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Posts Tagged ‘ Flipkart ’

Flipkart’s valuation blues continue as Vanguard joins the markdown bandwagon

Friday, July 1, 2016 | More »

Flipkart
Flipkart continues to battle valuation blues with yet another investor marking down the value of its stake in the e-commerce company. Joining at least four other investors who think Flipkart is overvalued, a mutual fund managed by US-based investment firm Vanguard Group has marked down the value of ...

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Sellers up in arms against Flipkart’s alleged high-handedness

The simmering discontent among its vendors seems to be compounding woes for Flipkart, which has, of late, been in the news for all the wrong reasons. Upset with the e-commerce company over the way it has unilaterally altered its commission system and is allegedly penalizing sellers for the return of...

25 June, 2016 | More »

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Flipkart best place to work in India, finds Linkedln survey

This could probably be music to Flipkart CEO Binny Bansal’s ears. The online retailer, which was recently in a controversy after deferring the joining date of campus recruits from IIM-Ahmedabad, has topped a list of India’s best employers. The list by professional networking platform Linkedln ra...

20 June, 2016 | More »

Binny-Bansal

Flipkart CEO Binny Bansal wants to bring old friends back to take on Amazon

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 | More »

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Fitness startup BookyYourGame raises funds; Kalyan Krishnamurthy back at Flipkart

Fitness startup BookYourGame has raised an undisclosed amount of funding while Kalyan Krishnamurthy is back at e-commerce company Flipkart as head of categories. Here’s a quick round-up of the startup and technology stories of the day. Fitness startup BookyYourGame raises funds Fitness startup...

18 June, 2016 | More »

micle-adnani

Former Flipkart VP appointed CEO of fashion portal Styletag

Styletag, a portal for curated designer wear, has appointed former Flipkart vice president Michael Mehran Adnani as its CEO. Adnani will oversee the firm’s operations and spearhead its growth, a report by PTI said. A veteran in the e-commerce space, Adnani’s previous stint was as vice pr...

17 June, 2016 | More »

Flipkart

Exclusive: Flipkart may look at bank loans as it battles cash crunch

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 | More »

Hyve

Ex-Apple executive seeks to create a Buzz and a Storm with Android smartphones

Hyve Mobility Pvt Ltd, an Android-based smartphone venture started by former Apple India enterprise head Sharad Mehrotra, has unveiled its first two smartphones – Buzz and Storm. While Hyve Buzz is priced at Rs 13,999, Hyve Storm comes with a Rs 8,499 price tag. The smartphones will be available o...

15 June, 2016 | More »

Alibaba

Alibaba in talks with Delhivery, Xpressbees to build India logistics arm

Chinese e-commerce major Alibaba Group is in talks with two Indian e-commerce logistics firms, Delhivery and Xpressbees, for potential investments to build a strong logistics infrastructure before launching its horizontal marketplace platform in the country. Citing two unnamed people aware of the de...

14 June, 2016 | More »

Alibaba

Can Alibaba still catch up with Amazon in India?

When Amazon.com Inc founder and CEO Jeff Bezos announced an additional $3 billion investment in India last week, the aim was not only to compete with local e-commerce players Flipkart and Snapdeal. Amazon was also seeking to gain an upper hand before China’s Alibaba Group establishes its prese...

11 June, 2016 | More »

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