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SoftBank Vision Fund may invest up to $2 b in Flipkart - Hindu Business Line

Reuters SoftBank Group is still in talks to invest in Flipkart through its Vision Fund. File Photo. Funding could boost the e-commerce firm's coffers to compete with Amazon. New Delhi, August 1: Japanese conglomerate SoftBank is looking at investing ...and more »

SoftBank May Fuel Up Flipkart With Massive $2 Bn Funding - Inc42 Media

SoftBank has given an indication to continue on its plans to invest in ecommerce firm Flipkart. Reportedly, the Japanese conglomerate will do the investment through its $100 Bn Vision Fund. The investment talks first began when SoftBank started pushing ...and more »

Flipkart Announces Billion-Brand to Sell 'Made-in-India' Products - NDTV

Flipkart is having another crack at differentiating its products from rivals' offerings. The company on Monday announced Billion, a new self-brand under which it will be selling a range of products made especially for the Indian market. A slew of ...and more »

Flipkart completes merger with eBay India - Oneindia

India's largest e-commerce marketplace Flipkart on Tuesday said that its merger with eBay India was complete. With the completion of this merger transaction, eBay.in is now officially a Flipkart Group Company. Flipkart completes merger with eBay India ...and more »

Amazon is expanding its delivery system; Your Flipkart order could be delivered by Amazon - Business Insider India

Amazon is expanding its logistics services and placing big bets on delivery services. The online marketplace wants to deliver products of registered sellers even if the orders are placed on its rivals sites such as Flipkart , Snapdeal , etc. Amazon ...and more »

SoftBank Vision Fund in talks to invest $2 billion in Flipkart - Business Standard (press release) (blog)

SoftBank Vision Fund, the $100-billion fund floated by SoftBank chief Masayoshi Son to invest in technology companies, is in talks with India's largest e-commerce marketplace, Flipkart, to invest $2 billion. Discussions between the two firms kicked off ...and more »

Snapdeal Idea Of Going 'Independent' To Hit Employees Hard, Over 80% To Be Handed Pink Slips - Inc42 Media

The Snapdeal founders have decided to give pink slips to about 80% of their employees. The news surfaced soon after the Snapdeal founders backed out from the merger deal with Flipkart. As per media reports, the company management has given “verbal ...and more »

How Kunal Bahl staved off once-ardent backer, the mighty SoftBank, in Snapdeal's latest pivot - FactorDaily

By Sunday, July 30, it was clear: Snapdeal's merger with bigger rival Flipkart, being pushed by the former's largest investor SoftBank, was not going through; Over just 12 months, Snapdeal's value sunk to $1 billion from $6.5 billion. Flipkart's best ...and more »

Snapdeal calling off sale may benefit Flipkart the most - Livemint

Just 11.7% of Indian smartphone users had Snapdeal's app installed at the end of June, according to estimates from KalaGato. Graphic: Ahmed Raza Khan/Mint. Bengaluru: Online marketplace Flipkart Ltd may benefit from the decision by smaller rival ...and more »

Snapdeal's woes lift Amazon's prospects of ascendancy in India - Financial Times

Kunal Bahl, co-founder of Snapdeal, did his best to strike an inspirational tone in an email to the struggling Indian ecommerce unicorn's remaining 1,200 staff on Monday. “The opportunity of ecommerce in India is immense, and the surface . . . has ...and more »