Tiger Global, Microsoft to fully exit Walmart-backed PhonePe via its IPO
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.
Walmart
Tiger Global and Microsoft to fully exit Walmart-backed PhonePe via its IPO
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 loses India tax case tied to Walmart-Flipkart deal in blow to offshore playbook
Tiger Global’s case in India is being closely watched by investors.
Wing to expand drone delivery to another 150 Walmart stores
The partnership will grow Wing’s drone delivery service to more than 270 Walmart stores by 2027.
Walmart-backed PhonePe winds down its Pincode app in yet another e-commerce step back
PhonePe has shut down its Pincode app over two years after its debut.
ChatGPT referrals to retailers’ apps increased 28% year-over-year, says report
ChatGPT referrals to retailers’ apps were up on Black Friday year-over-year, with Walmart and Amazon benefitting the most.
You’ll soon be able to shop Walmart from ChatGPT
Walmart is partnering with OpenAI to let shoppers buy products directly through ChatGPT. The new integration will allow users to link their Walmart accounts, browse items ,and instantly check out — all within the chatbot.
Flipkart’s Super.money quietly partners with troubled Juspay as it expands its reach
Super.money, the fintech arm of Flipkart, is looking to raise a round of funding at a $1 billion valuation, after securing $50 million from Flipkart to date.
India expands its e-commerce crackdown with a new $200M case against Walmart’s fashion arm Myntra
India’s financial crime watchdog filed a complaint against Walmart-backed Myntra, alleging the company violated foreign investment rules by channeling over $191 million through a related-party scheme.