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Mukesh Bansal

Mukesh Bansal backs fitness venture Cult

As Mukesh Bansal, the former head of Flipkart's e-commerce platform and Myntra's co-founder, looks to track the theme of fitness, he has decided to invest an undisclosed amount in fitness startup Cult. Bengaluru-based Cult is focused on training programmes...

Mukesh Bansal and Ankit to launch fitness brands

Co-founder of Myntra, Mukesh Bansal, and Chief Business Officer, Flipkart Ankit Nagori have come together to launch a new company for healthcare, sports and fitness brands. With an initial investment of $5 million (Rs 33 crore), the new set up...

Flipkart reshuffles top management, Binny Bansal replaces Sachin Bansal as CEO

In a major top deck management reshuffle, Flipkart, the country's largest ecommerce company, announced that the current CEO and Co-founder, Sachin Bansal will step down from his role, and will be replaced by Binny Bansal, COO and Co-founder of...

Flipkart is back with 'Big Billion Sale' season two

E-commerce marketplace Flipkart is gearing up for its “Big Billion Sale” season two. The company recently announced that the second edition will be held between the 13th and 17th October, 2015. This year, the sale will be an app-only shopping...

E-comm majors report massive sales spurts, but is it sustainable?

Leading e-retail major Flipkart has sold 150 million products till date this calendar year, reporting a jump of 150% in unit sales so far in 2015, compared with the year-ago period, the company has announced. “With a growing base of...

Flipkart to go 'app-only' by September

Within two months of fashion e-tailer Myntra going app-only, Flipkart, Myntra's parent company, is also set to follow the same route by September this year, according to media reports. Commenting on this news, Flipkart said, “India is gradually transitioning from...

Ditch the web for app-only commerce? Not a smart move, skeptics say

After Myntra shut down its website to just be an app-only channel, and with speculations rife that in a year's time, Flipkart too may follow suit, not many in the industry are convinced about the virtues of an app-only...

Myntra goes app-only from May 15

Online retailer Myntra has announced the company’s transition to an “app only” platform from May 15 onwards, marking the end of desktop and browser based shopping. With mobile-based commerce emerging as the next biggest opportunity, Myntra has taken a...

Myntra predicts profitability while Flipkart hardens stance for investors

Online fashion retailer Myntra expects to become profitable by 2016, as it continues to benefit from economies of scale resulting from its May 2014 merger with Flipkart, India's largest online marketplace, as well as growing revenue from its high-margin...

Myntra plans on-line Fashion Leadership Strategy, founder Mukesh Bansal to get key Strategic Role in Flipkart

Major fashion e-tailer, Myntra.com is planing to grow their business to about Rs 6,300 crore in GVM (Gross Merchandise Value) in next 15 months. Myntra is expected to close this financial year in March with Rs 2,000 crore revenue....
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The Luxottica report card for 2022

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