Bengaluru, 1st April 2016: Flipkart Ltd, India’s leading E-commerce platform has acquired payments start-up PhonePe Internet Pvt. Ltd.. The startup was launched last December by former Flipkart executives Sameer Nigam, Rahul Chari and Burzin Engineer. The amount of the deal is not confirmed yet but according to sources, the deal size is between $10 million […]
A month later, Mukesh Bansal and Ankit Nagori resignation India’s largest e-commerce firm Flipkart shuts it’s groceries delivery app, Nearby. The company Nearby was five months old. Paytm, operated by One97 Communications Ltd, also closed its grocery service in June because of poor demand. The Nearby app was launched as an experiment by Flipkart in […]
In February 2010, a fresh-faced engineering graduate cold-called India’s hottest e-commerce startup at the New Delhi World Book Fair. Ankit Nagori had heard of Flipkart, a Bengaluru-based startup that had broken new ground by selling books online ever since it acquired its first customer in October 2007. Compared to the heavyweight brick-and-mortar booksellers and publishing […]
New Delhi: A surprise move by China’s Alibaba Group to came into the support of India’s Biggest Ecom company Flipkart. As per the news report Alibaba is looking to invest in Flipkart. It has already backed Paytm and Snapdeal. Alibaba this move is to help Indian E-commerce company and eliminate US-backed Ecom companies like Amazon. There […]
Myntra, part of Indian’s biggest e-commerce company Flipkart, said it expects to turn profitable by the end of next financial year as the online fashion store looks at slashing discounts and curbing supply-chain costs. Shopping online is becoming more popular in India due to the rising use of cheaper smartphones and India’s e-commerce sector is […]
Tinystep, a parenting social network, today said it has raised an undisclosed amount in seed funding from Flipkart. The Bengaluru-based startup plans to use the funds to develop the product, enhance user experience and strengthen its team, Tinystep said in a statement. The funding will also be utilised to further accelerate the company’s growth and […]
As per the report, Punit Soni, Chief Product Officer and former Google executive shall be soon leaving the Flipkart. However both Punit Soni and Flipkart denied this news. Flipkart counter this news as a baseless and untrue. But sources said that the recent reshuffle process in the company is the reason behind this. Binny Bansal […]
Flipkart today announced that Sachin Bansal, CEO and Co-founder of Flipkart, will be the Executive Chairman of the company and Binny Bansal, COO and Co-founder of Flipkart, will be the Chief Executive Officer of Flipkart. Super excited to shape the next phase of Flipkart’s journey with @_Sachinbansal https://t.co/EZ3cdyma5Y — binnybansal (@binnybansal) January 11, 2016 In […]
Following up on my last year’s post on Mobile Commerce, I decided to focus only on Big 4 this time primarily due to lack of time. Here is what I published in Dec 2014: Mobile Commerce Growth in 2014 – It’s An App World Let’s take a visual look at how some of the top […]
Accel Partners has sold a fractional stake in Flipkart to Qatar Investment Authority for $100 million (about Rs 650 crore), in a deal that values India’s biggest online marketplace at $15 billion, according to two people aware of the transaction. Accel, the first venture investor in Flipkart, remains the second-largest shareholder in the e-commerce company […]
Rahul Yadav, the ousted co-founder of Housing.com, is back with his new startup and he is funded by the biggest names in the Indian internet industry—Bansals of Flipkart. Yadav’s new startup – Intelligent Interfaces – is about helping various government departments use internet and technology tools to save cost and expedite service delivery. “We will […]
India’s largest e-commerce firm Flipkart has bought a minority stake in digital maps provider MapmyIndia to improve its supply chain efficiency. The companies didn’t disclose the financial details of the deal. Flipkart will license map data and location technologies from MapmyIndia (promoted by CE Info Systems Pvt. Ltd) and deploy location intelligence capabilities across its […]