Ecommerce
Purplle Secured Funding of INR 1,000 Cr and Launches ESOP
Purplle has secured a substantial funding boost of INR 1,000 crore from Abu Dhabi Investment Authority (ADIA) and other investors. This round of funding, which included both primary and secondary share sales, marks a significant milestone in Purplle’s growth journey. The company, however, has not disclosed the names of the other participating investors. Significant Funding […]
Flipkart Video Commerce Engages 75M Users in H1 2024 Success
Recently Flipkart has declared that its video commerce engages 75M users and mark a significant achievement. Engaging 75 million users in the first half of 2024, Flipkart’s video commerce become a game-changer in the e-commerce landscape. This article delves into the factors behind this success and explores the broader implications for the industry. Flipkart’s Engagement […]
Flipkart Launches super.money App: Fintech Innovation Unveiled
Flipkart which is a one of India leading e-commerce giants, has made a significant leap into the fintech world and launches super.money App. This app, currently in beta mode, marks Flipkart’s ambitious foray into financial services, aiming to revolutionize the way users manage their finances. Current Offerings: UPI Services Currently super.money app is providing UPI […]
Flipkart and PhonePe Near Profitability: Walmart CFO Optimistic
Flipkart and PhonePe, two major players in the Indian e-commerce and fintech sectors, are showing promising signs of profitability. According to Walmart CFO, improving losses and substantial growth in payment volumes are giving Walmart a lot of confidence in their financial future. This article delves into the financial outlook and strategic advancements of Flipkart and […]
Flipkart Stake Purchase Talks With Swiggy Denied by Startup
Recently in the tech industry, a report surfaced stating that Flipkart held discussions with Swiggy regarding a potential stake purchase. However, Swiggy has denied these claims. This article delves into the details of this report, the involved parties, and the current state of these discussions. Report on Flipkart and Swiggy Talks According to a report […]
CarTrade Shares Divested by The Investors: Impact Explained
In recent financial movements, CarTrade Shares Divested by significant players like Temasek, JP Morgan, and Warburg Pincus. The price of such divested shares are about amounting to a total of INR 535 crore. This move, which saw key transactions from Highdell Investment—a Warburg Pincus entity—and Temasek’s MacRitchie Investments, has garnered attention across the financial sector. […]