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Posts Tagged ‘ Binny Bansal ’

Sachin and Binny Bansal will take Flipkart to greater heights, says outgoing CFO Sanjay Baweja

Friday, October 28, 2016 | More »

Sanjay Baweja
It has not been a great year for Flipkart so far. Markdowns by investors, constant struggle to retain leadership in the market thanks to fierce competition from an aggressive Amazon and failure to retain top talent internally—India’s largest ecommerce firm has been facing its demons. To add ...


After CFO’s exit, Flipkart makes interim changes in management structure

A day after its chief financial officer quit, India’s biggest e-commerce player Flipkart has made a few changes in its management structure in the interim. On Tuesday, Flipkart’s chief financial officer Sanjay Baweja had resigned after a two year stint with the Bengaluru-based e-tailer to take u...

26 October, 2016 | More »

top 10 angel investors

Anupam Mittal, Rajan Anandan, Kunal Shah & Zishaan Hayath among top angel investors in Q3

Angel investors in the country have kept funds flowing for startups at a time when venture capital investors seem to be holding back. In the first nine months of 2016, the value of investments has declined significantly across all investment categories such as private equity and venture capital but ...

12 October, 2016 | More »


Flipkart tweaks variable pay structure for execs; to give more ESOPs, less cash

Homegrown e-commerce giant Flipkart has changed the variable pay structure for its mid- to senior-level executives, substituting it with stock options, according to a report. As per the new plan, the cash component of the variable pay has been cut by 40% and will be substituted with stock options, M...

26 September, 2016 | More »

Jeff Bezos

Jeff Bezos beats Warren Buffett to be the third richest man in the world again

Ecommerce giant Amazon’s founder and CEO Jeff Bezos is the world’s third richest man again pulling down Berkshire Hathaway’s Warren Buffett. On Tuesday, Buffett’s net worth slipped by $1.3 billion, according to Forbes. At the end of trading in the US on Tuesday, Bezos had doubled his lead ov...

15 September, 2016 | More »


Flipkart’s Bansals are no more billionaires, shows Hurun India Rich List

The wealth of e-commerce major Flipkart’s Sachin Bansal and Binny Bansal (not related) has eroded significantly and they have been dropped off from the billionaires’ list, according to the latest Hurun India Rich List. The latest ranking by the financial research firm that focuses on wealth stat...

13 September, 2016 | More »


Exclusive: Ed-tech startup Prozo raises pre-Series A round

Prozo.com, an online marketplace for buying and selling study material, has raised its pre-Series A round of funding from a London-based venture capital firm and two affluent individuals, a person familiar with the development told TechCircle. Prozo, operated by Global Edu4Share Pvt. Ltd, has raised...

7 September, 2016 | More »

Binny Bansal

Binny Bansal consolidates his team at newly christened Flipkart Group

In order to manage it diverse businesses that include e-commerce, mobile payments, logistics and two fashion portals, Flipkart has restructured its management team with Binny Bansal spearheading various functions as Group CEO. According to people close to the development, a leadership team has been ...

26 August, 2016 | More »


Ed-tech startup Unacademy gets funding from Flipkart, Paytm founders

Sorting Hat Technologies Pvt. Ltd, which runs educational-technology platform Unacademy, has raised Rs 6.7 crore ($1 million) from a clutch of investors including Flipkart co-founders Sachin Bansal and Binny Bansal and Paytm founder Vijay Shekhar Sharma. The Economic Times, which first reported the ...

24 August, 2016 | More »


Hunger deaths don’t deter fund flow to food startups

The hunger for a small pie of the large food genre continues to inspire startup entrepreneurs as well as investors. In the week ended August 4, at least four food startups, two among them in the dreaded food-tech genre that saw heavy casualties in the past eight to 10 months, got a thumbs up from [&...

8 August, 2016 | More »

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