Company News
Deals Buzz: Noble Group to sell oil liquid business to Vitol for $580 millionedit
Armed with over $4 billion in cash, India’s most valuable internet firm Flipkart Ltd is planning more start-up investments and buyouts as it seeks to widen its slender lead over Amazon India and diversify its business. Flipkart has held talks to invest in food-delivery app Swiggy, services firm UrbanClap, furniture retailer UrbanLadder and some start-ups in insurance and wealth management, reports Mint citing three people familiar with the matter on condition of anonymity
Publication: Mint
Date: October 23, 2017
Flipkart looking to ‘Chinese’ model of e-commerce growth via acquisitionsedit
Flipkart is said to be in talks with multiple firms like online food-ordering and delivery service Swiggy, home services firm Urban Clap, online furniture retailer Urban Ladder, ticket-booking platform BookMyShow and even some financial technology firms, according to a Livemint report on Monday.
Publication: Business Standard
Date: October 23, 2017
Flipkart in talks with Urban Ladder, Swiggy, UrbanClap for acquisition: Report – Business Todayedit
Sitting at the top of Indian e-commerce business, Flipkart is planning to invest more in start-ups and buyout smaller rivals as a leg up to its business. The biggest e-tailer of the country is planning to acquire online furniture retailer Urban Ladder, services firms UrbanClap and food delivery platform Swiggy, along with some start-ups in insurance and wealth management, a report by Livemint said quoting three sources familiar with the development.
Publication: Business Today
Date: October 23, 2017
Competition and Industry News
5 Crazy-Smart Ways to Store Spices in a Tiny Kitchenedit
If you cook, a tiny kitchen can be crippling; maybe there’s room for a plate or two, but a whole spice collection? No dice. Or maybe you’re reading up on spice storage solutions because your parents gifted you a set of them in hopes that you would start acting like the self-sufficient adult you definitely are, and now you need to figure out where to put them.
Publication: Architectural Digest
Date: October 24, 2017