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Posts Tagged ‘ Binny Bansal ’

Flipkart raises $1 bn in down round: Report

Monday, March 20, 2017 | More »

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Flipkart Pvt Ltd, the Singapore-based holding company of India’s largest e-commerce marketplace, has reportedly raised $1 billion in a massive fundraising round. The funds were secured at a down round that valued the company at $10 billion, the report added citing the same people. Flipkart had a p...

pi Ventures founding partners Manish Singhal,  Umakant Soni

Pi Ventures hits first close of maiden fund; MakeMyTrip, Flipkart co-founders invest

Early-stage venture fund pi Ventures has announced the first close of its maiden fund at $13 million, with technology entrepreneurs such as former Infosys CFO and Aarin Capital chairman TV Mohandas Pai, Flipkart’s Binny Bansal, MakeMyTrip’s Deep Kalra and Info Edge’s Sanjeev Bikcha...

7 March, 2017 | More »

Flipkart

Flipkart in talks to raise $1.5 bn from Microsoft, eBay and others

Home-grown ecommerce major Flipkart is in talks with a bunch of investors to raise a significantly large round of investment as the company has started seeing a renewed growth momentum under the new leadership of CEO Kalyan Krishnamurthy. The firm is in discussions with global tech giant Microsoft C...

22 February, 2017 | More »

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Microsoft’s India cloud plans get booster shot as Flipkart signs up

Global technology leader Microsoft and India’s top e-commerce firm Flipkart have announced a broad collaboration under which, as a first step, the latter will use Microsoft Azure as its exclusive public cloud platform. Microsoft CEO Satya Nadella and Flipkart group CEO Binny Bansal together an...

20 February, 2017 | More »

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Is Flipkart clawing back in the game against Amazon?

In early signs of a reversal in fortunes, Flipkart has outrun rival Amazon India in gross sales in two consecutive months, after trouncing the US-based ecommerce company with its Big Billion Day sales in October. The Indian ecommerce giant recently witnessed a top-level management rejig. Citing four...

17 February, 2017 | More »

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Med-tech startup SigTuple raises $5.8 mn from Accel, IDG Ventures, others

Medical-technology startup SigTuple Technologies Pvt. Ltd has raised $5.8 million (around Rs 38.8 crore) in a Series A funding round led by Accel Partners with participation from IDG Ventures, Endiya Partners, pi Ventures, VH Capital and Axilor Partners. A number of angel investors, including Flipka...

13 February, 2017 | More »

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Flipkart’s Sachin Bansal reiterates stand on ‘level playing field’ for local cos

E-commerce giant Flipkart’s co-founder Sachin Bansal has re-ignited the debate around a “level playing field” for Indian startups, saying it is essential to ensure that local companies don’t get “prematurely killed” by foreign competition. “Indian companies can and they...

9 February, 2017 | More »

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

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 ...

18 January, 2017 | More »

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 »

Kalyan-Krishnamurthy

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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