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Posts Tagged ‘ Binny Bansal ’

Flipkart, Amazon drop $1 bn Souq acquisition bid: Report

Wednesday, January 18, 2017 | More »

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US-based Amazon.com Inc and Indian online retailer Flipkart have dropped a bid to acquire Middle East-based horizontal e-commerce venture Souq.com due to a disagreement over price, Bloomberg reported on Wednesday. Souq.com has now reached out to Dubai-based mall company Majid Al Futtaim, the report ...

Flipkart

Reshuffle continues at Flipkart as 3 more top-level execs resign

Two days after Flipkart appointed investor Tiger Global’s former executive Kalyan Krishnamurthy as its new CEO, three top management executives are reportedly leaving the company. According to a report by The Economic Times on Wednesday, Flipkart’s supply chain arm Ekart’s head Saikiran Krishn...

11 January, 2017 | More »

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Will Tiger man Kalyan Krishnamurthy ride Flipkart out of trouble?

Shedding whatever remaining trappings of an advisory role, venture capital investor Tiger Global has taken direct control of Flipkart with the appointment of its former executive Kalyan Krishnamurthy as CEO of the e-commerce firm. Krishnamurthy will be responsible for the company’s profit and ...

11 January, 2017 | More »

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Flipkart’s Binny Bansal invests in 3D printing startup Supercraft3D

Additive manufacturing 3D printing startup, Supercraft3D has raised $1 million (Rs 6.6 crore) in seed funding from Flipkart founder Binny Bansal, along with four other angel investors, according to a media report on Tuesday. The Bengaluru-based startup, founded in early 2016 and operated by Supercra...

10 January, 2017 | More »

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Flipkart names Kalyan Krishnamurthy new CEO, Binny Bansal Group CEO

E-commerce major Flipkart on Monday named Kalyan Krishnamurthy its new chief executive officer and made co-founder and current CEO Binny Bansal group CEO in a major organisational restructuring. Krishnamurthy, a former Tiger Global executive, currently heads the design organisation category. Co-foun...

9 January, 2017 | More »

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Flashback 2016: Flipkart braves markdowns, Amazon threat

A steep markdown in valuation, series of top-level exits, heightened competition and prolonged funding drought—India’s biggest e-commerce company Flipkart has had a tumultuous year, to put it mildly. In fact, this was the first year since 2011 when investors didn’t infuse any capital into ...

30 December, 2016 | More »

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Flipkart, Amazon to bet big on fashion in 2017

Indian e-commerce heavyweights Flipkart and Amazon India are aggressively focusing on the high-margin fashion segment as they aim for profitability in the long run. Both Amazon India and Flipkart are expanding their private labels in addition to exploring more exclusive brand partnerships to open up...

28 December, 2016 | More »

Binny Bansal

Flipkart CEO says Amazon can’t win e-commerce battle with capital

Flipkart and Amazon — the top two e-commerce players in India — are engaged in a fierce battle for supremacy in the country’s fastest growing market. Even after gaining around 80% market share in fashion e-commerce, the market leader Flipkart faces stiff competition from its arch r...

27 December, 2016 | More »

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Aerospace startup Team Indus signs launch contract with ISRO

Bengaluru-based aerospace startup Team Indus has signed a contract with the Indian Space Research Organisation (ISRO) to launch a spacecraft that will attempt to land on the moon as part of its bid to win the Google Lunar XPRIZE. Team Indus, incorporated as Axiom Research Labs Pvt Ltd, is the only I...

1 December, 2016 | More »

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How Tiger Global-backed fashion venture Roposo is diversifying its revenue streams

Tiger Global-backed fashion startup Roposo has decided to expand its businesses such as influencer marketing and brand campaigns besides launching a chat feature for better user engagement. The company is also testing the cost-per-click model wherein it plans to charge partner vendors on clicks on t...

25 November, 2016 | More »

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