Walmart is in talks to purchase a stake of more than 40% in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com Inc in Asia's third-largest economy, two sources familiar with the matter said on Friday.
Walmart Inc is in talks to purchase a stake of more than 40 percent in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com in Asia’s third-largest economy, two sources familiar with the matter said.
Mojostar is a step closer to achieving its goal of launching retail brands in India by collaborating with celebrities, as talks with investors to raise Rs 64 crore (approx $10 million) are likely to succeed.
Some early Flipkart investors, employees and ex-employees are selling their shares as part of a $2.5 billion investment deal agreed with Japan’s SoftBank Group, two people familiar with the matter said on Thursday.
Indian resources conglomerates Adani and Vedanta are considering bidding for a $9 billion diamond project in the country that was abandoned by global miner Rio Tinto this year, according to multiple sources.
Japan’s Onitsuka Tiger, the lifestyle brand by sportswear giant Asics is aiming to achieve a sizeable growth by increasing its store count and will add 3 stores a year in tier I cities, said a top company official.
Meituan-Dianping on Thursday said it has raised $4bln in a funding round that values China's largest on-demand services provider at $30bln, a strategy to compete with the country's leading e-tail firms in offline retail.