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Sachin Bansal

Two more Silicon Valley executives quit Flipkart

India's largest e-commerce marketplace Flipkart's management rejig is continuing even as two more high-profile Silicon Valley hires quit the company last week. ALSO READ: Flipkart rejigs top management, hires ex-Amazon exec Lalit Sarna and Sunil Gopinath were among the top talent in the company. Sarna...

Invoking Uber, Flipkart Chairman Sachin Bansal says markdowns don't matter

Battling successive markdowns in valuation by investors and third-parties, Flipkart's Chairman Sachin Bansal has said such cuts are their opinions and cited the case of Uber to illustrate that it will not impact fundraising plans of the e-commerce major. "That...

GST: Flipkart concerned over clause on tax collection at source

E-commerce major Flipkart has expressed concern over a clause relating to tax collection at source in the Goods and Service Tax (GST) Bill. "We believe that TDS process that has been recommended about holding some tax and paying that on...

Funding India's sunrise sector, fashion retail

Fashion Forward Fashion in one of the fastest growing sectors in India and it's no surprise then that it has been generating a lot of investor interest over the last few years. 2015 was a great year for Indian fashion businesses as...

Flipkart's Bansals make it to Time 100 list

Binny Bansal and Sachin Bansal, the founder duo of Flipkart have made it to the annual list of Time magazine, where they have been placed among the 100 most influential people in the world. "This acknowledgment validates that the path...

Flipkart eyes top furniture retailer position in 2016

The imminent entry of IKEA into the Indian market next year has sent the country’s e-commerce majors into a huddle over the drawing board, deciding what to do next to ensure they retain a chunk of the furniture retail...

Biyani cries consolidation as Flipkart, Snapdeal fight on Twitter

The founders of Flipkart and Snapdeal - the two largest Indian e-commerce retailers - took their online rivalry onto the social media space. The trigger - Chinese e-commerce major Alibaba's entry into India. On Friday evening, Flipkart's Sachin Bansal tweeted:...

Flipkart reshuffles top management, Binny Bansal replaces Sachin Bansal as CEO

In a major top deck management reshuffle, Flipkart, the country's largest ecommerce company, announced that the current CEO and Co-founder, Sachin Bansal will step down from his role, and will be replaced by Binny Bansal, COO and Co-founder of...

THE TALK SHOP!

With smartphone penetration outpacing PC sales, higher internet penetration, clubbed with rising demand for on-the-go convenience services, made the ubiquitous mobile a prominent retail destination for one and all in 2015. There are just under a billion cellphone connections in...

Flipkart is back with 'Big Billion Sale' season two

E-commerce marketplace Flipkart is gearing up for its “Big Billion Sale” season two. The company recently announced that the second edition will be held between the 13th and 17th October, 2015. This year, the sale will be an app-only shopping...
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H&M opens 61st India store in Pune

The new H&M store is located at Kopa Mall.New Delhi: Swedish fashion brand Hennes & Mauritz (H&M) has opened...
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