PhonePe raises another $200 million in ongoing funding from largest shareholder Walmart
Bengaluru: Digital payments and financial services company PhonePe has raised an additional $200 million as part of its proposed $1 billion funding round from its largest shareholder, Walmart. The funding was secured at a pre-money valuation of $12 billion.
Walmart Foundation to invest over USD 3.5 million in West Bengal, Madhya Pradesh
New Delhi/Kolkata: Walmart Foundation on Tuesday announced three new grants in the states of Madhya Pradesh and West Bengal with the aim to empower smallholder farmers through the Farmer Producer Organisation (FPO) framework.
$1-billion tax imposed on retail giant Walmart for PhonePe relocation to India: Report
New Delhi: The Indian government has imposed a tax of $ 1 billion on Walmart and digital payments company PhonePe for shifting the latter’s base to India from Singapore, Bloomberg reported.
Walmart invites Indian sellers to join US marketplace
Bengaluru/UNI: Walmart is now inviting select Indian sellers to apply to join Walmart Marketplace, a curated sellers community that serves more than 120 million U.S. shoppers each month.
Flipkart to set up 4 new facilities in Maharashtra, 4,000 jobs to be created
Mumbai/IBNS: Walmart-run e-commerce major Flipkart has announced it will strengthen its presence in the western state of Maharashtra by setting up four new facilities.
Snapdeal ropes in senior Walmart Executive Saurabh Bansal as Chief Merchandising Officer
New Delhi: Snapdeal, an e-commerce company, on Tuesday announced the appointment of Saurabh Bansal as its Chief Merchandising Officer.
Kolkata/IBNS: Walmart Inc., Flipkart and the Walmart Foundation have come together to contribute needed personal protective equipment (PPE) for healthcare workers and financial support for organizations providing essential relief materials to farmers and small businesses to join the battle against the Covid-19 pandemic.
Walmart opens new store in Kurnool
Kurnool/UNI: Walmart India today announced the opening of its 28th Best Price Modern Wholesale Store in the country in the city of Kurnool in Andhra Pradesh.
Kolkata/IBNS: Walmart India, the wholly owned subsidiary of Walmart Inc., has partnered with HDFC Bank Ltd. to launch a co-branded credit card exclusively for members of its Best Price Modern Wholesale “B2B Cash & Carry” stores.
The Walmart Foundation announces two new grants to benefit over 81,000 smallholder farmers in India
Kolkata/New Delhi, Aug 27 (IBNS): Deepening its commitment to improving farmer livelihoods in India, the Walmart Foundation on Tuesday announced $4.8 million (approximately Rs. 34 crores) in grants to Digital Green and TechnoServe to enable programs that help smallholder farmers have access to agriculture technology, training on sustainable farmer methods, enhanced access to formal markets, and skill and capacity building for farmer producer organizations (FPOs).
Walmart India opens its 22nd cash and carry store in India
Kolkata, Sept 22 (IBNS): Walmart India, the wholly-owned subsidiary of Walmart Inc, on Saturday announced the opening of its 22nd B2B Cash & Carry store in the country, making it the second Best Price Modern wholesale store in the city of Ludhiana and the sixth in the State of Punjab.
Walmart picks up 77 percent stake in Flipkart for $16 billion
New Delhi, May 9 (IBNS): US-based retail giant Walmart Inc. on Wednesday announced it has signed definitive agreements to become the largest shareholder in India's largest e-commerce player Flipkart Group.
Walmart finally seals deal to purchase Flipkart
New Delhi, May 9 (IBNS) : The US-based global retail giant Walmart Inc. is all set to purchase a 70 per cent stake in Flipkart, media reports said on Wednesday.
Walmart Foundation partners with Agribusiness Systems International to assist Indian farmers
Hyderabad, Dec 5 (IBNS): The Walmart Foundation, on Tuesday, announced a grant of nearly US$2 million to Agribusiness Systems International (ASI) to help smallholder farmers in India diversify the markets for their produce.
Walmart launches second edition of Women Entrepreneurship Development Program
Kolkata, Sept 26 (IBNS):Walmart India,the wholly owned subsidiary of Walmart Stores Inc., on Tuesday announced the launch of the Second Edition of the Women Entrepreneurship Development Program (WEDP).