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News
Binny Bansal
Binny Bansal News
Flipkart
27 Jan 2024
Flipkart Co-Founder Binny Bansal Officially Exits Board
The CEO of Flipkart Group stated in a release that the company is the result of a brilliant idea and extensive effort crafted by dedicated teams with a commitment to revolutionizing the way people shop in India.
business success story
28 Dec 2023
From Garage To Glory, The Extraordinary Journey Of Sachin And Binny Bansal
Sachin Bansal and Binny Bansal co-founded Flipkart in 2007, transforming it from an online bookstore into India's leading e-commerce giant, revolutionizing the country's online shopping landscape.
Flipkart
19 Aug 2023
Flipkart Co-Founder Binny Bansal Plans E-Commerce Startup: Report
The report said, citing sources, that Bansal will not seek to raise external funds and would rather infuse his own capital in the new e-commerce startup.
Binny Bansal
10 Mar 2023
Flipkart Co-Founder Binny Bansal Looks To Invest $100-150 Million In PhonePe
The investment amount has not been decided upon, negotiations have been ongoing and are most likely to conclude soon: Reports.
Flipkart
12 Jun 2022
Tencent buys stake worth Rs 2060 crore in Flipkart from Binny Bansal
Bansal holds around 1.84 per cent stake in Flipkart after selling part of his stake to Tencent. The transaction was completed on October 26, 2021. Tencent arm holds 0.72 per stake in Flipkart.
Flipkart
02 Sep 2019
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.
Binny Bansal
24 Jun 2019
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.
Binny Bansal
13 Nov 2018
'Stunned by allegations', says Binny Bansal in parting email to employees
Binny will continue to be a large shareholder in Flipkart, which was acquired by Walmart in May 2018.
Flipkart Group CEO
13 Nov 2018
Binny Bansal resigns from Flipkart: A Timeline of events
Walmart acquired Flipkart in May this year.
Flipkart Group CEO
13 Nov 2018
After allegation of personal misconduct, Flipkart Group CEO Binny Bansal quits
Walmart had acquired 77 percent of Flipkart for $16 billion in May.
Walmart Inc
24 Sep 2018
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.
Flipkart-Walmart deal
14 May 2018
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.
Flipkart-Walmart deal
10 May 2018
Sachin Bansal quits after Walmart-Flipkart deal, writes emotional post on FB
Sachin had once categorically said in an interview that he will never sell Flipkart.
Flipkart-Walmart deal
10 May 2018
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).
Flipkart-Walmart deal
10 May 2018
Walmart shares tumble over 4%; m-cap falls nearly $10 bn
The deal values Flipkart at USD 20.8 billion.
Sachin Bansal
10 May 2018
Sachin, Binny journey: From Kart to Mart
After working for e-c0mmerce giant Amazon, the two friends set up Flipkart.
Flipkart-Walmart deal
10 May 2018
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.
Flipkart-Walmart deal
09 May 2018
Flipkart: A timeline of milestones
Sachin Bansal and Binny Bansal set up Flipkart in 2007 in Bengaluru.
Flipkart board
11 Apr 2017
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.
Flipkart Microsoft partnership
20 Feb 2017
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.
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