E-commerce firm ShopClues today refuted reports that it is in talks with rival Flipkart for a merger. “Really speaking, it is not the fact. Of course, mergers help but do not guarantee businesses to grow,” ShopClues CEO Sanjay Sethi told reporters. Sethi said if money was the sole criterion to make and sustain a business, […]
CureFit, a healthcare and fitness start-up launched by former Flipkart executives Mukesh Bansal and Ankit Nagori, has recently raised a $15 million Series A funding from Kalaari Capital, Accel Partners and IDG Ventures, which is one of the largest early rounds of funding ever by an Indian start-up.
Recently Flipkart was marked down in it’s valuation by a couple of investors and third- parties! Sachin Bansal, the founder of the e-commerce giant Flipkart considers them as their ” opinions” and cited the case of Uber to illustrate that it will not impact fundraising plans of the e-commerce major. “That does not matter. If you look… they did it to Uber as well. Uber raised (money) at a higher valuation. They did it to one more company, […]
India’s most trusted e-commerce brand Flipkart has emerged as the most preferred platform across the nation. The e-commerce portal stands out on the customers preferences, reported a consumer study conducted by research firm Red Seer Consulting. The platform that offers maximum value for money and a wider meaningful assortment has been voted highest among all […]
The Proverb of Old is Gold seems true in the case of India’s largest e-commerce company Flipkart. Under new CEO Binny Bansal, Flipkart re-appointed Mr. Kalyan Krishnamurthy as head of categories. Before explaining anything about Flipkart re-joining strategy kindly read our previous report to get more clarification. Kalyan Krishnamurthy an executive at Flipkart’s largest investor Tiger Global […]
Bennett, Coleman and Co. Ltd (BCCL) also known as Times Group would like to invest in Flipkart Ltd, India’s largest e-commerce firm. The amount is about Rs.500 crore for small equity. The deal is partly by cash and ads, as per mint report said. As per the report, Flipkart will issue shares to BCCL in return for […]
Darling of jobseekers till recently, the startup space may lose some sheen in the job market as management and tech graduates might prefer joining safer companies after the Flipkart fiasco, say experts. The e-commerce major has deferred joining dates for campus hires from IIM Ahmedabad and IITs citing restructuring of its businesses, for which it […]
A mutual fund group governed by Morgan Stanley has further reduced the valuation of India’s biggest e-commerce portal, Flipkart. Flipkart shares markdown by 15.5%. This is the second consecutive markdown by Morgan Stanley, after it had marked it down by 27% in the previous quarter. Morgan Stanley has marked the value of their Flipkart shares at […]
IIM-Ahmedabad and Flipkart were locked in a face-off on Thursday with the e-commerce major refusing to honour its job commitment to students of the prestigious institute until December, as against June promised earlier, but offered a compensation for the intervening period. While the Bengaluru-based company cited restructuring of its businesses as the reason behind deferring […]
MobiKwik, one of India’s independent mobile payments’ network has partnered with Domino’s and Burger King for cashless payments across their outlets in 200+ Indian cities. With this association, MobiKwik now has enabled cashless payments across 8,000 restaurants in India. Announcing these associations, Upasana Taku, co-founder, MobiKwik said: “At MobiKwik, we are driven with the vision […]
ClearTax, India’s leading Income Tax Returns e-filing website, has announced the appointment of Prasanth Nair, Aakash Bapna and Jai Santosh as a part of its technology vertical. The Bengaluru-based company is also in the process of recruiting another director-level executive from Flipkart. Prasanth will occupy the position of Vice President – Engineering at ClearTax and […]
Flipkart and renown author of India Chetan Bhagat announce an exclusive partnership to launch LI5E, a first-of-its-kind emotionally intelligent IOT wearable that improves intelligence and confidence as you use it. LI5E (pronounced LIFE) will be available exclusively on Flipkart at a special one-time introductory price of Rs 999. Commenting on the partnership, Binny Bansal, CEO […]