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Tag: binny bansal

Flipkart unit’s losses rise 40% to Rs 1,624cr, Retail News, ET Retail

Bengaluru: Flipkart Internet, the unit which runs the online platform, reported a 40% increase in losses to Rs 1,624 crore for the year ending March 31, 2019 after it was able to cut them by close to 30% in the previous financial year. This signals that the company has started investing for expansion under new …

Flipkart unit’s losses rise 40% to Rs 1,624cr, Retail News, ET RetailRead More

Walmart plans to spin off PhonePe from Flipkart, Retail News, ET Retail

New Delhi: Global retail major Walmart Inc is planning to demerge PhonePe, the payment system and digital wallet company of Flipkart, so that its ownership will be vested directly with the US retail giant, two people familiar with the transaction told ET. The proposed move will pave the way for Walmart to get into India’s …

Walmart plans to spin off PhonePe from Flipkart, Retail News, ET RetailRead More