The latest episode of the TechThisWeek podcast series discusses homegrown ecommerce company Flipkart’s acquisition of global parent Walmart’s local cash and carry business.
TechCircle was joined by Ankur Bisen, senior vice president of retail and consumer products at management consulting firm Technopak Advisors, for a macro-level understanding of the deal.
Also in the week’s podcast:
Indian information technology services companies have remained relatively unscathed despite the economic stress caused by the Covid-19 pandemic. From an increase in remote work to a rise in demand for digital transformation services, companies have been quick in responding to changing market conditions. (Full Story)
IT services firm Wipro is set to acquire European Salesforce multi-cloud partner 4C for €68 million. (Full Story)
Ecommerce companies will now be liable to acknowledge the receipt of consumer complaints within 48 hours and display the name and details of the importer in case of cross-border commerce, according to a new legislation called the Consumer Protection Act 2019. (Full Story)
In a 16% rise compared to the past week, early and late-stage investors put to work about $145 million this week, across 17 deals. (Full Story)