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Ahead of 'Flipmart', India to Produce Home grown Internet Giants

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Recently, we witnessed US retail giant Walmart acquiring a 77% stake in India’s largest ecommerce player, Flipkart. The deal, which is the largest ecommerce M&A transaction in the world, has received mixed responses from various parts of the country. While some call it a huge success for the home-grown Flipkart, others call it another Indian startup who surrendered itself to the gigantic US investors. With this deal, Indian e-commerce market will now look like an arena in which two American players, Amazon and Walmart, will be fighting and deals, discounts, Flipkart Coupons be a part of it. But despite this, one thing that has been made clear is that India has the potential of creating internet companies which can grab the attention of everyone in the world, and not just Indians. In recent times, we have seen some home grown companies like Paytm, Jio, Ola, Uber and of course Flipkart making it big and grabbing the attention of global investors. These big ticket inve

Nokia 7 Plus to be Sold Exclusively on Amazon? Rumour or Truth?

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As per recent reports, an event has been scheduled by HMD on April 4, 2018, in India. HMD has given hints that in this event, they will launch or talk about Android One phones in the market. A twitter user @IshanAgarwal24 has been in the limelight for this news as he has gathered up information from somewhere that the new Nokia 7 Plus will be available exclusively on Amazon for sale. There is a poster taking rounds on the internet which is claimed to be designed by this user and the poster shows that Nokia 7 Plus is an Amazon Exclusive product in India. The phone will be sold during flash sales. There might be other Nokia phones too which will be covered in the event like Nokia 6 (2018) and Nokia 8 Sirocco but there is no news about them being exclusively available on Amazon. However, the original Nokia 6 was launched exclusively on Flipkart Offers . This time, the wind seems to have blown towards its rival giant, Amazon. It has not been confirmed by any of the official au

Fashion Enthusiasts to Choose Flipkart over Myntra and Jabong for Shopping?

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Flipkart is one of the most popular e-commerce websites of India. The fashion department of Flipkart has always been rivaled by Myntra and Jabong, two other top fashion brands providers. But, recently due its top notch deals and authentic products and better customer relations, Flipkart beat the mentioned two in the fashion category. The superiority of the e-commerce giant in the mentioned genre has become clearer because of a recent announcement done by Flipkart, where it has been officially stated by it that it has earned revenue greater than $1 billion in fashion category. According to the latest statistics if this news is true then Myntra and Jabong are already trailing by a whopping amount of $1.2 billion GMV combined of both of them. According to Flipkart, it has witnessed an increase in growth of 35 % in case of fashion category in the market. They also mentioned that they believe the main reasons behind their this successful growth rate are – Their exclusive range o

Amazon Turns Tables Around; In Talks to Acquire Its Competitor- Flipkart

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Flipkart Offers  is in talks with Walmart one of the biggest US giant for over 2 months now, but the negotiation on share prices is still consistent. Walmart had proposed to acquire a 21% to 51% stake in the company. However, Amazon has turned the table around by proposing to acquire one its biggest rival and competitor in India ‘Flipkart’. If reports are to believed Amazon has also initiated talks with Flipkart few weeks ago. Wal-Mart had proposed to do the acquisition by a mix of primary and secondary shares and the estimated valuation amount was around $ 10 to 12 billion. However, investors of Flipkart expect the valuation to be around $20 to 22 billion. This seems to be the major reason why Flipkart is now considering deals from other potential acquirers like Amazon India. The talks have already begun between Amazon and Flipkart but nothing has progressed as such. Amazon has offered a breakup fee of around $1 billion to $2 billion to Flipkart and on the other hand, Flipkart

CureFit's New Set of Investors Include Flipkart's Binny Bansal and Myntra's Ananth Narayanan

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The health and fitness program founded by former Flipkart executive Ankit Nagori and Myntra co-founder Mukesh Bansal, CureFit, was funded Rs. 4.18 crore in a recent funding round. This was raised by CureFit Healthcare Private Limited, which is the body that operates the health solutions startup CureFit. Among the investors were two new persons as reported by the Economic Times. These investors who were backing the firm were Myntra Chief Executive Ananth Narayanan and Flipkart's co-founder Binny Bansal. The last time CureFit raised funds was in August 2017 in a Series B round where it raised a secure fund of 25 million dollars. This funding was raised by existing investors of the firm which include Accel Partners, IDG Ventures, Kalaari Capital and UC-RNT Fund. The UC-RNT Fund is a joint venture between Ratan Tata’s RNT Associates and the University of California. This organization invested in CureFit for 3 million dollars in a fresh funding round taken up in April-May, 201

Flipkart winning the race in online smartphone sales in India

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The growth of online retail market has been steady for the past few months. Smartphones are the top selling products in the Indian e-commerce portals and Flipkart stands ahead of its competitors in mobile sales. If we consider the analysis made by Counterpoint Research about the online mobile sales in India, during 2017, Flipkart Offers leads the table with more than 50% of the total mobile sales happening through it. The second and third position were occupied by Amazon and Mi.com (Xiaomi website) with market shares of 33% and 10% respectively. Even though Flipkart had overall lead in mobile sales, when we see sales based on mobile costs, Amazon had sold more mobiles in the premium category. Amazon led by Jeff Bezos, had shipped more than 63% of mobiles belonging to the premium category. This was partly due to its sales of OnePlus and Apple devices. Flipkart had less than 33% sales in the premium mobile segment. Xiaomi, Samsung, Lenovo, Apple and OnePlus constituted t