After selling a minority stake in Flipkart Internet to Walmart for about $1.1 billion, San Jose, CA-based eBay Inc., plans to relaunch its own operations in India. eBay ended its "current strategic relationship" with Flipkart including unwinding commercial agreements with the company and terminating Flipkart's license to use the eBay.in...
Amway India to Enhance Online Sales
Direct selling firm Amway India plans to strengthen its digital infrastructure to benefit from India's fast-growing e-commerce sales. Amway India CEO Anshu Budhraja said that in the next five years, the company will invest up to five million, which will be used to ensure that the company's "website stays relevant,...
Walmart Acquires 77% Stake in India's Flipkart
Bentonville, AR-based Walmart has acquired a 77% stake in Bangalore-based e-commerce company Flipkart for $16 billion. Walmart and Flipkart will remain separate brands with the goal of transitioning Flipkart to a publicly-listed, majority-owned subsidiary in the future. "India is one of the most attractive retail markets in the world, given...
Global, Indian Companies to Boost Smartphone Adoption in India
Google and India's telecom company Bharti Airtel have partnered to launch low-cost 4G smartphones powered by Android Go, a trimmed down version of Android 8.1 Oreo, in India. Noida-based Lava International Limited and New Delhi-based Micromax, will make the first set of 4G handsets powered by Android Go. Vani Venkatesh, chief...
Amazon India May Launch In-House Beauty Products
Amazon India has increased focus on the high margin cosmetics category and might be in talks with local manufacturers to launch Amazon branded personal care products in India, according to a report in the Economic Times, which has been widely re-circulated by others. India's online beauty and personal care market...
Amazon India to Launch Online Grocery Marketplace
With the Government of India's approval to invest $500 million in its food retail business, Amazon India will soon commence its online grocery and food retail division. Amazon has almost doubled its authorized capital to $4.74 billion matching its earlier capital commitment of $5 billion made in June, 2016. The...