Flipkart back to the company for approximately US$1.1 billion, and re-launch its own Indian operations. The company stated that "there is huge growth potential for e-commerce in India and significant opportunity for multiple players to succeed in India's diverse, domestic market." Softbank Group also sold its entire 20% stake to Walmart, without disclosing terms of the sale. The acquisition was completed on 18 August 2018. Walmart also provided US$2 billion in equity funding to the company. On 13 November 2018, Flipkart CEO Binny Bansal resigned, after facing an allegation of "serious personal misconduct". Walmart stated that "while the investigation did not
Nau (clothing retailer) to an inability to raise further capital. In 2008 Nau was purchased by Horny Toad, Inc. and reopened for trade in October of that year. In October 2013, Horny Toad sold the Nau brand to Korean-based Black Yak for an undisclosed amount with plans to continue the growth of the business through online, wholesale and eventually its own retail channels. Nau (clothing retailer) Nau is a clothing company, founded in 2007 by Marmot (company) founder Eric Reynolds and based in Portland, Oregon, United States. The company's business model includes the use of textiles developed from sustainable technical fibers and fabrics