Home > Archive by tag 'Flipkart India Pvt. Ltd.'

Posts Tagged ‘ Flipkart India Pvt. Ltd. ’

Flipkart suffers another markdown as Vanguard slashes stake value by 33%

Friday, December 2, 2016 | More »

VCCircle_Flipkart8
A mutual fund managed by US-based investment firm Vanguard Group has marked down the value of its stake in Flipkart by 33%, joining another investor Morgan Stanley in cutting India’s largest e-commerce marketplace’s valuation to historically low figures. The fresh markdown by Vanguard values Fli...

For-Flipkart-Story-TC_Shah-Junaid

Flipkart’s valuation down to $5.57 bn after Morgan Stanley slashes value of its holding

A mutual fund managed by Morgan Stanley has marked down the value of its shares in Flipkart by 38.2% leaving India’s largest e-commerce marketplace’s valuation at $5.57 billion, nearly a third of its peak valuation of $15.2 billion last year. The fund has slashed the value of its Flipkart shares...

29 November, 2016 | More »

VCCircle_Flipkart8

Flipkart may hire I-bankers to raise funds

India’s biggest e-commerce marketplace Flipkart India Pvt. Ltd is reportedly in talks with several investment banks, including the US-based Goldman Sachs Group Inc. to attract investors for a new round of funding. In a report, the Mint on Friday said that the Bangalore-based company “is now cons...

25 November, 2016 | More »

Flipkart

Flipkart’s markdown blues continue as Fidelity, Valic trim stake value

India’s largest online marketplace Flipkart’s valuation woes seem to be far from over as two American mutual funds, Fidelity Rutland Square Trust II and Valic Co. have marked down the value of their investment in the company for the second time this year. According to filings with the US Securit...

8 November, 2016 | More »

Flipkart_by_shah_junaid_1001

Flipkart to control 70% of online apparel market after Jabong buy

The acquisition of Jabong will help e-commerce company Flipkart strengthen its position and control almost 70% market share in India’s growing online apparel shopping segment. According to sellers and executives who work in the online apparel commerce industry, Jabong commands around 25% of th...

26 July, 2016 | More »

Zapr-2

Zapr raises funding from Flipkart, Micromax and others

Red Brick Lane Marketing Solutions Pvt Ltd, which runs media-tech startup ZAPR, has raised an undisclosed amount of funding led by Flipkart, with participation from Saavn and Micromax and Mu Sigma co-founders – Dhiraj Rajaram and Ambiga Dhiraj. This round also saw participation from existing i...

14 January, 2016 | More »

Snapshopr_Founders

Visual AI startup Snapshopr raises angel funding

Snapshopr, an artificial intelligence (AI) startup that specialises in visual search and image recognition, has secured an undisclosed amount in angel funding led by former Flipkart CTO Amod Malviya. Apurva Dalal (CTO, Urban Ladder), Pallav Nadhani (co-founder, FusionCharts), Saran Chatterjee (CEO, ...

14 January, 2016 | More »

Shopclues3

Another Flipkart backer bets on ShopClues as GIC leads Series E round

Horizontal e-commerce marketplace ShopClues has entered the exclusive club of ‘unicorns’, or startups with at least $1 billion valuation, after raising an undisclosed amount in a Series E funding round led by Singapore’s sovereign wealth fund GIC Pvt Ltd. Existing investors including Tiger G...

12 January, 2016 | More »

Bollywood actor Aamir Khan is Snapdeal's brand ambassador.

Snapdeal hit by ‘app ratings’ protest, Flipkart’s Bansal supports rival

E-commerce marketplace Snapdeal seems to be facing the brunt of its brand ambassador Aamir Khan’s recent comments on rising intolerance in the country. Responding to the Bollywood actor’s remarks, a section of Snapdeal’s mobile users gave the e-tailer’s app a one-star (lowest) rating. A soci...

25 November, 2015 | More »

flipkart

Flipkart sells stake worth $28-36M from ESOP trust

Online retailer Flipkart has sold a marginal stake worth between Rs 180 crore and Rs 240 crore ($28-36 million) from its employee stock option (ESOP) trust fund to wealthy individuals in the first such transaction aimed at retaining talent. The Economic Times first reported the transaction on Mon...

16 November, 2015 | More »

Page 1 of 41234