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Sachin Bansal

Walmart’s whopping US $12 bn acquisition of Flipkart to be announced soon

US retail giant Walmart’s US $12 billion acquisition of India’s biggest e-commerce firm Flipkart is in the final stages and a deal is likely to be announced in the next few days, according to sources close to PTI.According to...

Flipkart turns into private firm for buyout by Walmart

India's e-tailer major Flipkart has turned into a private company from a holding firm, ostensibly for a strategic buyout soon by the world's largest retail giant Walmart Inc, according to documents it filed for regulatory approvals."Documents filed by Flipkart...

Myntra launches MPulse, an employee-customer connect initiative

Myntra, India’s largest destination for fashion online, has launched the second edition of MPulse, a unique and beneficial customer engagement activity. The current edition of the program has been set up in the form of a carnival at Myntra’s...

SoftBank Vision Fund invests in Flipkart to become one of the largest shareholders

Flipkart, India’s leading e-commerce marketplace, has announced an investment - a mix of primary and secondary capital - from SoftBank Vision Fund, the world’s largest technology-focused investment fund. This is the biggest ever private investment in an Indian technology...

Flipkart launches ‘Billion’, a made for India brand with India-specific products

Flipkart, India’s largest e-commerce marketplace, announced the launch of ‘Billion’, a Made-for-India brand that aims to bring high quality products that are designed specifically for the unique needs of Indian customers. The products are conceived and tested in Indian...

E-commerce investors sound alarm bells over impending slowdown

Indian start-ups have sounded alarm bells over an impending slowdown in the e-commerce ecosystem due to the predatory pricing tactics of foreign players to capture market share, even as homegrown firms wither away because of their inability to compete...

GST's tax collection at source will hurt sellers: E-commerce players

Admitting that the proposed Goods and Services Tax (GST) is a key reform which will simplify the tax compliance, the e-commerce players on Thursday, however, said the proposed tax collection at source will hurt lakhs of small sellers by...

Level playing field is needed for local companies: Flipkart's Sachin Bansal

Highlighting the rise of selective globalisation, Flipkart co-founder Sachin Bansal said a level playing field is needed to ensure that local companies can build solutions for the Indian market and don't get prematurely killed by foreign competition. "Another big thing...

Flipkart looking to take decisive lead in Indian market; considers 2017 to be defining year

2017 will be a defining year for Flipkart as the company is looking to take "decisive lead" in the Indian market, its co-founder Sachin Bansal has said. According to a PTI report: The company, which recently announced top-level changes, said...

Flipkart rejigs top brass, Binny Bansal appointed Group CEO

Leading e-tailer Flipkart on Monday formed a group with its subsidiaries Myntra-Jabong and PhonePe and made co-founder Binny Bansal its Chief Executive Officer (CEO). "In the new structure, Kalyan Krishnamurthy is Flipkart's CEO, Ananth Narayanan Myntra's CEO and Sameer Nigam...
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Retail sales grow 8% y-o-y in March 2024: RAI Survey

According to the survey, sports goods reported a growth of 11% followed by apparel and beauty showing a growth...
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