Sachin Bansal | Pixr8 News

13Feb By PriyankaNo Comments

FUNDING

SigTuple Raises $5.8 Million in Series A funding From Sachin & Binny Bansal

SigTuple, a bangalore-based healthtech startup has raised USD 5.8 million in Series A funding led by Accel Partners Sachin Bansal, Binny Bansal and Amit Singhal & Others. The company provides a data driven, machine-learned, cloud-based solution to improve the accuracy and efficiency in disease diagnosis. To gain insights from data the company have a machine learning platform called Kurma. Founded by three IITians Rohit, Apurv and Tathagato, SigTuple plans to revolutionise global healthcare space through data driven intelligence. The startup also raised USD 740,000 in October 2015 from Sachin Bansal, Binny Bansal, Accel Partners, Ashok Bareja, Dr. Nirupa Bareja and Debanjan Mukherjee. “Our goal is to develop intelligent, scalable and affordable disease screening solutions which...

Myntra Has Acquired Jabong, Pips Future Group & Snapdeal

26Jul By PriyankaNo Comments

ACQUISITION

Myntra Has Acquired Jabong, Pips Future Group & Snapdeal

Myntra, a fashion portal owned by India's largest online retailer Flipkart has acquired online merchandise retailer Jabong. Sachin Bansal, Flipkart's co-founder, confirmed the news by welcoming Jabong India to the Flipkart family in a tweet. Welcome @JabongIndia to the @Flipkart family. We'll create history together.— Sachin Bansal (@_sachinbansal) July 26, 2016 The talks of sale were fueled by reports that Jabong's current owners AB Kinnevik and Rocket Internet were reluctant to pump in more money into Jabong. According to Mint, Kinnevik was seeking a valuation of USD 100-150 million for Jabong. After the deal, Jabong will become part of Myntra which in turn is owned by Flipkart. Earlier there were speculations that Kishor Biyani-led Future Group is in talks to buy Jab...

Markdowns Of Flipkart Doesn’t Matter: Sachin Bansal

3Jul By RishabhNo Comments

Entrepreneurs Talk

Markdowns Of Flipkart Doesn’t Matter: Sachin Bansal

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, they also raised money at higher valuation," Bansal said on the sidelines of an event. "I think it does not matter, people have their own opinions and it is their own opinion," he added. He was also confident about the fact that these statements will not have any impact on the company's future fund raising. For now, Flipkart is pretty well capita...

How Flipkart New CEO Binny Bansal Trying To Bring Back Its Old Team in Fight Against Amazon

20Jun By NitishNo Comments

News

How Flipkart New CEO Binny Bansal Trying To Bring Back Its Old Team in Fight Against Amazon

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 Management was first appointed as a interim chief financial officer (CFO) & Category Head of Flipkart in February 2014. He left the company and joined Tiger Global again in November 2014. In 2015, Flipkart replaced its entire senior management and hired professionals from Google, Amazon etc. In 2016, due to shortage of funding and poor performance Flipkart's three senior executives lost...

Breaking: Binny Bansal New CEO of Flipkart

11Jan By NitishNo Comments

News

Breaking: Binny Bansal New CEO of Flipkart

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 his role as Executive Chairman of Flipkart, Sachin will provide strategic direction for Flipkart, mentor the senior leadership of the company and look for new investment opportunities. He will play an active role in championing the Indian e-commerce sector and building the internet ecosystem, and represent the company in external forums. Sachin will continue to be the Chairman of the Board. Sachin Bansal, Co-fou...

Accel Partners sells fractional stake in Flipkart to Qatar Investment Authority for $100 million

21Dec By AnkitaNo Comments

News

Accel Partners sells fractional stake in Flipkart to Qatar Investment Authority for $100 million

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 behind New York-based hedge fund Tiger Global Management. Qatar Investment Authority, the sovereign wealth fund of the Arab nation, was one of five new investors in Flipkart in December 2014 when the online retailer raised $700 million at a valuation of $11 billion. Flipkart, in a recent regulatory filing, posted a loss of about Rs 2,000 crore for the fiscal year ended March 2015. Valuations of Indian internet companies are be...

Rahul Yadav back with e-governance startup; Flipkart’s Bansals play angels

12Dec By No Comments

News

Rahul Yadav back with e-governance startup; Flipkart’s Bansals play angels

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 get our first business from a government department in two weeks,” Yadav told VCCircle. Yadav confirmed that he got seed funding from Sachin Bansal and Binny Bansal, co-founders of Flipkart. He said the company is not taking funding from any others at this point in time, dispelling rumours that founders of a few other big ecommerce companies could support Yadav in his new venture. “We do not require so much money now. We will raise more ...