The Competition Commission of India (CCI) has conducted antitrust investigations, concluding that Amazon and Walmart’s Flipkart repeatedly violated local antitrust laws, while Samsung and Xiaomi colluded with them.
Google will acquire a minority stake in Walmart-backed Flipkart.
The Indian e-commerce marketplace Flipkart has launched a Unified Payments Interface (UPI) to expand its digital payment transaction offerings by adding an instant financial operations system popular in the South Asian country with an appropriate functional purpose.
Walmart bought out Tiger Global Management’s remaining stake in Flipkart, an Indian e-commerce company, for $1.4 billion.
This way, customers can have a visual 3D experience of products using Flipkart Camera
The investment values the Group at $37.6 billion post-money
The platform will provide opportunities to enterprising Indians to start their own online business with no upfront investment
Flipkart Wholesale app will now be available for fashion retailers across 7 cities in Bihar
The new QR-based payment facility is expected to further reinforce consumer trust in digital transactions
The deal closing will be subject to applicable regulatory approval
The partnership will bring 2,500 direct jobs and thousands of indirect jobs
Customers will be able to pay up to 100% of their bill value across 5000+ partner stores using only SuperCoins
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