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BUSY INFOTECH
Area Sales Manager - Amritsar / Ambala / Shimla
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PUMA
Manager- Supply Planning
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PUMA
Senior Manager - Performance Marketing- Marketplac…
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SURYA FOOD AGRO LTD
Production Manager
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SHYAM STEEL INDUSTRIES
Require Area Sales Manager For Different Locations at Bihar
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PINKODE REALTY LLP
Hiring For Asm/Sales Managers
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FRQ BRO
Area Sales Manager - Oppo
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Area Business Manager
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MTC BUSINESS
Production Manager | Khopoli
Permanent · Khopoli
UGRAYA FOODS
Production Manager || Agartala (Tripura)
Permanent · Agartala
RELIANCE RETAIL
Area Sales Manager - Reliance Digital (Multiple Locations)
Permanent · Thiruvananthapuram
SOSYO HAJOORI BEVERAGES PRIVATE LIMITED
Zonal Sales Manager/Area Sales Manager
Permanent · Pune
ALDER BIOCHEM PRIVATE LIMITED
Area Business Manager (Only For Generic Division)
Permanent · Varanasi
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Asst. Manager Quality / Quality Line Officer- Garments Industry
Permanent · Bhiwandi
ACTIVEWEAR & TECHNICAL TEXTILE DIVISION (KUDU KNIT PROCESS PVT LTD - UNIT-III, LDH
Merchandising Manager (Activewear)
Permanent · Ludhiana
GOKALDAS EXPORTS
Executive / sr. Executive / Manager - Maintenance / Utility
Permanent · Bhopal
PAYSWIFT TECHNOLOGY PVT LTD
Area Sales Manager
Permanent · Kolkata
DODLA DAIRY
Area Sales Manager -Hyderabad , Nalgonda, Mahbubnagar
Permanent · Nalgonda
GOKALDAS EXPORTS
Manager - Operations - (Garments Background)
Permanent · Bhopal
By
Reuters
Published
Jul 12, 2021
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Walmart's Flipkart raises fresh funds for $38 billion valuation as IPO looms

By
Reuters
Published
Jul 12, 2021

Walmart Inc-owned Flipkart on Monday ushered back SoftBank Group Corp as an investor in a $3.6 billion funding round, doubling the Indian online retailer's valuation to $37.6 billion in less than three years and ahead of its expected market debut.




The U.S. retail giant bought a 77% stake in Flipkart for $16 billion in 2018 and since then has expanded to small towns and cities, added more items such as furniture and grocery to its online store and increased its warehouses in its race with Amazon.com's  India unit.

The Bengaluru-based company is aiming for a $50 billion valuation for its public listing as early as this year and was in talks in the United States for a deal with a blank-check firm, Reuters reported in March.

About $800 million of the latest funding came from the Canada Pension Plan Investment Board. GIC, SoftBank Vision Fund 2 and Walmart were also among the lead investors.

"SoftBank's re-investment in Flipkart is driven by our experience with and conviction in the company's management team to continue addressing the needs of the Indian consumer in the decades to come," Lydia Jett, partner at SoftBank Investment Advisers, said.
SoftBank had sold its roughly 20% stake to Walmart as part of the 2018 deal.

Like Amazon, Flipkart began by selling books but diversified rapidly into selling smartphones, clothing and other items. It has benefited from India's rapid smartphone adoption and cheap mobile data that helped propel growth at digital startups.

The new capital will be used to expand operations and invest further in the company's grocery, fashion and last-mile delivery programs, Flipkart said, adding it currently has more than 350 million registered users.

 

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