Flipkart mulls investment in Urban Ladder, UrbanClap, Swiggy
This report comes days after it was reported that Flipkart is eyeing partnerships with MakeMyTrip and Bookmyshow.
Mumbai: Homegrown e-commerce giant Flipkart is reportedly in talks with other domestic services like UrbanClap, UrbanLadder and Swiggy to expand its reach amidst escalating competition from Amazon.
According to Mint, Flipkart is also mulling tie-ups with insurance and wealth management startups.
This report comes days after it was reported that Flipkart is eyeing partnerships with MakeMyTrip and Bookmyshow to offer its customers a range of internet services.
In the battle for dominance in the e-commerce field, Flipkart is leaving no stone unturned to expand its consumer base. This year alone, the domestic e-retail company has raised nearly USD 3 billion from SoftBank, Tencent, eBay and Microsoft.
It is also considering relaunching its loyalty programme “Flipkart First” to counter the growing popularity of Amazon Prime.
Flipkart also recently committed USD 500 million investment to its digital payments arm PhonePe. The commitment is in addition to the USD 75 million infused by Flipkart in PhonePe since the acquisition in 2015, Flipkart had said in a statement.