Walmart has spent $3.5 billion this year to acquire shares from certain Flipkart stakeholders and resolve liabilities with some PhonePe shareholders, illustrating just how aggressively it’s betting on India at […]
Walmart
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Back to news homeWalmart pays $1.4 billion to buy Tiger Global’s remaining Flipkart stake
Walmart paid $1.4 billion to buy out Tiger Global’s remaining holding of Flipkart shares as the retail giant further expands its stake in the Indian e-commerce startup. The transaction took […]
Walmart-backed PhonePe set to challenge Google’s dominance with app store in India
Indian fintech giant PhonePe is preparing to launch a dedicated app store for Android users in India, the latest product push from the Walmart-backed firm that commands the mobile payments […]
Hands on with Walmart’s new (but buggy) ‘Text to Shop’ feature
Walmart recently introduced a new way to shop: via text. Last month, the retail giant launched its “Text to Shop” experience which allows mobile consumers across both iOS and Android […]
Amazon launches freight service Air in India
Amazon has launched Amazon Air, its dedicated air cargo fleet, in India as the e-commerce giant bulks up its logistics infrastructure in the key overseas market where it has deployed […]
Will Twitter, PayPal and Walmart compete to launch America’s super app?
Tim Harned Contributor Tim Harned is a managing director at Progress Partners. He has had an M&A and capital advisory career spanning more than 30 years making strategic transactions for […]
Walmart counters Amazon’s Prime Early Access Sale with its own fall deals event
Walmart is holding a “Rollbacks and More” sale event from October 10 to 13 to counter Amazon’s Prime Early Access Sale. Last week, Amazon announced that it’s holding a Prime […]
Walmart introduces virtual try-on tech which uses customers’ own photos to model the clothing
Walmart is expanding its support for AI-powered virtual try-on technology that allows online shoppers to better visualize clothing on models that look like themselves in both appearance and body type. […]
Marc Lore chews the fat about reinventing at-home dining at Disrupt
There’s no denying it — when it comes to e-commerce, Marc Lore delivers. The serial entrepreneur sold Quidsi, the parent company of Diapers.com, Soap.com and others, to Amazon in 2011 […]
Analysts estimate single digit growth for all retailers during Prime Day sales
Amazon’s annual sales event Prime Day delivered more than $12 billion in sales, according to third-party estimates. The retailer hosted the popular shopping event in the U.S. and in more […]