Flipkart Co-Founder Binny Bansal Officially Exits Board
The CEO of Flipkart Group stated in a release that the company is the result of a brilliant idea and extensive effort crafted by dedicated teams with a commitment to revolutionizing the way people shop in India.
Jan 27, 2024, 15:34 PM IST
Business Success Story: From Garage To Glory, The Extraordinary Journey Of Sachin And Binny Bansal, Architects Of Flipkart's Meteoric Rise
Sachin Bansal and Binny Bansal co-founded Flipkart in 2007, transforming it from an online bookstore into India's leading e-commerce giant, revolutionizing the country's online shopping landscape.
Dec 28, 2023, 15:56 PM IST
Flipkart Co-Founder Binny Bansal Plans E-Commerce Startup: Report
The report said, citing sources, that Bansal will not seek to raise external funds and would rather infuse his own capital in the new e-commerce startup.
Aug 19, 2023, 08:54 AM IST
Flipkart Co-Founder Binny Bansal Looks To Invest $100-150 Million In PhonePe: Report
The investment amount has not been decided upon, negotiations have been ongoing and are most likely to conclude soon: Reports.
Mar 10, 2023, 12:33 PM IST
Chinese firm Tencent buys stake worth Rs 2060 crore in Flipkart from Binny Bansal
Tencent has bought stake worth about Rs 2,060 crore in Flipkart from its co-founder Binny Bansal through its European subsidiary.
Jun 12, 2022, 13:47 PM IST
Tiger Fund increases equity stake in Flipkart
The $514-billion Walmart acquired majority stake (77 per cent) in the city-based Flipkart on May 9, 2018 for a whopping $16 billion (Rs 107,662 crore) at $67.3 per share.
Sep 02, 2019, 14:48 PM IST
Flipkart co-founder Binny Bansal sells part stake to Walmart for 531 crore
The latest sell-off, however, is not Binny Bansal`s first monetisation of his equity holding in 12-year-old Flipkart.
Jun 24, 2019, 17:11 PM IST
'Stunned by allegations', says Flipkart co-founder Binny Bansal in email to employees
Binny will continue to be a large shareholder in Flipkart, which was acquired by Walmart in May 2018.
Nov 13, 2018, 21:27 PM IST
Binny Bansal resigns from Flipkart: A Timeline of events
Walmart acquired Flipkart in May this year.
Nov 13, 2018, 18:02 PM IST
Flipkart Group CEO Binny Bansal resigns with immediate effect
Walmart had acquired 77 percent of Flipkart for $16 billion in May.
Nov 13, 2018, 17:21 PM IST
Flipkart may appoint new group CEO in place of Binny Bansal: Report
Walmart is considering both internal and external candidates for the position of group CEO.
Sep 24, 2018, 16:50 PM IST
Flipkart's stake acquisition 'credit positive' for Walmart: Moody's
On May 9, Walmart Inc said it is buying a 77 percent stake in Indian e-commerce retailer Flipkart for about USD 16 billion, but it is yet to disclose financing plans.
May 14, 2018, 15:43 PM IST
Flipkart co-founder Sachin Bansal quits after Walmart deal, writes emotional post on Facebook
Sachin had once categorically said in an interview that he will never sell Flipkart.
May 10, 2018, 10:34 AM IST
Walmart CEO addresses Flipkart staff; says deal among best decisions
In the biggest M&A deal in the booming e-commerce sector, Walmart announced buying 77 percent stake in Flipkart for about USD 16 billion (Rs 1.05 lakh crore).
May 10, 2018, 10:07 AM IST
Walmart shares tumble over 4%; m-cap falls nearly $10 bn
The deal values Flipkart at USD 20.8 billion.
May 10, 2018, 10:06 AM IST
Sachin, Binny journey: From Kart to Mart
After working for e-c0mmerce giant Amazon, the two friends set up Flipkart.
May 10, 2018, 10:05 AM IST
Traders oppose Walmart-Flipkart deal, industry gives thumbs up
The Confederation of All India Traders (CAIT) said the deal is nothing but a clear attempt to control and dominate the retail trade in India by Walmart through e-commerce in the long run.
May 10, 2018, 10:01 AM IST
Flipkart: A timeline of milestones
Sachin Bansal and Binny Bansal set up Flipkart in 2007 in Bengaluru.
May 09, 2018, 17:48 PM IST
Latest funds will be used to make profits, shave off burn: Flipkart
Flipkart board member and investor, Subrata Mitra on Tuesday said money raised through the latest round of funding will be utilised to make profits and shave off company's burn on weekly basis, in a quest to ride its business towards right metrics.
Apr 11, 2017, 10:23 AM IST
Microsoft-Flikpkart announce strategic tie-up
IT giant Microsoft today announced a 'strategic partnership' with Flipkart, wherein as a first step, the online retailer will adopt Microsoft Azure as its exclusive public cloud platform.
Feb 20, 2017, 14:58 PM IST
