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Posts Tagged ‘ Binny Bansal ’

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

Wednesday, August 24, 2016 | More »

Education3
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 ...

food-startups

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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Flipkart gets a valuation boost from Fidelity

After a string of six successive markdowns, Indian e-commerce giant Flipkart has received a welcome break from American mutual fund company Fidelity Investments. The US-based company’s Fidelity Rutland Square Trust II fund has hiked the value of its shares in the company. According to filings with...

28 July, 2016 | More »

Jabong_fe

Flipkart buys Jabong for $70 million

Flipkart-owned Myntra has agreed to acquire main competitor Jabong from Global Fashion Group for $70 million (Rs 470 crore) in cash to create India’s biggest fashion e-tailer, ending months of speculation and outbidding several potential suitors including Snapdeal. The deal will consolidate Flipka...

26 July, 2016 | More »

Ratan-N.-Tata

Ratan Tata leads as Flipkart, Snapdeal founders vanish from top angels’ list

Ratan Tata, chairman emeritus at Tata Sons Ltd, is heading the pack of India’s top angel investors so far this year while the founders of Flipkart and Snapdeal are conspicuous by their absence from the list. The 78-year-old Tata, who started investing in startups after retiring as chairman of the ...

7 July, 2016 | More »

Binny-Bansal

Flipkart CEO Binny Bansal wants to bring old friends back to take on Amazon

Binny Bansal, the Flipkart co-founder who took over as the company’s CEO five months ago, is bringing back some of his trusted lieutenants from the past to revive the e-commerce giant’s fortunes and fend off the growing competition from US-based Amazon. As part of this strategy to power up the l...

20 June, 2016 | More »

Flipkart

Exclusive: Flipkart may look at bank loans as it battles cash crunch

Faced with the steady march of its global rival Amazon on its home turf, ecommerce marketplace Flipkart is now turning to debt financing even as equity infusion looks remotely possible post the successive markdowns in its valuation by existing investors, said a person with the direct knowledge of th...

17 June, 2016 | More »

Flipkart

Flipkart rejigs tech leadership team

Flipkart has revamped its technology leadership team, the second such restructuring this year in the tech vertical at India’s largest e-commerce company by market share. According to Mint, which reported the development, engineering head Peeyush Ranjan has been named the group chief technology off...

10 June, 2016 | More »

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Myntra hires ex-Amazon India executive Manpreet Ratia as chief people officer

Flipkart-owned fashion e-commerce venture Myntra Designs Pvt Ltd has roped in former Amazon India executive Manpreet Ratia as chief people officer and head of new initiatives. Ratia will spearhead key HR initiatives and oversee talent acquisition and retention across verticals. He will also be respo...

2 June, 2016 | More »

Binny-Bansal

Binny Bansal charts a new course for Flipkart

Faced with a slew of unsavoury developments – from markdowns in valuation to an imminent threat to its market leadership and, from continuous exits at senior level to mounting losses – Flipkart finally felt the need to clear the air. Binny Bansal, the cofounder who took over as the CEO four mont...

24 May, 2016 | More »

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