Sachin Bansal
Retail
Walmart’s whopping US $12 bn acquisition of Flipkart to be announced soon
US retail giant Walmart’s US $12 billion acquisition of India’s biggest e-commerce firm Flipkart is in the final stages and a deal is likely to be announced in the next few days, according to sources close to PTI.According to...
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
Flipkart launches ‘Billion’, a made for India brand with India-specific products
Flipkart, India’s largest e-commerce marketplace, announced the launch of ‘Billion’, a Made-for-India brand that aims to bring high quality products that are designed specifically for the unique needs of Indian customers. The products are conceived and tested in Indian...
Retail
E-commerce investors sound alarm bells over impending slowdown
IANS -
Indian start-ups have sounded alarm bells over an impending slowdown in the e-commerce ecosystem due to the predatory pricing tactics of foreign players to capture market share, even as homegrown firms wither away because of their inability to compete...
Retail
GST's tax collection at source will hurt sellers: E-commerce players
IANS -
Admitting that the proposed Goods and Services Tax (GST) is a key reform which will simplify the tax compliance, the e-commerce players on Thursday, however, said the proposed tax collection at source will hurt lakhs of small sellers by...
Retail
Level playing field is needed for local companies: Flipkart's Sachin Bansal
Highlighting the rise of selective globalisation, Flipkart co-founder Sachin Bansal said a level playing field is needed to ensure that local companies can build solutions for the Indian market and don't get prematurely killed by foreign competition.
"Another big thing...
Retail
Flipkart looking to take decisive lead in Indian market; considers 2017 to be defining year
2017 will be a defining year for Flipkart as the company is looking to take "decisive lead" in the Indian market, its co-founder Sachin Bansal has said.
According to a PTI report: The company, which recently announced top-level changes, said...
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...
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Fresh commerce platform Handpickd aims to launch 30 new micro markets in 2025
The micro markets will be located within Gurgaon and Delhi NCRBengaluru: Handpickd, India’s first direct-to-consumer (D2C) match-making platform for...
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