Google to Invest $350 Million in Flipkart, Valuing Firm at $37 Billion
Alphabet’s Google will pick up a minority stake worth $350 million in Walmart-backed Flipkart, valuing the Indian e-commerce firm at…
Xiaomi Plans to Boost Smartphone Sale in India as Samsung Struggles
China’s Xiaomi will focus on boosting its India sales from retail outlets after years of big bets on e-commerce, its…
Cybercriminals Send Bomb Threats to US Stores, Demand Bitcoin Payments
The last weekend of June turned out to be quite eventful for US law enforcement agencies after a series of…
PhonePe Raises Additional $100 Million Investment From General Atlantic
Decacorn fintech firm PhonePe on Monday said it has secured an additional $100 million (about Rs. 828 crore) investment from…
ONDC Expands Its Operations to 236 Cities, Claims CEO
The Indian government’s open e-commerce network ONDC has expanded its operations into 236 cities in the country while adding more…
Union Minister Invites Retailers Join ONDC to Reduce Big Tech Dominance
Commerce and Industry Minister Piyush Goyal on Tuesday invited all big and small retailers to join the government-promoted Open Network…
PhonePe Raises $100 Million From Investors During Ongoing Fundraise
Walmart-owned Indian payments firm PhonePe on Wednesday said it had raised an additional $100 million (roughly Rs. 820 crores) from…
PhonePe Launches Pincode App for Local Commerce on ONDC Network
Walmart-backed PhonePe on Tuesday announced its foray into local commerce with the launch of its consumer app Pincode, built on…
PhonePe Raises Further $200 Million From Walmart at $12 Billion Valuation
Indian digital payments firm PhonePe said on Friday it has raised $200 million (roughly Rs. 1,650 crore) from majority backer…
Tiger Global, Accel Mulling $1.5 Billion Flipkart Stake Sale to Walmart
Private equity firms Accel and Tiger Global, two early backers of Indian e-commerce firm Flipkart, are in talks to sell…