Walmart is expected to pump $1.2 billion into Flipkart’s operations Flipkart. The world’s largest retailer acquired homegrown e-commerce company Flipkart for $16 billion last year, pitching it in direct competition with its rival Amazon.com in a battle for dominance of India’s online retail market. As of April 30, 2019, and January 31, 2019, Walmart reported cash and cash equivalents of $2.7 billion and $2.8 billion, respectively, according to filings with the United States Securities and Exchange Commission made by Walmart last week. Of the $2.7 billion of cash, approximately $1.2 billion can only be accessed through dividends or inter-company financing arrangements, subject to approval of Flipkart’s minority shareholders.

Publication: Business Standard 

Date: June 13, 2019

“Any kind of growth requires hunger. And rural India has a lot of hunger for growth,” says Dinesh Badagandi, Founder of TZP (TareZameenPar). Dinesh is a serial entrepreneur who developed a mobile planetarium to create “excitement and curiosity among students of Karnataka’s villages”. He is one of several entrepreneurs working hard to bridge the gap between rural and urban students at various levels with the help of technology. Indian metro cities are already familiar with edtech startups with the likes of UpGrad and BYJU’s. According to a report by KPMG and Google, the Indian edtech market is pegged to touch $1.96 billion by 2021.

Publication: YourStory 

Date: June 11, 2019