Flipkart Weekly Newsbeat | 10 August 2017

Softbank Vision Fund invests in Flipkart to become one of the largest shareholders of the company. Flipkart launches 'Budding Star Programme' for staff. Flipkart's 'Big Freedom Sale' begins. Flipkart to rebrand appliances category, expand warehouses and more

  1. Softbank Vision Fund invests in Flipkart to become one of the largest shareholders of the company

  2. After this financing round, Flipkart will have in excess of $4 billion of cash on balance sheet
  3. Flipkart's 'Budding Star Programme' encourages employees to pursue their passion

  4. Flipkart is launching a programme under which the ecommerce major will provide financial assistance to employees who wish to participate in national or international challenges in any field of interest. Flipsters who have completed six months with the company are eligible for the ‘Budding Star Programme’.

  5. Flipkart's Big Freedom Sale starts from August 9th - 11th August
  6. Flipkart’s Big Freedom Sale, to celebrate the Indian Independence Day will begin from midnight of August 9 and go up to August 11. While HDFC Bank debit and credit cards are eligible for 10% instant discount, significant discounts are being offered on electronics such as mobile phones and laptops.
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