Connect with us

Latest News

Amazon May Counter Walmart’s Bid For Flipkart!

Published

on

Amazon May Counter Walmart Bid For Flipkart,Startup Stories,2018 Latest Business News,India Largest E commerce Platform,Amazon and Flipkart Business Updates,Tiger Global Management,Flipkart Deal with Walmart,Amazon CEO,Flipkart Business News

Amazon, the Jeff Bezos led e commerce giant, may make a rival bid for India’s largest e commerce platform, Flipkart. Even as Flipkart is in the advanced stages of talks with Walmart, Amazon and Flipkart have been continuous talks to finalize a record breaking deal.

According to reports, Amazon, which is also one of the largest e-commerce services in India, has held early exploratory talks to purchase Flipkart. On the other hand, Walmart is keen to buy 55% shares of Flipkart through primary and secondary share purchases. If it goes through, this deal that could be valued at $ 21 billion.

As per the takeover, existing share holders like Tiger Global Management, Accel Partners, Naspers and IDG Ventures are expected to sell their shares for Flipkart’s deal with Walmart. Since Amazon’s launch in India in the year 2o12, the e commerce giant has been trailing Flipkart in very close numbers. If the deal goes through, Amazon will stand to gain dominance in the e commerce space in India.

Furthermore, if the Amazon bid goes through, Amazon may also stand to gain from Flipkart led fashion e tailers, Jabong and Myntra, the Indian arm of e Bay as well as the financial technology company, PhonePe. Backed by several key investors and armed with a rapid growth strategy, Flipkart is one of the most viable e commerce platforms in the country.

There have been quite a few players interested in investing in Flipkart. Apart from Amazon and Walmart, Google had offered to invest in the Indian e commerce giant to the tune of $ 16 billion. It remains to be seen if Amazon can end the biggest e commerce battle in recent times. If the merge with Flipkart goes through, then the mark on the Indian retail space will definitely be set in stone for years to come!

Continue Reading
Advertisement
3 Comments

3 Comments

  1. code of destiny

    March 13, 2025 at 7:13 am

    Hello! Do you know if they make any plugins to assist with
    SEO? I’m trying to get my blog to rank for some targeted keywords but
    I’m not seeing very good success. If you know of any please share.

    Thanks! You can read similar art here: Change your life

  2. Amee

    March 27, 2025 at 3:12 am

    I’m really impressed along with your writing skills and also with the structure to your weblog. Is this a paid subject matter or did you customize it your self? Anyway keep up the excellent quality writing, it is uncommon to see a nice blog like this one these days. I like startupstories.in ! My is: Affilionaire.org

  3. Aurora

    March 27, 2025 at 3:41 pm

    I am really impressed along with your writing talents as smartly as with the structure for your weblog. Is that this a paid topic or did you modify it your self? Anyway stay up the nice quality writing, it is uncommon to look a nice blog like this one today. I like startupstories.in ! My is: Youtube Algorithm

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

Published

on

PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

Continue Reading

Latest News

Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

Published

on

Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

Continue Reading

Latest News

Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

Published

on

Flipkart - StartupStories

Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

Continue Reading
Advertisement

Recent Posts

Advertisement