The unit is also launching a Fulfilled by Ekart (FBE) initiative to tap merchants selling goods on other etailers, which will be a big area of growth in future.
Flipkart reportedly considered selling itself to Amazon, upending the notion that India’s largest online retailer would go full distance as independent internet giant.
The Bengaluru-based payments firm, however, has multiple term-sheets and was in negotiations with other suitors as well, according to a source.
Naspers has been pumping money into the online travel company for nearly a decade, not bothering to broadcast it.
The two aim to create an integrated hyper-local delivery service at a time when fresh funding is drying up for consumer internet businesses that rely on discounting to win customers.
Flipkart has started working with car and bike manufacturers like Mahindra & Mahindra, Kawasaki and TVS Motors.
Startups helping young adults get small loans, typically below Rs 1 lakh, seeing interest from investors, emerges as one of the hottest sectoral themes for this year.
One of the most watched startups of 2015, OYO's difficulties in fund-raising comes at a time when travel portals MakeMyTrip and Goibibo plan to invest in white-label hotel business.
Amazon’s largest domestic rival Flipkart launched its digital wallet last week as online payments increasingly become pivotal.
Flipkart Money has been launched on Android devices, where it can be topped up with Rs 10,000 at a time using credit card, debit card and net banking.
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