Saritha Rai
Stories by Saritha Rai
Masayoshi Son steals Walmart’s thunder by confirming Flipkart deal ahead of announcement
“I think we announced it last night,” he said, during an investor call after his own company’s earnings. “If not, well then that means I’m j
Flipkart board said to have approved $15b deal with Walmart
SoftBank will sell all of the 20-plus percent stake it holds in Flipkart at a valuation of roughly $20 billion.
India’s Ola aims to roll out a million electric vehicles by 2021
Ola aims to build out an existing pilot project in the central Indian city of Nagpur, where its first electric vehicles have already travelled more th
India’s Flipkart said to favour Walmart over Amazon for stake sale
Walmart faces fewer regulatory hurdles because it has no online retail presence in the country now, while Amazon is the second-largest e-commerce play
India’s Bigbasket founders built a $950m empire using a trick or two from the dotcom era
In India where groceries account for half of the almost $1-trillion retail market, Bigbasket is using knowledge learned the hard way during the dotc
Walmart said to be nearing $7b deal with Flipkart in India
If completed, the deal may push the valuation of the homegrown startup to about $20 billion, up from about $12 billion last year.
WhatsApp dips toes into India’s digital payments market
At stake is an Indian digital payments market that Credit Suisse Group AG estimates could be worth $1 trillion within five years.
After conceding in China, Amazon really wants to win in India
Almost five years after opening for business there, Amazon is spending billions fighting a ground war with local rivals like Flipkart that know the te
Paytm to follow backer Alibaba’s footsteps with ‘new retail’ experiment
Paytm is introducing a co-branded brick-and-mortar store where customers can walk in, scan product bar codes, browse and make purchases via its mobile
Alibaba leads $300m funding in India’s online grocer Bigbasket
The round, joined by existing backers Abraaj Group and Bessemer Venture Partners, values Bigbasket at $950 million.
