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Google To Be A Part Of Walmart – Flipkart Deal

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The homegrown ecommerce site Flipkart garnered a lot of attention in the form of investments from international venture capital firms and conglomerates. The latest company in line to invest in the ecommerce startup is Google’s parent company Alphabet Inc.

According to a report by The Economic Times, people close to the matter said Alphabet Inc., would probably invest $1 billion to $ 2 billion in Flipkart post Walmart’s investment. This marks the second time Walmart would be partnering with Google. In 2017, the global retail giant partnered with the technology firm, to sell Walmart’s products on Google Express, the tech giant’s online mall which also offered personalized voice shopping for Walmart products online.

Walmart is looking to buy a 51% stake in Flipkart by the end of next week in an attempt to open another front in its escalating war with Amazon. Reports suggest Flipkart’s co founder Binny Bansal may also exit the company after the acquisition which is estimated to be at a valuation of $20 billion. Binny Bansal currently claims to own around 5.5% stake in the company he helped found 11 years ago. Sachin Bansal, on the other hand, will reportedly sell his stakes but hang around the firm in some yet to be specified role.

Along with the founders, the existing investors such as China’s Tencent Holdings and the US based Tiger Global Management will also partially exit the ecommerce firm post the initial round of investment. The Japanese major SoftBank which owns a 20.8% stake in the company may completely exit the firm during the first phase of investment, sources added. Accel Partners, South African media conglomerate Naspers and US based online marketplace eBay are the other significant shareholders of Flipkart.

Google has been on an India centric approach off late, introducing various portfolio products designed specifically for the Indian audience. The technology firm recently launched Google Home and Home Mini for the Indian market followed by Google Job Search feature. Google’s India strategy also includes the rolling out products such as smart speakers, premium laptop Pixelbook and intelligent home automation products. Reports also suggested the company is looking to make a mid range smartphone especially for markets such as India. According to Morgan Stanley, the Indian ecommerce market is expected to touch a market capitalization of $200 billion by 2026. This investment in Flipkart by Google would mark the tech firm’s foray into Indian ecommerce industry.

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Amazon India Launches At-Home Diagnostic Service, Expands Healthcare Ecosystem

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Amazon India has expanded its healthcare portfolio with the launch of Amazon Diagnostics, an at-home diagnostic testing service developed in partnership with Orange Health Labs. Now available in six major cities—Bengaluru, Delhi, Gurgaon, Noida, Mumbai, and Hyderabad—the service covers over 450 PIN codes and offers access to more than 800 diagnostic tests. Customers can book tests via the Amazon app, schedule home sample collection within 60 minutes, and receive digital reports for routine tests in as little as six hours, making healthcare more accessible and convenient than ever before.

This launch completes Amazon’s integrated healthcare suite in India, which already includes Amazon Pharmacy for medicines and Amazon Clinic for virtual doctor consultations. By bringing these services together under the Amazon Medical umbrella, the company enables a seamless outpatient journey—from doctor consultation to lab testing and medicine delivery—all managed through a single digital platform. The partnership with Orange Health Labs ensures high-quality, reliable diagnostics, supported by Amazon’s operational expertise and focus on customer trust.

Amazon’s entry into the $15 billion Indian diagnostics market signals a major shift in the country’s health-tech landscape, introducing new competition for established diagnostic players. Rather than competing solely on price, Amazon is prioritizing a seamless, trustworthy experience, aiming to address the growing demand for digital healthcare solutions and simplify access for millions of users across India.

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Bhavish Aggarwal’s Krutrim Unveils ‘Kruti’ — An Agentic AI Built for Bharat

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Bengaluru, June 2025 – Krutrim, the AI startup founded by Ola’s Bhavish Aggarwal, has launched its new agentic AI assistant, Kruti. Unlike traditional virtual assistants, Kruti is designed with an Indian-first approach — combining cultural context, multilingual capabilities, and generative AI to offer a more intuitive, task-oriented experience for users.

Kruti is built to do more than just respond to queries — it can independently perform tasks, make decisions, and integrate across platforms for productivity and communication. Powered by Krutrim’s proprietary Indian-trained language model, it brings a deep understanding of local languages and digital behaviors, catering to both personal and business needs in the Indian ecosystem.

Aggarwal described Kruti as “India’s digital brain,” highlighting its role in redefining AI for Bharat. The assistant will be rolled out in phases, starting with enterprise partners and expanding through apps and APIs. As Kruti integrates into various platforms — including Ola’s services — it marks a significant stride in India’s ambition to lead the global AI race.

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Bankruptcy Forces BYJU’S to Offload Epic and Tynker for a Fraction of Acquisition Cost

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BYJU’S, once India’s most celebrated edtech startup, has sold its major US-based subsidiaries Epic and Tynker for a fraction of their original purchase prices, marking a dramatic reversal in its global expansion strategy. The distressed sales, approved by a US bankruptcy court on May 20, 2025, come amid the company’s ongoing financial and legal turmoil. Tynker, a coding education platform acquired by BYJU’S in 2021 for $200 million, was sold to CodeHS for just $2.2 million in cash, while Epic, a digital reading platform bought for $500 million in 2022, was acquired by China’s TAL Education Group for $95 million.

These fire-sale transactions were part of a broader restructuring effort to address disputes with lenders after BYJU’S defaulted on a $1.2 billion loan, which triggered bankruptcy proceedings for its US entities. The company’s US unit, Byju’s Alpha, became the focal point of legal battles, including allegations of mismanagement and the misappropriation of funds by top executives. Court rulings in the US have highlighted instances of fraudulent transfers and breaches of fiduciary duty by suspended directors, further compounding BYJU’S woes.

As BYJU’S scrambles to stabilize its core operations, several of its other high-profile acquisitions, such as Great Learning and Aakash Institute, have started operating independently and distancing themselves from the parent company. The massive losses from the sales of Epic and Tynker underscore the risks of BYJU’S aggressive acquisition spree and the severe impact of its financial mismanagement, leaving the future of the once high-flying edtech giant in question.

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