Posts Tagged ‘ Binny Bansal ’
Wednesday, August 24, 2016
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 ...
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |