Search results for: “flipkart”
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Flipkart All Set To Acquire Snapdeal For $1 Billion
Finally, Nexus Venture Partners have agreed on the sale of Snapdeal to Flipkart. Though Snapdeal founders and Kalaari Capital had given a go-ahead sign for the merger. Nexus Venture Partners was not in agreement over the valuation. Once valued at $6.5 Billion, Snapdeal now is about to be sold at a mere $1 Billion valuation.…
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Flipkart Appoints Kalyan Krishnamurthy As New CEO; Binny Bansal Takes Over As Group CEO
Former Tiger Global executive Kalyan Krishnamurthy has been named as new CEO of Flipkart in a management restructuring at India’s largest online retailer, with current CEO Binny Bansal moving up to Group CEO. Krishnamurthy had joined Flipkart in June 2016 as head of commerce unit from Tiger Global. Tiger Global is the largest shareholder and…
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Flipkart Big Billion Day 2016 Trolls & Comments
Every time Flipkart conducted its Big Billion Day sale; was targeted by customers for increasing prices of the products and discounted products are always out of stock. The third Flipkart Big Billion Day sale has just started and trolls and hatred comments are already coming in. If you’ve missed our Flipkart Big Billion Day 2014…
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Snapdeal Launches Snapdeal Gold To Battle Against Flipkart First & Amazon Prime
To battle the war against rivals Amazon and Flipkart, e-commerce company Snapdeal on Monday announced the launch of its premium services called Snapdeal Gold. With the Snapdeal Gold service the company will provide services like free shipping, free upgrade to next-day-delivery and extended purchase protection. According to Snapdeal, all orders paid through Net Banking, Credit Card,…
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Flipkart Owned Myntra Buys Majority Stake In Hrithik Roshan’s Brand HRX
In a statement by Myntra, the Flipkart-owned company has acquired majority stake in HRX, the active lifestyle brand co-owned by Bollywood actor Hrithik Roshan, and Exceed Entertainment. While the financial details of the transaction are not disclosed, sources familiar with the development said Myntra acquired a 51% stake. In an emailed statement, Myntra said: “Myntra…
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Flipkart Is Now Valued At $15.2 Billion, Says The Company
The major Indian e-commerce company FlipKart for the first time has confirmed its valuation at $15.2 Billion. The valuation is based on the recent funding round of $700 Million raised from undisclosed investors. It is still unclear whether or not FlipKart’s existing investors have led the fresh funding round or it has new investors on…
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Amazon Beats Flipkart And Snapdeal In Terms Of Most Visited E-commerce Website In India
The battle between the e-commerce players in India continues, this time for the highest monthly unique visitors. Not to a great surprise, Amazon India has surpassed homegrown Flipkart and Snapdeal in measures of the monthly unique visitors. According to the data by Internet analytics firm comScore Data, Amazon leads the list with a monthly unique…