Walmart bought majority stake in Flipkart for USD 16 billion last week. CIO India spoke to industry veterans and analysts to understand what works and what does not work in the deal.
CIOs have an “influential role to play” in not only leading transformational change across the organisation, but in steering the company towards a more customer-centric approach.
After the acquisition of 77 percent stake in Indian e-commerce company Flipkart, the retail giant Walmart is going all out in the Indian market. It has now announced it will open 50 more stores.
Within a year of getting into a strategic partnership, eBay has officially stated that it would cut all its ties with Flipkart, and intends on selling its stake for USD 1.1 billion.
Softbank CEO, Masayoshi Son has confirmed that the deal between Walmart and Flipkart has been finalised. This is expected to be the biggest deal in the e-commerce sector.
Alphabet, the parent company of Google, is also likely to invest in Flipkart along with Walmart. Here's what Forrester analyst, Satish Meena thinks of the Flipkart -Walmart deal.
Patel is the former Group CIO of AGC Network, an Essar Group company, and has over two decades of experience as technology heads in various verticals.
On the first day of the F8 developers conference hosted by Facebook,every year, it talks about enhancing the messenger platform for business.
Not every e-commerce business can be the next Flipkart or Amazon. It is important to find your niche, and make sure that the idea you have chosen is competitive. Avoid excessively crowded niche. No competition can mean no demand, or spell huge success. You need to delve deep to find out how it might work for you.
Retail mogul Jeff Bezos tells investors that India is the most important market for Amazon, amidst Flipkart’s plans to join forces with Walmart.