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Walmart acquires Tiger Global's stake in Flipkart for $1.4 billion
The e-commerce firm Flipkart was valued at 37.6 billion during the last funding round in 2021
Walmart looking at sourcing toys, shoes, bicycles from India
The company also wants to develop new suppliers in categories such as food, pharmaceuticals, consumables, health and wellness, and apparel and home...
Walmart CEO lauds India’s unique ecosystem of suppliers
Says they will help us export $10 bn worth goods from country by 2027
Indian suppliers to help us export $10 bn worth goods from country by...
India's ecosystem of suppliers will help drive Walmart's goal of exporting goods worth $10 billion annually from the country by 2027, the company's...
Walmart laying off hundreds of employees to prepare for future needs...
Retail giant Walmart is laying off hundreds of employees at its e-commerce facilities across the US as part of an adjustment in staffing "to better...
China-linked Temu becomes most downloaded shopping app in the US
In the fourth quarter of last year, US app installations for Temu exceeded those for Amazon, Walmart
PhonePe raises $350 mn at $12-bn valuation
Latest round marks first tranche of $1-bn total fundraise that commenced in Jan 2023; Walmart-owned digital payments app will deploy new funds in...
Billionaires adding $2.7 billion a day globally
India’s richest 1% own over 40% of total wealth; During the pandemic and cost-of-living crisis years since 2020, $26 trn (63%) of all new wealth was...