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Posts Tagged ‘ Flipkart ’

Flipkart, Mu Sigma backer Accel Partners raises $305M in new India-focused early-stage VC fund

Tuesday, March 24, 2015 | More »

Subrata Mitra
Global venture capital firm Accel Partners, which has backed top-tier consumer internet and other tech ventures in India such as Flipkart, Mu Sigma, BookMyShow, CommonFloor, PropTiger and Freshdesk, has raised $305 million (Rs 1,900 crore) for its new fund Accel India IV. This is just about twice th...


IIT dropouts’ mobile news curator News In Shorts raises $4M from Tiger Global, others

Delhi-based ADA News in Shorts Pvt Ltd, owner of News in Shorts, a mobile-based service that aggregates news stories from across the globe, has raised $4 million (Rs 25 crore) in Series A round of funding led by Tiger Global with participation from Rebright Partners of Japan and existing investors S...

16 February, 2015 |More »


Flipkart says 2,000 vendors sold products worth million rupees on its marketplace in 2014

E-commerce major Flipkart today said it aims to help over 10,000 sellers generate business worth Rs 10 lakh through its platform this year. “In 2014, Flipkart helped over 2,000 sellers become millionaires through Flipkart sales. December 2014 alone saw over 500 sellers doing an average busines...

13 January, 2015 |More »


Online meal delivery startup SpoonJoy gets funding from Flipkart co-founder, others

Bangalore-based Emvito technologies Pvt Ltd, which operates under the brand SpoonJoy, a subscription-based online platform that allows office goers and other consumers to order meal packs such as set cut-fruit packs, has received an undisclosed amount in funding from Flipkart co-founder and CEO Sac...

30 December, 2014 |More »


Naspers invested $302.5M in Flipkart this year to retain 16.63% stake

South African media conglomerate Naspers Group injected $302.5 million or a quarter of the total $1.21 billion that Flipkart Pvt Ltd, the key holding arm of e-commerce giant Flipkart.com, raised in two rounds this year to retain its 16.63 per cent stake in the firm, Naspers said in a filing. Of the ...

25 November, 2014 |More »


Flipkart ropes in Sanjay Baweja from Tata Communications as CFO

Home grown e-commerce giant Flipkart has appointed Sanjay Baweja as its chief financial officer (CFO). Baweja will take over the position which has been lying vacant since early 2013. The company’s finance team has been led by an interim head on deputation from its key investor Tiger Global. B...

5 November, 2014 |More »


Flipkart, Olacabs, Justdial others invited to join WEF’s global growth cos forum

Seventeen “fastest growing” Indian companies, including Avesthagen and Flipkart, have been invited to join the World Economic Forum Global Growth Companies (GGCs) community comprising 370 firms. The selected companies are: 4G Identity Solutions, ANI Technologies, Avesthagen, Bandhan Fina...

5 November, 2014 |More »


Flipkart reshuffles management’s top deck; Myntra’s Mukesh Bansal to head marketing

Home grown e-commerce giant Flipkart has reshuffled its top management with Myntra’s co-founder and CEO Mukesh Bansal, who had joined Flipkart’s board and is also head of its fashion vertical, will now also lead marketing. Bansal (not related to Flipkart founders Sachin Bansal and Binny Bansal)...

4 November, 2014 |More »


E-commerce is set to drive a commercial real estate boom

The e-commerce industry may not need retail space, but it may drive the commercial real estate industry by picking up giant warehouses or super-sized corporate offices which can house their large teams comprising customer support, tech, analytics and marketing. Flipkart last week signed a deal with ...

21 October, 2014 |More »

1.5M shopped on Flipkart’s Big Billion Day sale; founders apologise to others for SNAFU

India’s largest e-commerce company Flipkart, which received widespread criticism for crashing website, products being out of stock and puffed-up discounts being offered on its ‘Big Billion Day’ sale early this week, has tendered an apology to its customers for failing to live up to its promise...

8 October, 2014 |More »

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