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Udaan raised the funds from Altimeter Capital, GGV Capital and Hillhouse Capital, besides existing investorsThe company, founded by former Flipkart executives Amod Malviya, Sujeet Kumar and Vaibhav Gupta, achieved $1 bn valuation mark when it raised $225 mn in Sept 2018

The new optimism is fuelled by rising standards of living, increases in smartphone usage and cheap data plans that are boosting internet penetration across the nation

The women's western wear brand, launched in April 2016, targets consumers aged 22-40 years

Indian regulators need to realize that the artificial division between physical stores and online stores is fast becoming meaningless

Walmart CEO Doug McMillon says the US retail giant will comply with any tax demand arising from its purchase of a stake in India's e-commerce leader Flipkart

The sheer scale of the Flipkart deal, one of top five start-up deals globally, will drive a sharp increase in investor interest in Indian start-ups

Flipkart deal should give Binny, Sachin Bansal each a fortune of about $1 billion, although that status may be short-lived as the pair may have to pay 20% capital gains tax on any shares they sell in the firm, tax experts say

Kalyan Krishnamurthy fired Flipkart's senior managers, set more-aggressive sales targets, boosted spending on promotions and promised to dominate India's festival-season shopping

US retail giant Walmart buys 77%in India's top e-commerce firm Flipkart , valuing it at $21 billion

Softbank chief executive officer Masayoshi Son has confirmed a deal to sell the company's stake in Flipkart to Walmart, reports Associated Press