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Posts Tagged ‘ Flipkart ’

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

Tuesday, November 25, 2014 | More »

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 ...


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 »


Flipkart draws flak on social media for ‘Big Billion Day’ sale but claims it hit $100M sales target in 10 hours

India’s largest e-commerce company Flipkart received a lot of criticism on the social media for crashing website, products being out of stock, and puffed up discounts being offered on its ‘Big Billion Day’ sale. And if that was not enough, the company’s competitors like Snapdeal and Amaz...

6 October, 2014 |More »


Flipkart invests in ngpay, to shut down its own payment gateway service PayZippy

India’s largest e-commerce company Flipkart has invested an undisclosed amount in ngpay, a mobile payment gateway platform owned by Bangalore-based JiGrahak Mobility Solutions Pvt Ltd. “Payment is core to Flipkart and we see this partnership giving rise to the largest mobile payments brand in...

1 September, 2014 |More »


Xiaomi sells 20,000 more Mi3 smartphones in fifth flash sale, Flipkart goes out of stock in 2.3 seconds

To call Chinese smartphone manufacturer Xiaomi’s online only flash sales model a hit in India will be a gross understatement. The company made its debut in the market in July this year with a partnership with home grown e-commerce major Flipkart.com. As part of the partnership, the company’s fla...

19 August, 2014 |More »


Flipkart mum on reported $1B fundraising plans, adds e-learning to online marketplace

India’s largest consumer e-commerce platform Flipkart is raising around $1 billion (Rs 6,000 crore) from existing and new investors valuing the company at over $5 billion, according to The Economic Times report citing unnamed sources. While half of the funds have come from the existing investors T...

23 July, 2014 |More »

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