Flipkart - Asia Tech Wire

Flipkart

2024.12.09

09:10

Walmart's Indian e-commerce company Flipkart may go public as soon as next year

According to the Economic Times of India, people familiar with the matter said that Flipkart, an Indian e-commerce company under Walmart, is preparing for an IPO at the end of next year or in the first quarter of 2026. It is reported that it has obtained internal approval to move the company's registered place from Singapore to India. (Cailian News Agency)

2024.09.13

09:29

India probe finds Amazon, Walmart's Flipkart violating antitrust laws, report says

Asia Tech Wire (Sep 13) -- An Indian antitrust investigation has found that Amazon and Walmart's Flipkart violated local competition laws by giving preferential treatment to specific sellers on their shopping sites, according to Reuters.

2022.04.08

07:24

Walmart's Flipkart plans US IPO in 2023

Asian Tech Press (Apr. 8) -- Walmart's Indian e-commerce company Flipkart plans a U.S. IPO in 2023, according to Reuters.

2021.08.09

07:47

India's top court upholds antitrust probe into Amazon, Walmart's Flipkart

NEW DELHI, Aug 9 (Reuters) - India's Supreme Court ruled on Monday that antitrust investigations into business practices of Amazon.com Inc and Walmart's Flipkart must continue, in a setback for the two e-commerce giants who had urged the court to put them on hold.

2021.08.06

05:01

Amazon, Flipkart, BigBasket vigorously promote electric delivery vans in India

The Indian government wants to boost the popularity of electric vehicles (EVs) to bring down the number of fuel vehicles on roads, and delivery fleets of e-commerce companies can play an essential role in this process. E-commerce companies such as BigBasket, Amazon, and Flipkart are working hard to find electric vans so that they can achieve their respective goals of electrifying their delivery fleets.

2021.08.05

04:43

Walmart's Flipkart and its founders may face a $1.35 billion fine

According to three people familiar with the matter and a government agency, India's Financial Crimes Agency has reportedly asked Walmart-owned Flipkart and its founders to explain why they should not face a $1.35 billion penalty for allegedly violating foreign investment laws official.

2021.07.28

12:08

Amazon files appeal against antitrust probe at India's Supreme Court after Flipkart

NEW DELHI (Reuters) - Amazon.com Inc on Wednesday filed an appeal with India's top court against a state court's order that allowed an antitrust probe against the U.S. firm and Walmart's Flipkart to continue, according to source and court listings.

07:13

Walmart's Flipkart Appeals to India's Supreme Court to Drop Antitrust Probe

According to three people familiar with the matter, Walmart's Indian e-commerce platform Flipkart has reportedly appealed to India's Supreme Court against a district court ruling that allowed an antitrust investigation against Flipkart and Amazon to proceed.

2021.07.23

06:58

India court dismisses Amazon, Flipkart plea against antitrust probe

MUMBAI (Reuters) - An Indian court on Friday dismissed an appeal by Amazon.com Inc and Walmart's Flipkart that sought to stall an an antitrust investigation into their business practices - a major setback for the companies.

2021.07.19

03:34

Walmart's Flipkart requests Indian antitrust probe should treat it unlike Amazon

Asian Tech Press -- Walmart's Flipkart has requested to be treated in an antitrust probe in India unlike Amazon, according to Reuters.

2021.07.12

08:54

Walmart's Flipkart closes funding at $37.6 billion valuation

Walmart's Indian e-commerce company Flipkart has raised $3.6 billion in a new round of funding, closing its latest round at a valuation of about $37.6 billion.

2021.06.24

14:00

U.S. lobby group views India's new e-commerce rules as worrying

A top lobby group that is part of the U.S. Chamber of Commerce believes India's proposed new e-commerce rules are a cause for concern and will lead to a stringent operating environment for companies, according to an email reviewed by Reuters.

2021.06.22

04:44

India proposes tighter e-commerce rules amid complaints over Amazon, Walmart's Flipkart

India proposed banning flash sales on e-commerce websites and said on Monday their affiliate entities should not be listed as sellers on their platforms, in a proposed tightening of rules that could hit Amazon and Walmart's Flipkart.

2021.06.17

04:35

India to accelerate antitrust probe against Amazon, Flipkart

India's antitrust watchdog plans to expedite a restarted probe into allegations of anti-competitive behaviour at Amazon.com Inc and Walmart Inc's Flipkart, as it intensifies scrutiny of big-tech firms, two people close to the matter said.

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