Flipkart could sell controlling stake to Walmart as early as this week


The US retail giant has been in talks with Flipkart for months to acquire a controlling stake in the firm as it looks to take on rival Amazon.com Inc head-on in India

Phoenix-CPPIB platform buys L&T’s Bengaluru land parcel for $98m

This is the first acquisition after CPPIB earlier this month said it has invested an additional Rs938 crore in Island Star, a platform it co-owns with Phoenix Mills.

Here’s why there is a lot riding on the Walmart-Flipkart-Amazon love triangle

Could Walmart be trying to stay alive in a “one planet, one e-commerce” model of Amazon? The answer to this question may be the key to the unfolding Flipkart acquisition saga.

India: SoftBank-backed fintech firm True Balance raises $23m bridge round

Japan-based Line Ventures Corporation, Korean search engine Naver, Korean lender Shinhan Bank and TS Investment are said to have participated in the latest round.

Parag Milk buys Danone dairy plant in Haryana

Parag Milk will initially spend nearly Rs30 crore for the facility and continue to invest on expansion as required.

India Digest: Aditya Birla mulls payments unit stake sale; Yesss Capital backs FundTonic

Aditya Birla’s telecom arm Idea Cellular owns 51% stake in the payments bank and the remaining 49% is held by Aditya Birla Nuvo.

India’s angel investors seek further easing in rules amid tax concerns

Angel tax is levied on investments made in unlisted firms at valuations considered higher than the fair market valuation.

Fitness startup CureFit in talks to raise $75m, to expand offerings

CureFit investors Accel Partners, IDG Ventures, Kalaari Capital, and UC-RNT Fund are keen on funding a majority of the proposed new round

SaaS startup Fyle gets funding from Pravega, Beenext

The new funding round also saw participation from Girish Mathrubootham-led Freshworks, also one of Fyle’s enterprise clients

Amazon fastest growing marketplace in India: Jeff Bezos

The latest shareholder letter from Jeff Bezos shows India remains Amazon’s most important international market, one where it’s locked in a fierce battle with Flipkart