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Posts Tagged ‘ Binny Bansal ’

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

Monday, September 26, 2016 | More »

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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...

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 »

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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 »

prozo

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 »

Education3

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 »

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 »

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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 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 »

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