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Sachin 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

Sachin Bansal invests Rs 650 crore in Ola

Bansal, last year left Flipkart after the US retail giant Walmart picked up 77 percent stake in the e-commerce company for USD 16 billion.

Feb 19, 2019, 14:52 PM IST

Sachin Bansal invests Rs 150-cr in Ola

According to sources, Bansal is pumping in Rs 650 crore in total and the Rs 150 crore funding is part of the total investment.

Jan 14, 2019, 16:22 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'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

Flipkart co-founder Sachin Bansal to sell his entire stake to Walmart: Report

Walmart is likely to announce its deal to buy a controlling stake in Flipkart before the end of this week.

May 08, 2018, 10:19 AM IST

Flipkart co-founder Sachin Bansal likely to quit company board: Report

US-based retail behemoth Walmart, is eyeing a majority or controlling equity stake in it to foray into the multi-billion dollar Indian retail space.

May 04, 2018, 10:56 AM IST

Flipkart completes buyback of Esops for $100 million

The buyback is also the largest liquidity provided by an unlisted firm to its Esop holders for encashing an unspecified percentage of their vested stock options.

 

Dec 13, 2017, 18:05 PM IST

2017 will be a defining year for Flipkart: Sachin Bansal

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.

Jan 11, 2017, 12:03 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

Performance issues led to my ouster as Flipkart CEO, says Sachin Bansal

Flipkart's former chief executive and co-founder, Sachin Bansal, told the group's employees that even as CEO, his performance was not sans scrutiny.

Aug 22, 2016, 15:20 PM IST

Invoking Uber, Flipkart's Sachin Bansal says markdowns don't matter

Battling successive markdowns in valuation by investors and third-parties, Flipkart's Chairman Sachin Bansal has said such cuts are their "opinions" and cited the case of Uber to illustrate that it will not impact fundraising plans of the e-commerce major.

Jul 03, 2016, 13:28 PM IST

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