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Posts Tagged ‘ Flipkart ’

Binny Bansal consolidates his team at newly christened Flipkart Group

Friday, August 26, 2016 | More »

Binny Bansal
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 ...

Alibaba

Alibaba may pick majority stake in Paytm’s e-commerce biz

Chinese e-commerce company Alibaba Group Holding is likely to pick a majority stake in the e-commerce business of One97 Communications Pvt Ltd, the company that also runs mobile payment and commerce platform Paytm. One97 will soon be separating its e-commerce operations from the mobile payment and...

25 August, 2016 | More »

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Kunal Bahl, Rohit Bansal highest paid among Indian unicorn executives

Their corporate babies may have scaled the milestone of $1 billion valuation but founders of most tech ‘unicorns’ in India are modestly paid folks. However, thanks to some generous stock options, a few founders have made it to the list of the highest-paid executives in the country. TechCircle pi...

24 August, 2016 | More »

Mukesh Bansal and Ankit Nagori, co-founders of Curefit

CULT raises $3 mn from Mukesh Bansal and Ankit Nagori’s CureFit

Former Flipkart executives Ankit Nagori and Mukesh Bansal’s yet-to-be-launched online preventive healthcare platform CureFit has invested Rs 20 crore ($3 million) in Bangalore-based CULT Fitness Pvt. Ltd, a fitness startup that offers training programmes that do not require the use of equipment, i...

24 August, 2016 | More »

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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 »

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Myntra crosses $1 bn in annualised GMV run rate

Flipkart-backed owned Myntra claims to have crossed $1 billion run rate in annualised gross merchandise value (GMV) in July 2016, making it the biggest ever month by sales for the fashion e-tailer. In a media briefing, the company said the new milestone is propelled by the growth of its private labe...

22 August, 2016 | More »

Sachin Bansal

Sachin Bansal had to step down as CEO after Flipkart missed targets

Flipkart co-founder Sachin Bansal has revealed he had to step down as the company’s CEO and take up the chairman’s position after missing performance targets, a media report said. Bansal made this disclosure at a town hall meeting with Flipkart employees on 19 August, The Economic Times ...

22 August, 2016 | More »

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Flipkart to take on Amazon Prime with F-Assured; how is it different from Flipkart First?

Upping the ante in its rivalry with US e-commerce giant Amazon, Indian online retailer Flipkart on Friday launched Flipkart Assured, a programme that customers can use to avail free delivery within two to four days for products that cost more than Rs 500. The move came barely weeks after Amazon last...

19 August, 2016 | More »

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A sneak peek into biggest M&A deals in India’s ecomm, Internet segments

As investors turn their focus on unit economics and profitability, funding for tech startups and consumer Internet companies has tightened. This has not only resulted in a number of shutdowns in the segment but has also pushed companies to strike merger and acquisition deals. Fashion e-commerce aggr...

19 August, 2016 | More »

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Why a deal with Snapdeal is a more logical choice for Flipkart than Amazon

India’s e-commerce industry could see a major shake-up if online retailer Snapdeal’s preliminary conversations with local rival Flipkart and US-based Amazon to explore a possible merger make any headway. But a Flipkart-Snapdeal merger is a more likely scenario than a deal between Snapdeal and Am...

18 August, 2016 | More »

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