Retailers are also increasingly adopting autonomous last-mile delivery as a smart logistics service to lower delivery costs and increase productivity, finds GlobalData
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Flipkart raises $3.6 billion in funding from global investors
The Flipkart Group has raised $3.6 billion in funding from global investors, including sovereign funds, private equity and crossovers in addition to Walmart.
Read MoreWalmart mobilizes global resources to support India
Walmart said it is mobilizing its global resources to further expand support for COVID-19 relief efforts in India.
Read MoreWalmart builds a fintech startup to offer financial solutions
The new fintech startup will leverage the company’s retail knowledge and scale along with Ribbit’s fintech expertise.
Read MoreFlipkart Group raises $1.2 billion from Walmart
The additional $1.2 billion equity investment equity will support Flipkart Group’s continued development of its e-commerce marketplace
Read MoreIBM expands blockchain network to super markets, suppliers and retailers
The network is now generally available after 18 months in testing, during which millions of individual food products have been tracked by retailers and suppliers.
Read MoreWalmart in a five year digital transformation deal with Microsoft
Bentonville, Ark. and Redmond, Wa.: Walmart Inc. said that it is forming a strategic partnership with Microsoft Corp. to further accelerate Walmart’s digital transformation in retail, empower its associates worldwide and make shopping faster and easier for millions of customers around the world. Through this partnership, Walmart has chosen Microsoft as its preferred and strategic cloud provider tapping into the full range of Microsoft’s cloud solutions. “Walmart’s commitment to technology is centered around creating incredibly convenient ways for customers to shop and empowering associates to do their best work,” said…
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