Binny Bansal

Latest funds will be used to make profits, shave off burn: Flipkart

Latest funds will be used to make profits, shave off burn: Flipkart

Flipkart board member and investor, Subrata Mitra on Tuesday said money raised through the latest round of funding will be utilised to make profits and shave off company's burn on weekly basis, in a quest to ride its business towards right metrics.

Apr 11, 2017, 10:23 AM IST
Microsoft-Flikpkart announce strategic tie-up

Microsoft-Flikpkart announce strategic tie-up

IT giant Microsoft today announced a 'strategic partnership' with Flipkart, wherein as a first step, the online retailer will adopt Microsoft Azure as its exclusive public cloud platform.

Feb 20, 2017, 14:58 PM IST
Rejig at Flipkart: Binny Bansal now Group CEO, Kalyan Krishnamurthy CEO

Rejig at Flipkart: Binny Bansal now Group CEO, Kalyan Krishnamurthy CEO

In a major restructuring, e-commerce major Flipkart on Monday brought all its units under an umbrella firm and elevated Binny Bansal as Group Chief Executive Officer.

Jan 09, 2017, 22:26 PM IST
Sachin Bansal, Binny Bansal named 'Asians of the Year' by Straits Times

Sachin Bansal, Binny Bansal named 'Asians of the Year' by Straits Times

Sachin Bansal and Binny Bansal, founders of Flipkart, have been chosen for the prestigious 2016 `Asian of the Year` by Straits Times of Singapore as part of a group called the `The Disruptors`.

Dec 05, 2016, 13:02 PM IST
 Flipkart eyes groceries, online furniture business

Flipkart eyes groceries, online furniture business

In a bid to expand its product portfolio, major online store Flipkart plans to enter the groceries space and also make a renewed push in the online furniture business space.

Nov 20, 2016, 22:48 PM IST
Baba Ramdev's close associate Balkrishna is 48th richest man in India: Forbes

Baba Ramdev's close associate Balkrishna is 48th richest man in India: Forbes

Yoga guru Ramdev's close associate Balkrishna has entered India's richest 100 club with USD 2.5 billion networth owing to his 97 percent holding in Patanjali Ayurved, while new-age retailer Flipkart's co-founders Sachin and Binny Bansal made a surprise exit from the list.

Sep 22, 2016, 14:57 PM IST
Flipkart rejigs top order to 'simplify' organisation

Flipkart rejigs top order to 'simplify' organisation

Flipkart has rejigged its top deck yet again, carving a bigger role for head of 'category design management' Kalyan Krishnamurthy among other changes, to create a "top-team with clear accountabilities".

Aug 26, 2016, 19:17 PM IST
Raghuram Rajan, Sundar Pichai, Flipkart founders among 100 most influential people: Time

Raghuram Rajan, Sundar Pichai, Flipkart founders among 100 most influential people: Time

RBI Governor Raghuram Rajan, Google CEO Sundar Pichai and founders of Flipkart Binny Bansal and Sachin Bansal were named among the '100 Most Influential People in the World' by Time Magazine.

Apr 21, 2016, 18:37 PM IST
Flipkart acquires payment firm PhonePe

Flipkart acquires payment firm PhonePe

Flipkart on Friday announced the acquisition of PhonePe, a city-based mobile payments company co-founded by the e-commerce giant's two former employees.

Apr 01, 2016, 13:37 PM IST
Flipkart CEO's email account spoofed!

Flipkart CEO's email account spoofed!

Refuting media reports that Flipkart CEO Binny Bansal`s email account has been hacked, the etailer on Friday said it was spoofed but not hacked.

Mar 18, 2016, 19:52 PM IST
Morgan Stanley says Flipkart overvalued; mark down share value by 27%

Morgan Stanley says Flipkart overvalued; mark down share value by 27%

 Morgan Stanley has marked down the value of Flipkart`s shares by 27 percent to signal the global investors, who believe India`s largest internet company is overvalued.

Feb 27, 2016, 15:56 PM IST
Myntra's Mukesh Bansal quits Flipkart; Ankit Nagor resigns too

Myntra's Mukesh Bansal quits Flipkart; Ankit Nagor resigns too

In the most profile-yet exit for Flipkart, Myntra's Mukesh Bansal has quit as head of commerce and advertising business of India's leading online retailer.

Feb 10, 2016, 19:24 PM IST
Flipkart elevates Binny Bansal as CEO, Sachin as Executive Chairman

Flipkart elevates Binny Bansal as CEO, Sachin as Executive Chairman

In a major top management rejig at Flipkart, Binny Bansal will be the new CEO in place of his co-founder Sachin Bansal, who would become Executive Chairman of India's biggest e-commerce company.

 

Jan 11, 2016, 17:37 PM IST
All's not well with Flipkart, reports a loss of Rs 2,000 crore

All's not well with Flipkart, reports a loss of Rs 2,000 crore

Combined sales of two main entities controlled Flipkart trebled to Rs.10,390 crore.

Dec 03, 2015, 15:09 PM IST

Flipkart expects to be in profit zone in 2-3 years; hints at IPO

Driven by increasing Internet population and growing preference for online shopping, eCommerce companies have witnessed a huge jump in sales.

Oct 30, 2015, 20:36 PM IST
Mukesh Ambani richest Indian, Flipkart co-founders new billionaires: Forbes

Mukesh Ambani richest Indian, Flipkart co-founders new billionaires: Forbes

India`s leading e-retailer Flipkart`s co-founders Sachin Bansal and Binny Bansal are the latest billionaires in the country, with $1.3 billion (Rs.8,582-crore) net worth each, according to leading business magazine Forbes India` rich list released on Wednesday.

Sep 23, 2015, 23:06 PM IST

Many complaints on Flipkart discount sale: Nirmala Sitharaman

In recent times, many e-commerce portals have been coming out with steep discount sales.

Oct 08, 2014, 14:10 PM IST

Flipkart apologises for glitches during mega sale

Indian e-commerce giant Flipkart Tuesday apologised for the glitches encountered during yesterday's 'Big Billion Day' sale, admitting its "failure" in living upto the expectations of its customers.

Oct 07, 2014, 19:57 PM IST

Flipkart sales run rate hits $1 billion

The company was aiming to reach the billion dollar-mark (for gross merchandize value or GMV) by 2015.

Mar 09, 2014, 13:32 PM IST