquire a majority stake in Flipkart. This is one of the largest transactions in e-commerce and in the internet space globally, with Walmart deplo

Walmart completes its $16 billion acquisition of Flipkart

Walmart announced over the weekend that it has completed a $16 billion investment in Flipkart that sees it become the majority owner of the Indian e-commerce company. The deal was first revealed back

Global unicorn exits hit multi-year high in 2018

Unicorn exits are taking flight. With the IPO window wide open, an apparent record number of venture-backed companies privately valued over $1 billion have launched public offerings this year.

India’s Hansel raises $4M to bring its app development platform to the US

Hansel, an India-based startup that enables more agile product development inside companies, has pulled in $4 million as it seeks to expand its business to the U.S.. The startup was founded in 2015 an

EBay paid $573M to buy Japanese e-commerce platform Qoo10, filing reveals

EBay is a very distant second behind Amazon when it comes to e-commerce sales in the U.S., but abroad — and in particular in Asia — it is willing to invest to grow its footprint in a targe

Update: Walmart acquiring Shopify is no longer a laughable idea

As competition between Walmart and Amazon intensifies, the acquisition of Shopify's merchant marketplace may be the boost that the Walton family's juggernaut needs to move ahead.

Naspers is in talks to invest in Southeast Asia’s Carousell

Naspers, the South Africa-based firm that famously backed Chinese giant Tencent in its infancy, is in talks to invest in Singapore-based startup Carousell, according to two sources with knowledge of d

CapitalG leads $21.5M investment in Aye Finance, its first fintech deal in India

India is a major part of Google’s global focus. The company launched a new product in India last week as its program to bring free WiFi to the public registered its 400th railway station. Now,
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