Retail
BigBasket raises $300 mn from investors led by Alibaba
03 Feb 2018
BigBasket, operated by Supermarket Grocery Supplies Pvt Ltd, has raised $300 million in a Series E funding round led by Alibaba Group Holding Ltd with Sands Capital, International Finance Corp and Dubai-based Abraaj Capital
Flipkart’s losses widen to Rs8,771 cr despite 29% rise in revenue
03 Feb 2018
Flipkart Ltd, the Singapore parent of online retailer Flipkart, has reported a loss of Rs8,771 crore ($1.4 billion) for the financial year ending March 2017, even as revenues rose by 29 per cent to Rs19,854 crore
Walmart facing racial discrimination lawsuit over locking black hair care products in glass case
27 Jan 2018
Walmart is being sued for racial discrimination after the retailer was accused of locking black hair-care products in a glass case, while other merchandise was easily accessible
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