Page 51 - Flipkart

Flipkart's Bansals are officially out of the billionaire club

Net worth may have dropped to $870 mn after Flipkart's latest funding

E-commerce wars: Flipkart gets $1.4-billion war chest to take on Amazon

Flipkart will acquire the India unit of eBay Inc which will continue to be independent.

To counter Amazon, Flipkart to re-enter grocery segment

Flipkart closed the business in its earlier stint following a weak response

Flipkart harnesses 10-year data to build AI platform for sales prediction

As India's largest e-commerce marketplace Flipkart closes in on completing a decade in the business, it is looking to put its mammoth pile of data to use to predict sales of products months in advance.The company is working on an Artificial Intelligence (AI) solution that will give it an edge over rivals by helping it make smarter decisions in ordering, distribution and pricing products on its platform. Ultimately the AI system will allow Flipkart to boost efficiency and reduce the cost of products for customers."We (Flipkart) are trying to predict how many units of what we will sell. This is a very complex thing that is dependent on a variety of inputs such as the price, discount or if an event such as Diwali or Christmas is coming up," said Krishnendu Chaudhury, Principal Scientist and Head of Image Sciences at Flipkart.While rival Amazon, which has around a 10 year head start over Flipkart, is known to have some of the most advanced sales prediction engines, the Indian company has .

Now, Visa debit card users can get instant refund from Flipkart: Here's how

If you buy from Flipkart using a Visa card, you can instantly get a refund on returning the product

Flipkart bets on exclusive smartphone deals, cashbacks to fight competition

Turns its attention towards higher-priced phones to improve margins

Tiger Global sinks teeth into Flipkart, Snapdeal merger

Softbank is planning to invest up to $1.5 billion in the combined entity for a 15 per cent stake

Flipkart to hire 1,200 people in 2017: Start-up sector to get a boost

Loss of investor confidence in Flipkart last year sparked off a chain reaction in startup sector

Flipkart gets $1 bn from Tencent, Microsoft; eyes another $500 mn from eBay

India's largest e-commerce marketplace Flipkart has closed a $1 billion funding round with backing from Chinese Internet giant Tencent and participation from Microsoft, just two months after former Tiger Global executive Kalyan Krishnamurthy took over as CEO of the company.This latest round of funding brings down the valuation of India's most highly valued startup to $11 billion from a previous high of $15 billion according to sources close to the development. While the round has been completed, the company has so far not disclosed any details on the investment.Flipkart declined to comment on "market speculations" citing company policy.Apart from the $1 billion, Flipkart is also looking at an additional $500 million investment from eBay which is in talks to merge its India entity with the company and exit the business. The investments will give Flipkart the firepower it needs to take on a fast-growing Amazon and also a potential entry into the peer-to-peer e-commerce market. Amazon ...

eBay, Tencent may pick up stake in Flipkart for $1 billion

Even with the $1 billion cash infusion, it isn't clear if Flipkart will step up discounting

Flipkart unveils buyback programme ahead of Moto G5 Plus launch

Moto G5 Plus smartphone will be launched on Thursday

Flipkart to team up with Facebook to make its app and website lighter for smartphone users

Flipkart wants to widen its reach among those who consume less data & don't update their apps often

Flipkart looking to raise $1 billion in latest funding round: Source

Flipkart's biggest investor is US hedge fund Tiger Global

Flipkart in talks to raise about $800 mn

The funding, however, would come at a much lower valuation of about $8-9 bn, say sources

Flipkart's Bansals no more billionaires, Patanjali's Bala now worth $3.6 bn

Divyank Turakhia is the youngest billionaire on the Hurun Rich List, with wealth of $1.2 billion

Row over private labels:Flipkart, Amazon face vendors' ire for low sales

The AIOVA alleges discrimination by e-commerce firms with private labels

Flipkart bucks the trend, says will hire 20-30% more people this year

Last month, SoftBank-backed Snapdeal laid off some 600 people

Flipkart cuts commission to retain sellers against Alibaba-led Paytm Mall

Seeks to cut biz costs by 10% for sellers across 24 verticals, by slashing fees and delivery charges

Morgan Stanley again cuts Flipkart valuation by 3%

US-based mutual fund Morgan Stanley has marked down the value of its investment in India's largest e-commerce marketplace Flipkart by a further 3 per cent in the quarter that ended December 31.The markdown comes despite Flipkart's strong comeback during the festive season where it outperformed rival Amazon by a large margin. The exercise also hurts the company's ability to woo investors to offer it fresh funding at its peak valuation of $ 15.2 billion.Morgan Stanley valued each of its shares in Flipkart at $50.50 for the three months that ended December 31, down from $142.24 per share in June 2015. That effectively reduces the valuation of Flipkart by two thirds to $5.39 billion from a peak of $15.2 billion when it last raised funding.This is the sixth consecutive markdown in the valuation of Flipkart by Morgan Stanley, and follows a markdown of 38 per cent by the US firm in the previous quarter. Mutual fund investors Fidelity and Valic have also joined Morgan Stanley in marking down .

Flipkart switches to Microsoft to power its cloud as Nadella woos start-ups

Flipkart is struggling to raise fresh funds in order to battle Amazon in India