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Flipkart acquires Walmart's wholesale business in India
Walmart pumped in USD 1.2 billion in Flipkart, at a valuation of USD 24.9 billion this month.
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Moulishree Srivastava
Journalist • [email protected]
I cover Indian tech, startup, venture capital ecosystems for KrASIA.
Snap’s revenue for Q2 stood at USD 454 million, an increase of 17% year-on-year.
Between January and April, Zoom saw a 6,700% increase in free user sign-ups in India.
M&A deals in India fell by 28% in the first half of 2020 compared to the same period last year.
Private wealth in the country swelled up to USD 12.6 trillion last year, growing four-folds since 2000.
Pegatron has been working to move production away from China to Indonesia and Vietnam due to rising labor costs and the US-China trade war.
The USD 4.5 billion check that Google wrote for a 7.7% stake is the second-largest investment in Jio Platforms after Facebook.
India has sent a list of 77 questions to all the 59 companies facing ban and has given them three weeks' time to respond.
Earlier this year, Amazon announced it would invest USD 1 billion in the country.