Explore the latest news, in-depth reports, and executive analysis tagged with #Flipkart.
In today's edition, we look into NPCI's branding issue; and how Flipkart’s Minivet AI deal highlights how India's largest companies are responding to the AI shift.
The acquisition is part of a strategic move to build and invest in core GenAI capabilities to enhance the shopping experience at Flipkart.
Sept 5th Edition: We track Mukesh Ambani’s entry into a novel business that even big tech businesses are trying to make sense of; and the country’s top marketplaces’ credit bet.
The move comes a year after Flipkart spun off the venture with an initial $20 million investment.
The funding round also saw participation from existing investors A91 Partners and Aditya Birla Ventures.
The Walmart-owned company is also looking to hire engineers and architects - "who are deep into stock markets."
PhonePe topped the list, processing 8.55 billion transactions worth Rs 11.99 lakh crore, securing a 46.5% share by volume and nearly half the total transaction value.
This is the first time the central bank has granted a large e-commerce player in India a lending licence.
The Flipkart co-founder has invested Rs 70 crore to set up IIF, that will focus on developing innovative solutions using AI, blockchain, and robotics.
Through this acquisition, Super.money aims to strengthen its credit offerings, including buy now, pay later (BNPL) and consumer durable loans.
Bansal still owns about 1% of PhonePe and continues to be largest individual minority shareholder in the firm.
Flipkart Group’s UPI app super.money also witnessed surge in its number of transactions in October to 50 million.
