Binny Bansal
Retail
Amazing Journey of Flipkart’s Sachin Bansal, Binny Bansal
When IIT Delhi engineers Sachin Bansal and Binny Bansal started Flipkart in 2007 with Rs 4 lakh, going door-to-door to deliver books, they had no intention to sell their company irrespective of the valuation.
According to a PTI report: Sachin...
Retail
‘Flipkart founders may be liable for 20 pc capital gains tax after stake sale to Walmart’
Flipkart founders Sachin and Binny Bansal may have to pay 20 percent capital gains tax if they sell their shares in the company as part of the proposed deal with US retail giant Walmart, say tax experts.
According to a...
Retail
Flipkart turns into private firm for buyout by Walmart
IANS -
India's e-tailer major Flipkart has turned into a private company from a holding firm, ostensibly for a strategic buyout soon by the world's largest retail giant Walmart Inc, according to documents it filed for regulatory approvals.
"Documents filed by Flipkart...
Retail
Myntra launches MPulse, an employee-customer connect initiative
Myntra, India’s largest destination for fashion online, has launched the second edition of MPulse, a unique and beneficial customer engagement activity. The current edition of the program has been set up in the form of a carnival at Myntra’s...
Retail
SoftBank Vision Fund invests in Flipkart to become one of the largest shareholders
Flipkart, India’s leading e-commerce marketplace, has announced an investment - a mix of primary and secondary capital - from SoftBank Vision Fund, the world’s largest technology-focused investment fund. This is the biggest ever private investment in an Indian technology...
Retail
Latest funding round to help Flipkart transform commerce in India: Binny Bansal
Flipkart co-founder Binny Bansal has said while the latest funding round provides the fuel the company needs to reach its goal of transforming commerce in India through technology, it should continue to grow its business with careful considerations to...
Retail
Flipkart raises US $1.4 bn, acquires eBay India
eBay Inc., a global commerce leader, and Flipkart, a leading eCommerce company in India, have agreed to jointly pursue e-commerce opportunities in the Indian market.
In exchange for an equity stake in Flipkart, eBay will make a US $500 million...
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Flipkart, Microsoft forge cloud partnership to expand e-commerce in India
Microsoft and Flipkart - one of India’s leading marketplaces - announced a strategic partnership on Monday to provide consumers in India with the best online shopping service.
As a first step in the broad collaboration between the two companies, Flipkart will...
Retail
Flipkart rejigs top brass, Binny Bansal appointed Group CEO
IANS -
Leading e-tailer Flipkart on Monday formed a group with its subsidiaries Myntra-Jabong and PhonePe and made co-founder Binny Bansal its Chief Executive Officer (CEO).
"In the new structure, Kalyan Krishnamurthy is Flipkart's CEO, Ananth Narayanan Myntra's CEO and Sameer Nigam...
Retail
Flipkart’s Bansals named ‘Asians of the Year’ by Straits Times
Sachin Bansal and Binny Bansal, founders of India's largest e-commerce marketplace Flipkart, have been chosen for the prestigious 2016 ‘Asian of the Year’ by Straits Times of Singapore as part of a group called the ‘The Disruptors’.
The Asian of...
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The Luxottica report card for 2022
A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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