Zivame claims the conversion rates at stores are two times higher than online sales with the average order value being at least 1.2 times higher.
India has emerged as the most-valuable emerging market retail segment, which is altogether valued at $44 billion in the report seen by ET.
PremjiInvest will make more than $130 million on its $25 million (Rs 155 crore) investment in Myntra in early 2014.
SoftBank could be freed from a clause in its agreement with Flipkart that restricts it from investing more than $500 million in Paytm Mall until 2020.
Venkatesan is looking at multiple offers and has held multiple discussions with Amazon since last year, said one person cited above and is involved in the process.
Sachin led 11-year-old Flipkart through most of its existence as CEO from 2008 to 2015, and, with the current stake sale, has reached a milestone.
Walmart's additional $3 billion investment will up its shareholding by 10-12 per cent.
On Wednesday, during presentation of results in Japan, Son had inadvertently disclosed the deal before Walmart and Flipkart could announce it in India.
Of Flipkart’s biggest backers, Tiger Global Management will take home $3.3 billion while SoftBank gets $4 billion. There is good news for staff too as they are in for a windfall of $500 million
Flipkart’s stock options are granted over a four-year period, with employees allowed to vest them every month after a one-year threshold.
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