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Binny Bansal

Online gold loan brand Rupeek raises $60 mn from Binny Bansal, GGV Capital and others

Wed, Feb 26, 2020

Online gold loan brand Rupeek said it has raised USD 60 million (about Rs 430 crore) from GGV Capital, Binny Bansal and others.

Flipkart co-founder Binny Bansal sells part shares to Walmart for Rs 531 crore

Flipkart co-founder Binny Bansal sells part shares to Walmart for Rs 531 crore

Mon, Jun 24, 2019

Binny Bansal, co-founder of India's leading e-tailer Flipkart, sold around 54 lakh of his equity shares valued at $76 million (Rs 531 crore) to world's retail giant Walmart`s Luxembourg entity FIT Holdings SARL, business intelligence platform Paper.vc said on Monday.

Flipkart ex CEO Binny Bansal case: Police file case against woman

Flipkart ex CEO Binny Bansal case: Police file case against woman

Sat, Nov 24, 2018

A non-cognisable case was filed against a woman on a complaint by Flipkart Co-founder Binny Bansal, who recently quit as the Group CEO over allegations of "serious personal misconduct", but was later closed after a brief probe, a senior police official said Friday.

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Sachin Bansal, Binny Bansal turn India's newest billionaires, but there is a big disappointment in store

Sachin Bansal, Binny Bansal turn India's newest billionaires, but there is a big disappointment in store

Thu, May 10, 2018

Both Sachin Bansal and Binny Bansal owned about 5 per cent of the company they co-founded. But post-sale Sachin Bansal will cut all links to the company, while Binny Bansal will not only be retained, he will also keep a part of his shareholding.

Flipkart deal done? Walmart may make announcement in just days

Flipkart deal done? Walmart may make announcement in just days

Tue, May 08, 2018

Walmart is likely to announce its much-anticipated deal to buy a controlling stake in Indian e-commerce player Flipkart before the end of this week, two sources said, in what is likely to be the U.S. retail giant`s biggest acquisition of a business.

This is when Flipkart sale to Walmart could happen; Amazon.com set to lose race

This is when Flipkart sale to Walmart could happen; Amazon.com set to lose race

Sat, Apr 21, 2018

Walmart Inc could seal a deal to buy a more than 51 percent stake in Indian online marketplace Flipkart as early as next week, two sources familiar with the matter said on Friday

Flipkart denies allegations made in FIR against founders

Flipkart denies allegations made in FIR against founders

Tue, Nov 28, 2017

Home grown marketplace, Flipkart has denied all allegations made against its founders. Here's what the company has to say.

Flipkart’s Sachin, Binny Bansal booked for cheating businessman of Rs 10 crore

Flipkart’s Sachin, Binny Bansal booked for cheating businessman of Rs 10 crore

Mon, Nov 27, 2017

Founders of homegrown e-commerce company Flipkart have been booked for allegedly not paying dues to a businessman.

Flipkart to spend $1.4 billion investment after careful cost considerations, says Binny Bansal

Flipkart to spend $1.4 billion investment after careful cost considerations, says Binny Bansal

Tue, Apr 11, 2017

Flipkart on Monday raised $500 million from eBay as it invested in the company and sold its Indian unit to the Indian e-commerce company.

Flipkart to use Microsoft cloud to boost e-tail sales

Flipkart to use Microsoft cloud to boost e-tail sales

Mon, Feb 20, 2017

The strategic partnership was announced by Microsoft CEO Satya Nadela on his maiden visit to this tech hub after he took over the reins of the world`s largest software firm in February 2014.

From $15 billion valuation to $5.5 billion; Flipkart faces hard times

From $15 billion valuation to $5.5 billion; Flipkart faces hard times

Thu, Jan 26, 2017

Talking on downturn in valuation Siddharth Shahani, Executive Director, Indian School of Design & Innovation had told Zee Business, "Passion has taken the company so far, now experience is needed to take it to the next level. I think it is a natural transition that you see anywhere in the world. The first three years is passion driven, the next three years is system oriented driven.”

First Flipkart and now Zivame: Start-up founders are being relegated thick and fast

First Flipkart and now Zivame: Start-up founders are being relegated thick and fast

Fri, Jan 20, 2017

After Binny Bansal lost operational control of Flipkart, Zivame founder followed in the same direction this week.

2017 will be a defining year for Flipkart: Sachin Bansal

2017 will be a defining year for Flipkart: Sachin Bansal

Wed, Jan 11, 2017

The 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.

Flipkart: Four valuation markdowns and three CEOs in a year

Flipkart: Four valuation markdowns and three CEOs in a year

Tue, Jan 10, 2017

Nearly a year to the date after co-founder Flipkart, Sachin Bansal was replaced by Binny Bansal as Chief Executive Officer (CEO) there comes another twist in the tale.

Flipkart appoints Kalyan Krishnamurthy as CEO; Binny Bansal to be Group CEO

Flipkart appoints Kalyan Krishnamurthy as CEO; Binny Bansal to be Group CEO

Mon, Jan 09, 2017

Tiger Global is one of the top investors in e-commerce company Flipkart, will now have their executive Kalyan Krishnamurthy as the CEO.

Flipkart in talks with Google, others for raising $15 billion in funding

Flipkart in talks with Google, others for raising $15 billion in funding

Fri, Jan 06, 2017

E-commerce giant, Flipkart has held talks with Google and other investors for its next round of funding, a report by Factor Daily said on Friday.

Flipkart, Amazon to slug it out in fashion in 2017

Flipkart, Amazon to slug it out in fashion in 2017

Thu, Dec 29, 2016

"Amazon, which has been inking partnerships with a number of brands including Arrow, Swarovski and Aeropostale, is planning to introduce more private labels to create a solid identity in the online fashion segment that is largely ruled by Flipkart."

Flipkart plans to move into groceries space; renewed push in furniture

Flipkart plans to move into groceries space; renewed push in furniture

Sun, Nov 20, 2016

Bank of America Merrill Lynch sees the value of goods sold online in India jumping tenfold to $188 billion by 2025.

Flipkart moves Gujarat High Court against 'entry tax'

Flipkart moves Gujarat High Court against 'entry tax'

Fri, Apr 29, 2016

Flipkart has filed a Public Interest Litigation (PIL) against Gujarat Government in Gujarat High Court.

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