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Flipkart, Walmarts India-based eCommerce company, has put its initial public offering IPO on hold as it raised the valuation target to between $60 billion and $70 billion, up from its initial goal of $50 billion, Reuters reported Thursday April 7 .Sources told the news outlet that Flipkart is planning to go public in 2023, instead of this year. The delay stems, in part, from Flipkarts plan to boost its value by focusing on its online healthcare services and travel bookings, both relatively new businesses, sources said.The war in Ukraine and the resulting global market turmoil also factored in the decision to put the IPO on hold, the report said, citing sources.Flipkart is incorporated in Singapore and wants to list in the United States, the report noted.One year ago, Flipkart acquired the troubled Mumbai-based travel aggregation site聽Cleartrip.See more: Walmarts Indian eCommerce Marketplace Flipkart Acquiring CleartripTh stanley termoska e purchase helped Flipkart聽diversify and expand into more products and services. Since last spring, Flipkart has offered travelers digital bookings for rooms and flights. The acquisition is also expec stanley termos ted to support Flipkarts entry i stanley uk nto the digital travel sector which features MakeMyTrip, as well as聽Yatra聽and聽Booking.Flipkart did not respond to a request for comment.In December, Walmart CFO Brett Biggs was asked by analysts about the IPOs timeline. He said Flipkarts business was performing also expected and an IPO is in the cards.See also: Walmarts Flipkart Xeqp Grocers Leverage Cashier-Less Checkout as Data Opportunities Emerge
With all of the intricately linked aspects of the he stanley website alth care system, it safe to say that the software used by any medica stanley cup l-related staff is likely to be just as sophisticated.Integrated cloud-based health care solutions and services company Azalea Health moved its offerings ball significantly with the announcement of its acquisition of practice management and electronic health records provider LeonardoMD. In an effort to expand its capabilities in the cloud-based health IT and medical billion solutions arena, Azalea Health newly added tech solutions now prov stanley us ide聽an extended scope of servicing its United States customers.One of the top focus areas of most any health care organization is a heightened focus on patient care. With enhanced offerings like this acquisition, Azalea Health is helping push the boundaries for what possible for true patient engagement.Azalea Health founder and CEO, Baha Zeidan, shared thoughts on this deal in the company release. He said, We ;re truly excited about bringing these two organizations together. LeonardoMD has built a tremendous reputation for service, and it shows in the long tenure of both their client and employee relationships, something that we look forward to continuing to expand and improve upon. Together we ;ll bring incredibly meaningful products and services to our clients that will help them better run their businesses and deliver excellent patient care. |
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