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Most Innovative Companies

Flipkart

Founded in 2007, Flipkart has quickly established itself as an e-commerce giant in India. The company sells more than 30 million products across more than 70 different categories, and ships 8 million orders per month. In 2015, it took steps to become a go-to licensing platform for international brands. A new initiative allows Flipkart to connect international brands--like Spongebob Squarepants and Teenage Mutant Ninja Turtles--to manufacturers and sellers in India, reducing the amount of fake products in the market and easing brands' worries about lack of transparency when it comes to sales. The move should help Flipkart gain more recognition as the legitimate e-commerce market of choice in the country, while helping brands gain exposure to new audiences.
Lists
2016: India
2015: Retail
2012: India
News

Report: Amazon just offered to buy a 60% stake in India’s Flipkart

That’s according to sources who spoke with CNBC-TV18 (via Reuters). Amazon’s offer is reportedly a move to counter Walmart’s bid to become the largest shareholder in the Indian e-commerce firm. Walmart’s global team was expected to come to India as soon as next month to close the deal, but with Amazon’s bid everything could be … Continue reading “Report: Amazon just offered to buy a 60% stake in India’s Flipkart”

Report: Amazon just offered to buy a 60% stake in India’s Flipkart
News

SoftBank’s $450 million investment puts Compass on the global map

Compass, a New York-based real estate startup, said Thursday that it had raised $450 million in funding from SoftBank Group’s Vision Fund. The deal values Compass, which has now raised $775 million in total, at $2.2 billion. Cofounded in 2012 by CEO Robert Reffkin and executive chairman Ori Allon, Compass has quickly established itself in … Continue reading “SoftBank’s $450 million investment puts Compass on the global map”

SoftBank’s $450 million investment puts Compass on the global map
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