Posts Tagged ‘ fidelity ’
Tuesday, February 21, 2017
Manu P Toms
The founder of carpooling app iRideShare and former head of marketing analytics at Fidelity India Pratul Chopra has joined Flipkart’s senior leadership team. At Fidelity, Chopra had worked under Nitin Seth, former country head of Fidelity in India and currently Flipkart’s chief operating officer...
Flipkart’s chief operating officer Nitin Seth has allayed fears that employee rationalisation, which has been rearing its head in the country’s e-commerce sector, will engulf the company as well. “We had to go through that phase last year but with the growth we saw in the last quarter ...
17 February, 2017 |
The net loss of Flipkart Internet Pvt. Ltd, which operates e-commerce major Flipkart, doubled to Rs 2,306 crore in the financial year ended 31 March 2016, compared with Rs 1,096 crore in the year-ago period, according to filings with the Registrar of Companies. The company’s revenues rose to Rs 1,...
26 November, 2016 |
Year 2016 has not been a great period for Indian consumer internet companies. Not only has there been a sharp decline in the number of deals in this space, companies that saw large cheques and subsequent valuation jumps earlier are now facing what they dread the most – markdowns on their valuation...
9 November, 2016 |
Ambiga Subramanian, chief executive of data analytics firm Mu Sigma, is reportedly planning to launch her own venture. Subramanian also plans to take some key executives from the firm founded by her former husband, Dhiraj Rajaram, according to a report by The Economic Times on Friday, citing anonymo...
23 September, 2016 |
Has the moment of reckoning arrived for Indian internet companies? As India’s e-commerce poster boy Flipkart suffered its fifth markdown this week, this was the question that was on everyone’s lips. Around $5.8 billion has been shaved off its mid-2015 value of $15.2 billion when it last ...
28 May, 2016 |
Indian e-commerce firm Flipkart has suffered its fifth markdown after a mutual fund managed by global financial services firm Morgan Stanley slashed the value of its stake in the company by 15.5%. The Morgan Stanley Institutional Fund Trust estimates each Flipkart share is worth $87.86 at the end of...
27 May, 2016 |
Sharad Sanghi is one of the pioneers in Indian datacentre business. He founded Netmagic Solutions, now one of India’s largest datacentre solutions companies, in 1998. The company later ventured into high growth niche services like disaster recovery, Cloud technology and application hosting....
14 November, 2012 |
Manthan Systems, a business intelligence and analytics solutions provider for the retail and consumer packaged goods industries, has raised $15 million (Rs 75 crore) in series C funding from Norwest Venture Partners. The funds raised will be used to expand product offerings besides inorganic expansi...
15 February, 2012 |