Last week, reports emerged from the Flipkart office that an initial agreement of sale to Walmart had been signed. The world’s largest retail chain, Walmart Inc. has now announced that it has agreed to become the largest shareholder in Flipkart Group. The deal is worth approximately US$ 16 billion and will see Walmart own 77% stake in the Indian e-commerce outlet.
Subject to regulatory approval in India, Walmart will pay approximately $16 billion for an initial stake of approximately 77 percent in Flipkart, formally Flipkart Private Limited.
This announcement has also confirmed another rumour started by a previous report. Walmart announced that investors like Tiger [...]
The world’s largest retail chain, Walmart will buy 73% of Flipkart. The deal appears to be imminent as Walmart has prepared to at least US$ 14.6 billion, and as much as US$ 16 billion, in the cash-and-stock buyout of the Indian e-commerce giant. Moreover, Alphabet Inc., the parent company of Google, is said to be ready with a US$ 3 billion investment as well.
According to the report by Factor Daily, one source had valued Flipkart at US$ 20 billion while two other sources said that Walmart had put company’s value at as much as US$ 22 billion. At this price, Walmart will spend more than US$ 16 billion for the acquisition. After meetings went on throughout Thursday, both [...]
Apple recently launched the all-new 6th Generation Apple iPad in India. The new iPad was announced in a school event at Chigaco and the same is now available for pre-order on Flipkart. These iPads will be available in 32GB and 128GB storage with or without LTE support in Gold, Silver and Space Grey.
According to the listing, the 32GB Wi-Fi only model is priced at Rs 28,000 and the 128GB Wi-Fi model retails for Rs 38,600. Similarly, the 32GB LTE model will retail for Rs 35,700 and the 128GB LTE model is the priciest of the lot with a price tag of Rs 46,300.
Flipkart is also offering no-cost EMI for credit card users with additional 5% off for Axis Bank Buzz Credit Card [...]
GoPro HERO waterproof Action Camera officially launched in India. The camera is available on Flipkart for Rs 18,990. However, in the US the device retails for US$ 199.9 (Rs 13,500). The retail package includes a Camera, Frame, Rechargeable Battery, Mounting Buckle, Curved & Flat Adhesive Mount and a USB-C Cable.
Meghan Laffey, GoPro’s SVP of Product, said:
HERO is a great first GoPro for people looking to share experiences beyond what a phone can capture.HERO makes it easy to share ‘wow’ moments at a price that’s perfect for first-time users.GoPro HERO Action Camera Specs
The camera has a 10MP 1/2.3 inch sensor, with an ability to record native 1080p [...]
Flipkart Billion launched the Billion Capture+ in India in November. In an attempt to diversify its Billion brand, Flipkart has launched two new power banks in India. The 10,000 mAh power bank is priced at Rs. 799 and the 15000 mAh power bank costs Rs. 999. Recently, Xiaomi also launched its line of Made in India power banks which are available on Amazona and mi.com.
The 10,000 mAh power bank is available in Copper and Black colour variants while the 15,000 mAh power bank is available in Rose Gold and Black colours. Both the power banks come with a one-year in-home service warranty.
Both the power banks use Li-ion batteries and come with 5V/2.1A USB out ports. [...]
The internet is a boon, and it needs to be more accessible. Ever since the advent of Reliance Jio, internet consumers in India have been rapidly increasing. After Airtel jumped the entry-level 4G smartphone bandwagon, Vodafone is next in line. The company had earlier launched the Itel A20 Android smartphone at an ‘effective price’ of just Rs. 1,590. Now, it is offering substantial cashback on a select range of Android smartphones sold via Flipkart as part of a #MyFirst4GSmartphone scheme.
These entry-level smartphones will be available from just Rs 999 without exchange after all the applicable cashback and discount offers are applied. A comprehensive list of all the [...]
Flipkart, one of India’s largest e-commerce websites has launched the Billion Capture+ smartphone in India. Priced at Rs 10999 for the 3GB RAM/32GB storage and Rs 12999 for the 4GB RAM/64GB storage, the Billion Capture+ phone has been made entirely in India. The smartphone will go on sale from the 15th of November and will be available online exclusively via Flipkart, of course. Let’s unbox the device and see what we get inside:Billion Capture+ Documentation USB C cable Wall adapter Sim ejector tool First Impressions
The Billion Capture+ has a 5.5 inch screen which has become a standard screen size in 2017 and the size of the phone is similar to a lot [...]
Flipkart, one of India’s largest e-commerce websites has launched the Billion Capture+ smartphone in India. Priced at Rs 10999 for the 3GB RAM/32GB storage and Rs 12999 for the 4GB RAM/64GB storage, the Billion Capture+ phone has been made entirely in India. The smartphone will go on sale from the 15th of November and will be available online exclusively via Flipkart, of course.Latest News Posts Tagged ‘flipkart’Sort Read MoreWalmart Buys 77% Stake In Flipkart For US$ 16 BillionCompareComparing... Read MoreWalmart To Acquire Flipkart For Up To US$ 16 BillionCompareComparing... Read MoreApple [...]
Flipkart, one of India’s largest e-commerce websites has launched the Billion Capture+ smartphone in India. Priced at Rs 10999 for the 3GB RAM/32GB storage and Rs 12999 for the 4GB RAM/64GB storage, the Billion Capture+ phone has been made entirely in India. The smartphone will go on sale from the 15th of November and will be available online exclusively via Flipkart, of course.
The Billion Capture+ has a 5.5 inch IPS LCD display with a 1920 x 1080 px resolution. The phone also 2.5D curved Dragontail glass for protection.
Under the hood, the Billion Capture+ has the Qualcomm Snapdragon 625 chipset, 2.0GHz octa-core processor, 3GB or 4GB of RAM, and 32GB or [...]
Snapdeal looked certain to be Flipkart’s next big acquisition and usher in a duopoly era in the e-commerce sector with Flipkart and Amazon the only two remaining big players. But, on Monday Snapdeal said it was terminating the talks of selling off its stakes to Flipkart, to pursue a new path.
A Snapdeal spokesperson in a statement said, “As we have been exploring strategic options over the months, we have decided to pursue an independent path and terminate all strategic discussions” interestingly without naming Flipkart. The negotiations between Flipkart and Snapdeal for a possible acquisition were said to be mediated by Snapdeal’s principal investor, [...]
Flipkart is hosting some awesome deals on smartphones. Let’s take a look at some of the deals we feel you can’t miss out on.1. Lenovo Vibe K5 Note (4 GB RAM, 32 GB)
The Lenovo Vibe K5 Note is a snappy, bang-for-the-buck offering by Lenovo and is right now available at INR 10,499 after a flat INR 2,000 discount. Hurry up and pick up Vibe K5 Note for yourself before the deal run out.Vivo V5 Plus
The dual-lens selfie camera phone is selfie lover’s dream come true. The phone has a brushed metal design and a sturdy build. It is available on Flipkart right now for INR 22,990 after a flat INR 3,000 off. Grab it right now and get [...]
Flipkart is reportedly closing in on taking over e-commerce rivals Snapdeal. A report claims that the Snapdeal board has accepted Flipkart’s offer in the region of $900-$950 million last week. The future of Snapdeal has been a topic of discussion for the longest time and looks like the speculations will finally end now as the deal reaches a completion.
Snapdeal has raised over $1.5 billion over the years including, from investors such Alibaba and Softbank. Snapdeal was valued at $6.5 billion as recently as 2015 and is now set to be taken over by Flipkart for under $1 billion. It has also been reported that other assets such as FreeCharge, which Snapdal acquired two years [...]