Oct 17, 2019-Thursday

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Thursday, Oct 17, 2019
news about Sachin bansal
Jul 10, 2019 12:22
Flipkart’s board recently authorized the PhonePe Pvt Ltd. unit to become a new entity and explore raising $1 billion from outside investors at a valuation of as much as $10 billion, according to people familiar with the matter. read more
Feb 05, 2019 08:02
Binny Bansal, who departed after Flipkart’s new owner Walmart Inc. investigated alleged personal misconduct, is now focused on xto10x Technologies, a startup he co-founded with former colleague Saikiran Krishnamurthy. read more
Nov 14, 2018 20:28
According to sources, various heads at the e-commerce giant have been engaging with their teams to answer any queries and address concerns related to business and operations after Bansal’s exit. read more
May 24, 2018 07:28
Flipkart tried hard to raise money locally but was ridiculed and turned away, leaving only the foreign giants to rescue it. This pattern will repeat itself until India’s investors realise that the best opportunities are not in Silicon Valley but at ... read more
May 13, 2018 12:58
To ascertain the exact tax liability, the revenue department will write to Flipkart seeking the share purchase agreement that the company had entered into with Walmart. read more
May 12, 2018 11:01
Walmart announced earlier this week that it will pay $16 billion for a roughly 77 percent stake in Flipkart in what is the US retail giant’s largest-ever deal . read more
May 10, 2018 18:46
A round-up on how employees, founders, and investors in Flipkart will be impacted by its deal with Walmart read more
May 10, 2018 14:55
A lot of Flipkart’s values, Binny Bansal said, come from the strong belief in the company that Sachin brought and helped build a strong foundation. read more
May 10, 2018 14:15
The ESOP (employee stock options) buyback from Walmart will be the biggest ever in the Indian start-up ecosystem and is expected to turn a few hundred Flipkart employees into crorepatis. read more
May 10, 2018 11:12
Sachin Bansal said he will be “cheering from the outside” and urged Flipkart team to continue with their momentum. read more
May 09, 2018 18:43
Flipkart’s founders have been billionaires before, but they lost that status as the firm’s valuation dipped. It was valued at about $12 billion last year, according to researcher CB Insights. read more
May 09, 2018 14:41
Walmart will invest $2 billion in fresh capital into Flipkart, and buy the remaining stake from the company’s existing investors, thus valuing it around $18-$20 billion read more
May 09, 2018 10:51
Walmart will buy roughly 70% of Flipkart; it will invest $2 billion in fresh capital and buy the rest from existing Flipkart investors read more
May 08, 2018 14:14
Flipkart will hold a townhall for employees on Friday, with Walmart CEO Doug McMillon likely to attend, one of the person familiar of the matter said. Other top Walmart executives will also be in India for the announcement, the other person added. read more
May 02, 2018 15:02
Amazon also offered Flipkart a breakup fee of $2 billion, according to CNBC-TV18. Amazon’s bid is likely to be on par with Walmart Inc’s bid for the Indian e-commerce company, the report added. read more