Walmart-backed Flipkart expands quick-commerce push as Amazon ramps up in India
Walmart-backed Flipkart has crossed 1,000 micro-fulfillment centers as Amazon accelerates its own quick-commerce push in India.
Walmart-backed Flipkart has crossed 1,000 micro-fulfillment centers as Amazon accelerates its own quick-commerce push in India.
Flipkart’s ongoing expansion beyond major cities and heavy discounting is raising risks for India’s quick commerce startups, analysts say.
Tiger Global and Microsoft are offering up their full stakes in the company, while Walmart is choosing to retain its majority stake, and selling up to 45.9 million shares.
Tiger Global and Microsoft are offering up their full stakes in the company, while Walmart is choosing to retain its majority stake and selling up to 45.9 million shares.
Tiger Global’s case in India is being closely watched by investors.
Meesho heads for India’s first big e-commerce IPO next week.
India is restructuring its gig economy with a new labor law, but much more is needed before gig workers see real benefits.
The partnership aims to issue about 2 million fixed-deposit-backed credit cards in the next 12 months.