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Flipkart – Walmart Deal: All The Latest Information

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Flipkart Walmart Deal,Flipkart Latest Information,Startup Stories,2018 Latest Business News,Startup News India,Entrepreneur Stories 2018,Ecommerce Startup Flipkart,Indian Startup Ecosystem,Walmart Buys Stake in Flipkart,Flipkart Business News,Flipkart Walmart Business

Three months ago reports surfaced the international retail giant Walmart was looking to invest in homegrown ecommerce startup Flipkart. While sources suggested the deal may close as soon as March, but new reports hinted Seattle based ecommerce giant Amazon.com was also looking to make a bid for a potential investment in the company. Since then, there has been a continuous back and forth between Walmart and Amazon to finalize a record breaking deal.

Recently, a number of key Flipkart shareholders agreed to sell their stakes in the company to Walmart. However, sources close to the development said SoftBank, which is the largest shareholder in Flipkart, is holding out for a better price. In order to become the largest investor in the Bengaluru based company, Walmart Inc., has already reached an agreement with the New York based investment firm Tiger Global Management, the South African media conglomerate Naspers, the venture capital firm Accel and China’s Tencent Holdings. According to The Economic Times, Sachin Bansal and Binny Bansal may sell a part of their stake in the company as well. However, a new hurdle in the form of the ecommerce firm eBay, may hamper the deal.

Recode reported, Walmart may have to first work out a deal with eBay, a Flipkart investor and partner, in order to buy a majority stake in India’s online shopping site. eBay, which invested close to $ 500 million in Flipkart last year, has a 5% stake in the business and handed over its eBay India operation as a part of the deal. Along with the investment, the San Jose based firm also signed a four year exclusive commercial arrangement to partner with Flipkart. The four year exclusive commercial arrangement gave the merchants who sell on Flipkart access to more than 150 million new customers from eBay, while eBay sellers outside of India got access to a new group of consumers inside the country. In accordance with this agreement, Walmart may not be able to seal merchandise based deals with Flipkart, unless Walmart and eBay come to some agreement. Recode further added, according to one person familiar with the arrangement eBay can also take back control of the eBay India brand name if Flipkart is acquired.

On the other hand, SoftBank has reportedly remained relatively cold to overtures made by Walmart. The Japan based venture firm invested close to $ 2.5 billion in Flipkart last year after the failed merger deal between Flipkart and Snapdeal. According to a report by The Economic Times, SoftBank was offered a $ 10-12 billion valuation to purchase its shares in Flipkart. One of the sources also said, “Discussions with SoftBank are still ongoing. Most of the others have come aboard. In a deal like this, there are always ebbs and flows, but there is a time factor to consider as well.

Flipkart has slowly grown to become one of the most valued company in the Indian startup ecosystem. With close to 8,000 permanent employees, the company has made at least 10 acquisitions in the 10 years of its existence. The firm managed to establish itself in the ecommerce industry by introducing the “cash on delivery” payment method, one of the biggest factors for its success.

 

Note: This article will be updated as and when we get further information.

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Swiggy Unveils Pyng: AI App Linking Users to Verified Pros

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Swiggy - StartupStories

Swiggy has launched Pyng, a new app aimed at connecting consumers with verified professionals across over 100 specializations, including yoga instructors, financial advisors, tutors, and event planners. Currently live in Bengaluru, Pyng uses AI to match users with trusted experts and offers a money-back guarantee for unsatisfactory services.

The app also provides professionals with tools to manage bookings, track payments, and schedule services efficiently. This marks Swiggy’s entry into the professional services marketplace, expanding beyond its core food delivery and quick commerce businesses. Pyng is available on both iOS and Android, with plans for a nationwide rollout.

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Eat Better Secures ₹17 Crore in Pre-Series A Funding

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Eat Better, a Jaipur-based D2C snacking brand, has raised ₹17 crore in a Pre-Series A funding round co-led by Prath Ventures and Spring Marketing Capital. Founded by Vidushi Kanoria, Mridula Kanoria, and Shaurya Kanoria in 2020, Eat Better specializes in healthy snacks like dry fruit ladoos and nuts.

Key Highlights:

  • Investment Use: Funds will expand Eat Better’s product line and enhance its presence on quick commerce platforms.
  • Market Position: Competes with brands like Happilo and Yoga Bar in the healthy snacking space.
  • Operational Milestones: Fulfills over 2 lakh orders monthly.
  • Financial Performance: Revenue grew nearly threefold to ₹14.47 crore in FY24, with a reduced net loss.

Market Opportunity:

The Indian food and beverages market is projected to reach $68 billion by 2030, positioning Eat Better favorably to capitalize on the demand for healthy snacks. With this funding, Eat Better aims to strengthen its market presence and product offerings.

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Outzidr Raises ₹30 Crore to Transform Gen Z Fashion

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Bengaluru-based D2C fashion startup Outzidr, co-founded by Nirmal Jain, Mani Kant Mani, and Justin Mario, has secured ₹30 crore in seed funding led by Stellaris Venture Partners, with participation from angel investors like Ramakant Sharma (Livspace) and Ghazal Alagh (Mamaearth).

Launched in February 2025, Outzidr targets Gen Z women aged 17–27 with affordable occasion-specific apparel such as partywear and travel outfits. The brand introduces over 2,000 new designs monthly and uses a “test-and-react” model to scale popular styles based on early sales data. With an agile inventory cycle of less than three weeks, it plans to shift 90% of manufacturing to India within two years for sustainability.

The funds will bolster supply chain efficiency, technology development, team expansion, and brand-building. Outzidr aims to achieve ₹100 crore annualized revenue within 6–8 months through its D2C platform and marketplaces like Myntra, Nykaa Fashion, and AJIO.

Led by industry veterans with expertise in fashion and logistics, Outzidr is poised to capitalize on India’s growing D2C market fueled by Gen Z’s demand for trendy and affordable fashion.

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