Friday, May 27, 2022
Science and Tech
Flipkart Wholesale plans to more than triple footprint by December
Aims to serve kiranas in close to 2,700 cities in India, enabling digital dividends for lakhs of small businesses
Flipkart raises $3.6 bn from GIC, SoftBank, Walmart, others
The investment values the Group at USD 37.6 billion (about Rs 2.79 lakh crore) post-money, Flipkart said in a statement.
Flipkart acquires AR firm Scapic to boost user experience
The Flipkart Group said it will acquire a 100 per cent stake in Scapic and welcomes onboard a talented team of experienced developers and designers.
Flipkart to invest in USPL
While the financial details of the investment were not disclosed, Flipkart said it will work closely with the USPL team to deepen product offerings on its platforms
Flipkart Group invests in youth-focused fashion brand USPL
This is a Series F funding for USPL from the Flipkart Group along with participation from existing investor Accel Partners.
Walmart, Flipkart Group make fresh investment in Ninjacart
This second round of funding comes at a time when Flipkart is focusing on growing its Supermart (grocery) and Flipkart Quick (hyperlocal business).
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