September 2, 2020

Coque a5 2016 samsung telephone 2 Billion in Fresh Funding From Walmart coque samsung a10 portefeuil-ykooe coque samsung galaxy a40-lavwif

2 Billion in Fresh Funding From Walmart

Flipkart is set to use the latest investment to bolster its presence The company already has coque huawei p8 a strong grip in India’s e commerce market Flipkart rival Amazon recently received an investment from its parent

Flipkart on Tuesday closed an additional $1.2 billion (roughly Rs. fundas samsung galaxy j3 9,048 crores) equity round led by its majority coque huawei pro owner and US e commerce giant Walmart. fundas huawei p30 pro The fresh investment values the Bengaluru based company at a whopping, $24.9 billion (roughly Rs. 1.87 lakh crores). fundas samsung galaxy a70 Newly coque samsung s5raised funds will be infused in two portions over the remainder of the fiscal year, coque personnalisees samsung coque samsung j6 the coque samsung j7 company said. iphone 8 hoesjes fundas iphone 7 8 plus The new funding comes over two years after Walmart acquired 77 percent controlling stake in Flipkart at $16 billion coque iphone 11 back in May 2018.

Alongside coque autres galaxy samsung Walmart, the latest equity round has the involvement of Flipkart’s existing investors. fundas huawei p8 custodia cover iphone fundas huawei p20 pro The company, however, didn’t reveal the names of those investors.

The fresh funding will be used to bolster Flipkart’s presence in India’s e commerce market that has Amazon as a strong contender and Reliance Jio as the next big entity.

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“Flipkart continues to leverage its culture of innovation to accelerate growth and enable millions of customers, sellers, merchants and small businesses to prosper and be a part of India’s digital transformation,” said Judith McKenna, President and CEO of Walmart International, in a statement.

Walmart’s latest funding comes amid Jio’s growing interest in the Indian e commerce market. coque iphone 7 fundas samsung galaxy s9 plus The company owned by Indian oil to telecoms conglomerate Reliance Industries brought JioMart earlier this year as its coque huawei p10 initial move to enter the market that is coque huawei mate expected to reach a $200 billion size by 2026 from $38.5 billion in 2017, according to an estimation by the India Brand Equity Foundation. fundas huawei p9 Further, it has attracted investments from major coque samsung s5 tech and PE firms including Facebook, Silver Lake, Intel, and the latest, Qualcomm Ventures. fundas samsung galaxy note9 fundas samsung galaxy s7 edge Google is also reported to have plans coques personnalisees iphone 6 6s to invest around $4 billion into Jio Platforms to step into the bandwagon that would compete against Flipkart as well as Amazon in the coming future.

Having said that, Flipkart is already a solid competitor against Amazon with 45 percent growth in monthly active customers and 30 percent growth in transactions per customer reported for the financial year 2020. fundas huawei p30 lite fundas samsung galaxy s10e fundas huawei mate 20 pro The company is claimed to have a portfolio of 150 coque iphone 7 8 pas cher million products across over 80 categories. iphone 7 plus hoesjes fundas iphone x xs It coque samsung a70 also recently expanded local language support coque samsung note on its platform to coque samsung a10 persuade new customers.

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“Since Walmart’s initial investment in Flipkart, we have greatly expanded our offer through technology, partnerships and new services,” said Kalyan Krishnamurthy, CEO, coque iphone 8 Flipkart, in a statement. fundas samsung galaxy s10 “We will continue innovating to bring the next 200 million Indian shoppers online.”

In addition to Flipkart’s e commerce presence, the company has PhonePe coque samsung a7 as its digital payments solution to counter the coque huawei p8 likes of Google Pay and Alibaba Group backed Paytm. iphone 7 hoesjes The PhonePe app recently reported annualised total payments value (TPV) of $180 billion on more than 500 million coque samsung j6 monthly transactions.

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Last week, Amazon India unit also received Rs.