Mahindra Logistics Limited, one of India’s largest integrated third-party logistics service providers, has announced a strategic collaboration with Flipkart, the Indian e-commerce giant. This partnership aims to boost operational efficiency, foster innovation, and elevate standards in the Indian e-commerce sector through integrated line haul solutions. Integrated Line Haul Solutions for Operational Excellence Mahindra Logistics will […]
Indian e-commerce giant Flipkart has forged a strategic alliance with Axis Bank, one of the nation’s leading private sector banks, to provide personal loans to its customers. This collaboration is set to extend additional advantages and convenience to Flipkart’s customer base of around 450 million. The newly unveiled personal loan service presents competitive loan options, […]
Indian fintech platform PhonePe has secured an additional $100 million in funding at a $12 billion valuation, as part of the company’s target to raise up to $1 billion in capital. The latest funding, which follows the recent $350 million primary investment from General Atlantic, takes the total funding to $450 million. The new investment […]
Indian e-commerce firm Flipkart has forayed into the healthcare sector with the launch of Flipkart Health+, while signing agreements to acquire a majority stake in Sastasundar Marketplace, the owner of SastaSundar.com, an online pharmacy and digital healthcare platform. The financial terms of the stake acquisition were not revealed. SastaSundar.com has a healthcare and pharmacy platform […]
The Adani Group said that it is investing in Indian online travel aggregator (OTA) Cleartrip Private Limited, a part of the Flipkart Group. As part of the undisclosed investment, the Indian conglomerate will acquire a significant minority stake in the travel booking app. By acquiring the stake, it is expected that the Adani Group and […]
Total Transport Systems, a cargo forwarding, consolidation, and deconsolidation provider, has been granted 50 new stations from Indian e-commerce giant Flipkart as its outsourced delivery hub (ODH). According to Total Transport Systems, Flipkart delivers the shipments at small delivery hubs owned and operated by vendors, who in turn deliver them directly to the customers as […]
BLS International, an outsourcing service provider for government and diplomatic missions around the world, has joined forces with Flipkart to offer last mile delivery services across India. The company is said to work with more than 46 client governments, which include diplomatic missions, consulates, embassies. BLS International claims to utilize technology and processes for ensuring […]
Dabur India has expanded its Vatika products range by launching ‘Dabur Vatika Select’ range of shampoos. Dabur Vatika Select has been initially rolled out on e-commerce platform Flipkart. It will be shortly launched across regular retailers. There are four products in the new Dabur Vatika Select premium shampoo range, which are Coconut Milk Extract shampoo, […]
Indian e-commerce company Flipkart said that it will carry out a partial spin-off of Indian payment app PhonePe. Founded nearly four years ago, PhonePe is said to have surpassed 250 million registered users, with more than 100 million monthly active users (MAU) generating almost a billion digital payment transactions in October 2020. Flipkart said that […]
Flipkart acquisition of Walmart India : Indian e-commerce company The Flipkart Group has acquired a 100% stake in Wal-Mart India (Walmart India) from US retail giant Walmart for an undisclosed price. The acquisition is part of Flipkart’s plan to transform the kirana retail ecosystem through the launch of a new digital marketplace called Flipkart Wholesale. […]
