Walmart Puts In $1.2 Billion In Flipkart At A Valuation Of $24.2 Billion
Many had questioned Walmart’s decision to acquire a majority stake in Flipkart at a valuation of $21 billion in 2018, but the decision…
Category: Stories
After Facebook’s Investment In Jio, Google Announces $10 Billion Indian Fund
After emerging as a proxy battlefield for American e-commerce companies — Amazon and Walmart currently own India’s two biggest e-commerce players — India is…
Nykaa Comes Under Fire For Exposé On Toxic Work Culture And Employee Bullying By CXOs
Online cosmetics and beauty products retailer Nykaa has come under social media fire for verbal harassment and employee bullying at the hands of…
Zomato, Ixigo Reinstate Employee Salaries As Firms Look To Recover From Covid Setback
Startups across the board had cut employee salaries as the Covid crisis had hit and business outlook had looked uncertain, but some of…
We Are Willing To Buy Back China’s Tencent’s Investment In PolicyBazaar: CEO Yashish Dahiya
An Indian unicorn with a significant Chinese investment has just set the bar for the Boycott China movement, which is quickly spreading across…
Flipkart Buys Significant Minority Stake In Flying Machine Parent For Rs. 260 Crore
After Amazon had bought a stake in Shoppers Stop in 2018, Flipkart has gone ahead and acquired a minority stake in a fashion…
Instagram Launches Reels, Gaana Launches HotShots To Fill The Void Left By TikTok
Large brands are scrambling to fill in the void created by the ban of Chinese short video application TikTok. Just today, both Facebook…
Art Of Living’s Social Network Elyments Gets 1 Million Downloads Within 3 Days Of Its Launch
Even as Chinese apps have been shunted off app stores, Indian apps are quickly coming in to try to take their place. The…
Uber Permanently Shuts Down Its Mumbai Office Months After Laying Off 600 Employees
After the news of the layoffs, the news of offices being shut has started streaming in too. Uber has decided to permanently shut…