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Posts Tagged ‘ Sachin Bansal ’

Aerospace startup Team Indus signs launch contract with ISRO

Thursday, December 1, 2016 | More »

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Bengaluru-based aerospace startup Team Indus has signed a contract with the Indian Space Research Organisation (ISRO) to launch a spacecraft that will attempt to land on the moon as part of its bid to win the Google Lunar XPRIZE. Team Indus, incorporated as Axiom Research Labs Pvt Ltd, is the only I...

Binny and Sachin Bansal

Investing in startups is a form of philanthropy: Flipkart co-founder Binny Bansal

For Sachin Bansal and Binny Bansal, founders of the country’s largest e-commerce firm Flipkart, investing in startups is a way of giving back to the ecosystem. The two started Flipkart in 2007 as an online book store from their two bedroom apartment, turning into what is today the biggest and most...

21 November, 2016 | More »

Flipkart

Flipkart to enter groceries, furniture segments; to sell Make-in-India products

Home grown e-commerce giant Flipkart plans to enter the groceries segment next year and will further develop its furniture business in a move to take on its biggest rival Amazon India. The firm intends to scale the grocery business operations over a three-year period, Binny Bansal, Flipkart’s chie...

21 November, 2016 | More »

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Flipkart, Snapdeal, Shopclues say demonetisation good for e-commerce industry

Honchos of leading consumer internet companies in India have jointly hailed the demonetization move of the Central government. In an industry forum organised in New Delhi on Wednesday, top executives from companies such as Flipkart, Snapdeal, Shopclues, CCAvenues, 1mg Technolgoies, Ola and Oyo Rooms...

17 November, 2016 | More »

Sachin Bansal

Not afraid of Amazon or Alibaba, says Sachin Bansal; stresses on ecom cos’ need to raise funds

Flipkart co-founder and executive chairman Sachin Bansal said ecommerce companies will need to continue raising funds to invest in functions such as talent and technology as the sector is still at its infancy. “E-commerce will need a lot more investments because the market is constantly growing, i...

16 November, 2016 | More »

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US President-elect Trump elicits mixed reactions from Indian entrepreneurs

US President-elect Donald Trump seems to have divided the Indian startup fraternity. Reactions on him becoming the most powerful person on earth diverged from welcoming to downright standoffish. Yashish Dahiya, co-founder and chief executive of PolicyBazaar.com, says Trump’s victory will bring goo...

9 November, 2016 | More »

Sanjay Baweja

Sachin and Binny Bansal will take Flipkart to greater heights, says outgoing CFO Sanjay Baweja

It has not been a great year for Flipkart so far. Markdowns by investors, constant struggle to retain leadership in the market thanks to fierce competition from an aggressive Amazon and failure to retain top talent internally—India’s largest ecommerce firm has been facing its demons. To add ...

28 October, 2016 | More »

Jeff Bezos

Jeff Bezos beats Warren Buffett to be the third richest man in the world again

Ecommerce giant Amazon’s founder and CEO Jeff Bezos is the world’s third richest man again pulling down Berkshire Hathaway’s Warren Buffett. On Tuesday, Buffett’s net worth slipped by $1.3 billion, according to Forbes. At the end of trading in the US on Tuesday, Bezos had doubled his lead ov...

15 September, 2016 | More »

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Flipkart’s Bansals are no more billionaires, shows Hurun India Rich List

The wealth of e-commerce major Flipkart’s Sachin Bansal and Binny Bansal (not related) has eroded significantly and they have been dropped off from the billionaires’ list, according to the latest Hurun India Rich List. The latest ranking by the financial research firm that focuses on wealth stat...

13 September, 2016 | More »

prozo

Exclusive: Ed-tech startup Prozo raises pre-Series A round

Prozo.com, an online marketplace for buying and selling study material, has raised its pre-Series A round of funding from a London-based venture capital firm and two affluent individuals, a person familiar with the development told TechCircle. Prozo, operated by Global Edu4Share Pvt. Ltd, has raised...

7 September, 2016 | More »

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