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Posts Tagged ‘ Tiger Global ’

Exclusive: Tiger Global may be part-exiting Flipkart with 3x return

Tuesday, March 21, 2017 | More »

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Tiger Global, the biggest investor in Flipkart, may have struck a deal with Microsoft and other new investors to sell a part of its stake in the e-commerce company in the latest fund-raising round that valued it at $9.3 billion pre-money, a person familiar with the conversations told VCCircle. While...

Sanjay Sethi and Radhika Aggarwal

ShopClues investors rally behind Radhika and Sanjay in battle against Sandeep Aggarwal

ShopClues investors have rallied behind the firm’s management led by Radhika Aggarwal and Sanjay Sethi in their showdown with founder and former CEO Sandeep Aggarwal—the estranged husband of Radhika—who went public about their marital discord and accused her of stalling his re-entry into the c...

14 March, 2017 | More »

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Exclusive: Flipkart appoints commerce platform finance head as CFO

Homegrown e-commerce major Flipkart has elevated Sriram Venkataraman, the chief financial officer of its commerce platform as the company’s finance chief. Venkataraman took over as CFO in January, a spokesperson told VCCircle, adding that this was part of the organisational changes made that month...

14 March, 2017 | More »

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After TVF trashes charges, more women allege sexual harassment by founder

A former employee’s post alleging sexual harassment against The Viral Fever (TVF) Media Labs founder and CEO Arunabh Kumar has prompted other women to come forward with similar accounts. Operated by Contagious Online Media Network Pvt. Ltd, TVF is an online digital entertainment channel. On March ...

13 March, 2017 | More »

Flipkart

Flipkart to add 30% workforce in 2017

Amid massive job cuts in India’s fast-growing e-commerce industry, home-grown online marketplace Flipkart is planning to ramp up its hiring efforts, a media report said. The Times of India reported, citing unnamed sources, that the company will hire 20-30% additional workforce in 2017. It said tha...

6 March, 2017 | More »

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Flipkart COO Nitin Seth looks to ‘bring back the DNA’ by rehiring old hands

E-commerce major Flipkart, which has seen continuous churn at the top level for the last few quarters, is quietly working to revamp its senior leadership team by bringing back old hands. At least half-a-dozen senior executives have returned to the company in the last few months. Flipkart COO Nitin S...

27 February, 2017 | More »

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Sands Capital, IFC & others to invest $30 mn in logistics startup BlackBuck

Tiger Global-backed logistics startup BlackBuck has received an investment commitment of $30 million (around Rs 200 crore) in its Series C funding round from a group of new and existing investors, including Sands Capital and World Bank’s arm International Finance Corporation (IFC). Citing two unna...

27 February, 2017 | More »

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Flipkart has no plans to cut jobs, says COO Nitin Seth

Flipkart’s chief operating officer Nitin Seth has allayed fears that employee rationalisation, which has been rearing its head in the country’s e-commerce sector, will engulf the company as well. “We had to go through that phase last year but with the growth we saw in the last quarter ...

17 February, 2017 | More »

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Is Flipkart clawing back in the game against Amazon?

In early signs of a reversal in fortunes, Flipkart has outrun rival Amazon India in gross sales in two consecutive months, after trouncing the US-based ecommerce company with its Big Billion Day sales in October. The Indian ecommerce giant recently witnessed a top-level management rejig. Citing four...

17 February, 2017 | More »

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Bluestone narrows revenue gap with Caratlane

The race for supremacy in the online jewellery retailing segment has tightened, with the gap in revenue of the top two players—Caratlane and Bluestone—halving in the last financial year. Carat Lane Trading Pvt Ltd, which runs Caratlane.com, posted a 9.5% increase in net sales to Rs 131.8 crore f...

16 February, 2017 | More »

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