Today, India is the third largest startup ecosystem in the world with the number of startups at 7,500 in 2018, a growth or 15 percent from 2017, with at least 27 of India's startups gaining unicorn status since 2014 -- most of them in 2018 or 2019,according to trade body...
Wal-Mart May Join Forces with India's Flipkart
The Hindu reports that Wal-Mart Stores Inc is negotiating a minority stake in Flipkart, the e-commerce retailer in India, in which it is looking to invest between $750 million and $1 billion. Flipkart has been valued at about $11.5 billion, media reported last month, citing a U.S. regulatory filing from...
In India, Wal-Mart Goes Wholesale
Two years after scrapping plans to open retail outlets across the world's second-biggest consumer market, Wal-Mart plans on becoming a major wholesaler in India. Last year it appointed Krish Iyer, as its new chief executive in India as it shifted its focus to the country's $300-billion wholesale industry. Since there...
Wal-Mart Is Clearing a Wider Passage to India
After a two-year hiatus, Wal-Mart, the $476-billion Bentonville, Arkansas chain, is getting ready to open its 21st store in India. The new store will be located in Agra, home to the Taj Mahal, in November 2015, Bloomberg reported citing two people familiar with the matter. Wal-Mart is also considering opening...
Wal-mart India R&D center to grow to 200 by year-end
Wal-mart, the world’s largest retailer, said that it would have 200 research and development engineers at the @WalmartLabs Center in Bangalore. In November last year, the company had announced plans to set up an R&D center in Bangalore, responsible for creating the next generation products and platforms for Walmart’s e-Commerce...
In Mumbai, Sanchez presses India on retail and more
Francisco Sanchez, US Under-secretary of Commerce for international trade, said that Washington wants a removal of India’s ban on foreign investment in multi-brand retailers, which prevents Wal-mart and other international retailers from opening stores for Indian consumers. He asserted that permitting greater foreign entry into the retail sector would improve...