Mihir Dalal and Shrutika Verma
Stories by Mihir Dalal and Shrutika Verma
Ola, SoftBank in boardroom battle after cab-hailing firm CEO blocked deal
After CEO Aggarwal blocked the proposed deal, Tiger Global partner Lee Fixel resigned from Ola’s board.
India: Walmart may retain Flipkart top executives if deal goes through
Walmart is competing with rival Amazon to buy majority in Flipkart, which also owns Myntra, Jabong and PhonePe app.
SoftBank offers to buy Flipkart shares at up to $10b valuation
The price range values Flipkart slightly lower than the pre-money valuation it clinched in two funding rounds.
India: Amazon outsells Flipkart for second straight month
A key reason for the increase in sales at Amazon was its widely advertised three-day sale event called the Great Indian Sale. During the sale, Amazon
Uber deal tests Didi’s pact with Ola
As long as Didi owns shares in Ola, or for a period of two years after it sells its shares in Ola, Didi must not link up with any business that compet
India: As clock ticks, Flipkart races to achieve three key targets by September
Flipkart wants to generate monthly gross sales of Rs.3,700-3,800 crore, achieve a net promoter score of 55, and three, break even at the gross profit
Flipkart firms up plans to comply with India’s new e-commerce FDI norms
Flipkart identifies at least four large seller entities that will help it comply with norms on sales contribution and discounts
India: Uber vs Ola battle means windfall for drivers, riders
Cab-hailing service Uber India is again starting a price war as it looks to regain the initiative from Ola.
India: Ola in talks to raise up to $400m as battle with Uber grinds on
Ola’s fund-raising efforts come at a time when the company has regained the initiative from Uber in the race to dominate India’s booming cab haili
