close

News WrapGet Handpicked Stories from our editors directly to your mailbox

Binny Bansal

Tiger Fund increases equity stake in Flipkart

The $514-billion Walmart acquired majority stake (77 per cent) in the city-based Flipkart on May 9, 2018 for a whopping $16 billion (Rs 107,662 crore) at $67.3 per share.

Sep 02, 2019, 14:48 PM IST

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

The latest sell-off, however, is not Binny Bansal`s first monetisation of his equity holding in 12-year-old Flipkart.

Jun 24, 2019, 17:11 PM IST

'Stunned by allegations', says Flipkart co-founder Binny Bansal in email to employees

Binny will continue to be a large shareholder in Flipkart, which was acquired by Walmart in May 2018.

Nov 13, 2018, 21:27 PM IST

Binny Bansal resigns from Flipkart: A Timeline of events

Walmart acquired Flipkart in May this year.

Nov 13, 2018, 18:02 PM IST

Flipkart Group CEO Binny Bansal resigns with immediate effect

Walmart had acquired 77 percent of Flipkart for $16 billion in May.

Nov 13, 2018, 17:21 PM IST

Flipkart may appoint new group CEO in place of Binny Bansal: Report

Walmart is considering both internal and external candidates for the position of group CEO.

Sep 24, 2018, 16:50 PM IST

Flipkart's stake acquisition 'credit positive' for Walmart: Moody's

On May 9, Walmart Inc said it is buying a 77 percent stake in Indian e-commerce retailer Flipkart for about USD 16 billion, but it is yet to disclose financing plans.

May 14, 2018, 15:43 PM IST

Flipkart co-founder Sachin Bansal quits after Walmart deal, writes emotional post on Facebook

Sachin had once categorically said in an interview that he will never sell Flipkart.

May 10, 2018, 10:34 AM IST

Walmart CEO addresses Flipkart staff; says deal among best decisions

In the biggest M&A deal in the booming e-commerce sector, Walmart announced buying 77 percent stake in Flipkart for about USD 16 billion (Rs 1.05 lakh crore).

May 10, 2018, 10:07 AM IST

Walmart shares tumble over 4%; m-cap falls nearly $10 bn

The deal values Flipkart at USD 20.8 billion.

May 10, 2018, 10:06 AM IST

Sachin, Binny journey: From Kart to Mart

After working for e-c0mmerce giant Amazon, the two friends set up Flipkart.

May 10, 2018, 10:05 AM IST

Traders oppose Walmart-Flipkart deal, industry gives thumbs up

The Confederation of All India Traders (CAIT) said the deal is nothing but a clear attempt to control and dominate the retail trade in India by Walmart through e-commerce in the long run.

May 10, 2018, 10:01 AM IST

Flipkart: A timeline of milestones

Sachin Bansal and Binny Bansal set up Flipkart in 2007 in Bengaluru.

May 09, 2018, 17:48 PM IST

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

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

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 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

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

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 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