Startups see WalmartFlipkart deal as big booster

2 months ago
After going through funding winter in 2016 and a volatile investment environment in 2017, the WalmartFlipkart deal has brought warmth to the domestic startup universe. Arjun Zacharia, CEO at startup online store Wooplr, is seeing the $16million deal  ... ...

FlipkartWalmart deal: Tax dept grapples with Tiger Global's liability

2 months ago
Tiger Global is set to make over $3 billion from the $16billion WalmartFlipkart deal. Taxing the windfall the venture capital fund makes, however, is going to be tricky for India. With funds registered in Mauritius, Tiger Global has offices in ... ...

WalmartFlipkart $16 bn deal: All your important questions answered here

2 months ago
US retailer Walmart Inc said on Wednesday it will pay $16 billion for roughly 77 per cent stake in ecommerce firm Flipkart, as it competes with Amazon Inc in India, which is an important growth market. With the deal done, Flipkart cofounder Sachin ... ...

Walmart's Flipkart deal gets rude welcome from market, shares plunge 4%

2 months ago
Walmart Inc.'s deal to buy a controlling stake in India's biggest online seller is meeting skepticism on Wall Street. The world's largest retailer will acquire a 77 percent holding in Flipkart Group for $16 billion, the companies said earlier Wednesday ... ...

Flipkart will become Walmart today: Is that really good news for India?

2 months ago
When Carl Douglas McMillon, president and chief executive officer of Walmart Inc, arrives at the Embassy Tech Village headquarters of Flipkart in Bengaluru later on Wednesday to acquire India's firsttoabilliondollarsstartup, he will be accompanied ... ...

Will Walmart be liable to pay tax to Indian authorities after Flipkart buyout?

2 months ago
The largestever deal in India's booming ecommerce space is in its final leg. Flipkart, country's biggest etalier, has bought back over 1.8 million shares worth more than $350 million from minority investors, clearing the decks before its sale to ... ...

Walmart, Flipkart work on synergies; merger may result in common leadership

2 months ago
With just the formal signatures pending for a deal with Flipkart, Walmart has begun its search for real estate, mostly in Bengaluru, to have synergies with the ecommerce company headquartered there, sources said. The American retail major is looking ... ...

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