# S T A R T U P M O N K
Customers won’t need to enter OTP for online payments upto Rs. 2,000 on Flipkart

Walmart-owned Flipkart is entering into a partnership with global payments company Visa for the process of integrating Visa Safe Click (VSC), an in-app device-based payment authentication feature. VSC in Flipkart’s application will help the customers complete online payments without entering one-time passwords (OTP) for purchases up to INR 2K.Moreover, any order above INR 2,000 will involve

B2B agri supply chain startup, Ninjacart receives funding from Flipkart and Walmart

E-commerce giant Flipkart and its parent, the US-based retail giant Walmart have both recently decided to jointly invest in the Bengaluru based B2B supply chain startup, Ninjacart.  The transaction is expected to close by the end of the month. This investment will boost and accelerate the  access to the market for all farmers and reduce

Logistics firm Shadowfax raises Series D funding from Flipkart

B2B logistics enabler Shadowfax has raised $60 million in a Series D round led by Flipkart. The e-commerce marketplace was in conversation with the Bengaluru-based logistics firm for about four months and the funding is a resultant of those developments.  Existing investors, like Eight Roads Ventures, Nokia Growth Partners, Qualcomm Ventures, Mirae Asset Naver Fund

Flipkart billionaire Binny Bansal sells stake worth $76 million in e-commerce giant to Walmart

India’s e-commerce poster boy and co-founder of Walmart-owned Flipkart, Binny Bansal is now selling away his stake worth $76 million in the e-commerce unicorn Flipkart to US retail giant Walmart.  Earlier this year, Bansal had sold around 54 lakh of his equity shares for $76 million (Rs 531 crore) to Walmart’s FIT Holdings SARL. This

DPIIT asked to summon Amazon and Flipkart even as e-comm firms explain deep discounting allegations

The Department for Promotion of Industry and Internal Trade (DPIIT) was asked to summon Amazon and Flipkart on an alleged violation of foreign direct investment (FDI) policy, which came into force this February. The two renowned and largest  marketplaces in the country have been accused of practising unfair means which has not been permitted under the FDI

Celebrated VC Lee Fixel to soon return to investing in India, may set up $1 billion fund

Former Tiger Global exec, Lee Fixel who oversaw a slew of high-profile investment bets during his time at the VC firm, is planning to invest around $1 billion in Indian and South-east Asian startups, making a comeback in the Indian startup ecosystem. It has been said that Fixel will make investments through his new fund,

Flipkart signs MoU with Jharkhand government to promote artisans and handicrafts makers

Flipkart, the leading Indian ecommerce marketplace, has signed an MoU with the Government of Jharkhand and will onboard Jharkhand’s artisans, weavers and craftsmen onto its platform - ‘Flipkart Samarth’, which is an initiative aimed at enabling and handholding craftsmen from across India to set up their online presence and do business. As per a press release by

Flipkart Video launched as Instagram-like social feed also goes live!

With India’s entertainment witnessing massive traction, fuelled primarily by cheap Internet and the abundance of OTT platforms, a full-blown video streaming revolution is sweeping the country.  Due to above reasons, almost every firm or startup today has been looking to enter into video, attributing to the high user engagement rates it can provide them with.

Flipkart partners with ClearTax to make taxation easier for sellers.

To support its sellers with various tax and accounting related services, Indian ecommerce giant Flipkart has entered into an exclusive partnership with online tax and investment platform, ClearTax. The ecommerce giant Flipkart has said the partnership with ClearTax comes as the next step to empower its sellers and ease their financial filing so that they

Bounce raises Rs. 10 crore in debt funding from Sachin Bansal’s BAC Acquisitions

Bengaluru-based two wheeler rental startup, Bounce, has now raised another Rs 10 crore ($1.45 million) in debt funding from Flipkart co-founder and former CEO Sachin Bansal’s new fund BAC Acquisitions, according to the RoC filings accessed by online publication, Yourstory. Bounce has issued 1 Lakh non-convertible debentures to BAC Acquisitions.Till date, Bounce has raised a total

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CIN- U74999DL2019PTC347107