The Flipkart Group announced the acquisition of Scapic, an Augmented Reality company, to enhance its immersive shopping experience capabilities. Founded in 2016 by Ajay Ponna Venkatesh and Sai Krishna V K, Scapic is a cloud-based platform which enables creation and publishing of Augmented Reality (AR) and 3D content, currently serving clients across e-commerce and marketing. …
The Flipkart Group has announced investment in USPL (a premium youth-focused fashion brand house) to enhance its fashion portfolio and will work with USPL to expand product offerings on its platform. This is a Series F funding for USPL from the Group and also had participation from existing investor Accel Partners. This investment will…
Flipkart announced the acquisition of Intellectual Property from Mech Mocha, a mobile gaming startup to strengthen its gaming strategy. The company’s IP, Mech Mocha’s skilled gaming team will also join Flipkart as the company continues to focus on developing new and innovative formats to engage with users on its platform. Arpita Kapoor, Co-Founder & CEO,…
Arzooo, a Business-to-Business retail tech start-up, has secured $7.5 million in Series A funding led by venture capital firm – WRVI Capital. The Series A round also saw participation from Arzooo’s existing investors 3Lines Venture Capital and Jabber Internet Group, others. The retail tech company plans to utilise the raised funds to expand its operations…
India’s e-commerce giant Flipkart and its US-based parent Walmart have invested $30 million in Ninjacart, a fresh produce supply chain startup, according to the ETtech report. Flipkart and Walmart said in a joint statement that the investment would deepen their partnership with Ninjacart and would improve its offerings and enhance customer experience. “The e-grocery market…
The Haryana State Industrial and Infrastructure Development Corporation Ltd (HSIIDC) announced that it has allotted 140 acres of land to Walmart-owned Flipkart for Rs 432 crore. Flipkart will use the land to set up its largest fulfilment centre in Asia. HSIIDC said that the project will give impetus to further investments in the region and…
Flipkart, India’s homegrown e-commerce marketplace has announced its partnership with Paytm, India’s leading digital financial services platform, to provide customers a slew of offers and benefits as they prepare their wish lists for this festive season. This partnership will enable millions of Paytm users to conveniently pay through their Paytm Wallet and Paytm UPI while…
Walmart, a multinational retail corporation, announced it has invested $560 million in Flipkart as part of its $1.2 billion round announced in July, according to the regulatory filings made in Singapore show. The news was first reported by Entrackr. According to the filings, Walmart had been allotted 39,57,960 equity shares in Flipkart’s Singapore unit at…
Flipkart Wholesale, the digital B2B marketplace of India’s homegrown Flipkart Group, announced the expansion of its operations into 12 new cities, enabling a one-stop digital marketplace solution for the retail ecosystem which will offer small businesses a wide selection of products at a significant value. Expanding with the Fashion category in these cities, Flipkart Wholesale…
E-commerce giant Flipkart said it has plans to create 70,000 new jobs and employ more people as delivery partners, ahead of the Indian festive season in the coming months. The move is in line to meet the surge in online shopping which is expected to boom in the festive season that lasts till Diwali. Post…
Flipkart, India’s homegrown e-commerce marketplace, announced that it has entered into a strategic partnership with Sastodeal, a leading e-commerce company in Nepal, to initiate cross-border trade opportunities for its lakhs of sellers. Under the partnership, Sastodeal will host products from Flipkart marketplace sellers operating across the categories of babycare & kids, audio devices, men’s clothing,…
Flipkart, India’s homegrown e-commerce marketplace, announced the launch of ‘Flipkart Leap’ — the company’s first startup accelerator program to help new and upcoming startups grow, scale, navigate challenges and in turn contribute to India’s growing entrepreneurial ecosystem and boosting ‘Start-Up India’. With the call-for-entries beginning today, Flipkart Leap will identify B2C and B2B startups and…
Indian e-commerce giant Flipkart, recently announced the launch of its hyperlocal service – ‘Flipkart Quick’ building on its technology capabilities and supply chain infrastructure. Flipkart Quick is aimed to offer unmatched customer experience, riding on wide selection, top-class quality and a new location mapping technology framework. The hyperlocal delivery model aims to tap new consumers…
Indian e-commerce giant Flipkart recently said that it is raising $1.2bn in funding led by majority owner Walmart Inc. The investment, also funded by other existing shareholders, values Flipkart at $24.9 billion, and comes two years after U.S. retail giant Walmart bought the company from its founder for $16bn acquiring more than 70% stake. Flipkart…
Flipkart, India’s homegrown e-commerce marketplace, and Department of MSME and Mines, Government of Karnataka, announced that they have signed a Memorandum of Understanding to promote the state’s Arts, Crafts and Handloom sectors, by bringing them on to e-commerce and providing market access. Flipkart said that the partnership under the Flipkart Samarth programme will enable local…