Articles about Binny Bansal

Online insurance provider Acko raises $16 million from Ascent Capital

30 Nov 2019

Online insurance provider Acko raises $16 million from Ascent Capital

Mumbai-based insurance-tech start-up Acko General Insurance, a digital first platform which primarily offers two-wheeler and four-wheeler insurance, has raised $16 million in funding from Ascent Capital.

Binny Bansal invests $12.3 million in customer engagement platform Mobikon

26 Oct 2019

Binny Bansal invests $12.3 million in customer engagement platform Mobikon

Mobikon, a marketing and data-exchange platform for restaurants, has raised $12.3 million in Series B round of funding.

Myntra and Jabong CEO Ananth Narayanan resigns; may join Hotstar

14 Jan 2019

Myntra and Jabong CEO Ananth Narayanan resigns; may join Hotstar

After some rounds of speculation, it has been confirmed that Ananth Narayanan, CEO of Flipkart-owned Myntra and Jabong, has left his post in pursuit of other opportunities.

Flipkart co-founder Sachin Bansal registers new company with IIT batchmate

21 Dec 2018

Flipkart co-founder Sachin Bansal registers new company with IIT batchmate

Flipkart co-founder Sachin Bansal, along with investment banker Ankit Agarwal, has registered a new company - BAC Acquisitions Private Limited - according to data from the Registrar of Companies.

Binny Bansal to begin second innings with another startup, xto10x

14 Dec 2018

Binny Bansal to begin second innings with another startup, xto10x

Barely a month has passed since Flipkart co-founder Binny Bansal stepped down as the CEO of the Flipkart Group, and already, speculations are rife about his next venture.

I-T Dept issues notices to Sachin, Binny Bansal over Flipkart-Walmart-deal

22 Nov 2018

I-T Dept issues notices to Sachin, Binny Bansal over Flipkart-Walmart-deal

Flipkart founders Sachin Bansal and Binny Bansal have been issued notices by the Income Tax Department, asking them to disclose their total earnings arising out of Walmart-Flipkart deal.

Ananth Narayanan is happy as Myntra's CEO, won't quit

16 Nov 2018

Ananth Narayanan is happy as Myntra's CEO, won't quit

Ananth Narayanan, the CEO of Myntra, dismissed reports of his resignation on Friday saying he was happy at the fashion e-tailer.

Days after Binny Bansal's exit, Myntra CEO and CFO quit

16 Nov 2018

Days after Binny Bansal's exit, Myntra CEO and CFO quit

A few days after Flipkart co-founder Binny Bansal resigned from the company on charges of personal/sexual misconduct, Myntra CEO and CFO have quit.

Binny Bansal out of Flipkart: Some conjectures, many unanswered questions

14 Nov 2018

Binny Bansal out of Flipkart: Some conjectures, many unanswered questions

In more ways than one, Flipkart is India's biggest start-up success story. The company and its founders are (still) the quintessential Indian dream - owners' pride, and everyone else's envy.

Why co-founder Binny Bansal resigned from Flipkart

14 Nov 2018

Why co-founder Binny Bansal resigned from Flipkart

Flipkart's co-founder Binny Bansal stepped down from the Walmart-owned company on Tuesday, and now a report claims an investigation into the accusations of misconduct found that he had a consensual affair with the woman.

Binny Bansal resigns as CEO of Flipkart Group: Details here

13 Nov 2018

Binny Bansal resigns as CEO of Flipkart Group: Details here

Flipkart co-founder Binny Bansal has resigned as the CEO of the Flipkart Group, following an investigation into allegations of "serious personal misconduct" against him.

Flipkart might replace Binny Bansal as group CEO

24 Sep 2018

Flipkart might replace Binny Bansal as group CEO

Walmart-owned Flipkart is contemplating separating the responsibilities of chairman and group CEO, and is likely to replace Flipkart co-founder Binny Bansal as the group CEO.

Deliveries for India-made Ather electric-scooter to begin from September 11

09 Sep 2018

Deliveries for India-made Ather electric-scooter to begin from September 11

Months after launching its Ather 450 and Ather 340 electric scooters in India, Ather Energy has now announced the delivery dates of the former.

Walmart completes acquisition of Flipkart, pumps in $2bn

19 Aug 2018

Walmart completes acquisition of Flipkart, pumps in $2bn

On Saturday, Walmart announced that it had completed its $16bn acquisition deal with Flipkart.

Meet the 6 youngest self-made Indian billionaires under 50

17 Jun 2018

Meet the 6 youngest self-made Indian billionaires under 50

Becoming a self-made billionaire is no easy task; it's one of the greatest achievements.

7 start-ups that are currently hiring in Bengaluru

07 Jun 2018

7 start-ups that are currently hiring in Bengaluru

The tech capital of India, Bengaluru, is home to some of India's best companies to work for.

Indian company launches electric scooters- Ather 340 and Ather 450

05 Jun 2018

Indian company launches electric scooters- Ather 340 and Ather 450

Homegrown start-up Ather Energy has finally launched its electric scooters in India - the Ather 340 and Ather 450.

Really sad to see Sachin leave Flipkart: Co-founder Binny Bansal

10 May 2018

Really sad to see Sachin leave Flipkart: Co-founder Binny Bansal

They were considered the "Jai-Veeru" of the Indian start-up panorama, and when one decided to finally exit the company they founded 11 years ago it was really a sad moment for the other.

Walmart-Flipkart deal turns many employees crorepatis: Details here

10 May 2018

Walmart-Flipkart deal turns many employees crorepatis: Details here

Walmart's $16bn buyout of Flipkart has brought cheer not only to India's iconic start-up, but also to 3,000 of its current and former employees who hold shares with the company.

Walmart buys 77% stake in Flipkart for $16 billion

09 May 2018

Walmart buys 77% stake in Flipkart for $16 billion

The cat is finally out of the bag - Walmart Inc. has announced its acquisition of India's leading e-commerce platform, Flipkart, for a whopping $16bn, taking 77% stake. This makes it the world's most expensive e-commerce acquisition, so far.

The Flipkart dream: Move aside, make room for nerds

09 May 2018

The Flipkart dream: Move aside, make room for nerds

When as a child you were told by your parents to chase the IIT dream, they were not wrong.

The love triangle of Amazon, Flipkart, and Walmart

04 May 2018

The love triangle of Amazon, Flipkart, and Walmart

Here's the story: Basically, the two US retail rivals Walmart and Amazon are both attempting to buy Flipkart, which is the best start-up India has produced in over a decade.

Meet the 6 youngest self-made Indian billionaires under 50

26 Apr 2018

Meet the 6 youngest self-made Indian billionaires under 50

Becoming a self-made billionaire is no easy task; it's one of the greatest achievements.

Flipkart opens new consolidated office space in Bengaluru

09 Apr 2018

Flipkart opens new consolidated office space in Bengaluru

Flipkart has opened a new office space in Embassy Tech Village, Bengaluru, which is a consolidation of all of its previous 11 campuses in the city.

Flipkart's Bansal brothers set up new company, Sabin Advisors

03 Jan 2018

Flipkart's Bansal brothers set up new company, Sabin Advisors

In a quiet move, Flipkart founders Sachin Bansal and Binny Bansal set up a new company, Sabin Advisors, in December, 2017, reportedly for new businesses, that could range from venture capital funding to insurance.

Complaint against Flipkart founders for cheating supplier of Rs. 10cr

27 Nov 2017

Complaint against Flipkart founders for cheating supplier of Rs. 10cr

The Bansals of Flipkart fame are in trouble, along with three of its employees. A businessman has filed a complaint against these five people alleging they had cheated him to the tune of Rs. 10cr.

eBay closes sale of India arm to Flipkart

01 Aug 2017

eBay closes sale of India arm to Flipkart

Four months after announcement of the sale, Flipkart has closed the acquisition of eBay's India arm.

Flipkart launches budget brand 'Billion' for desi sellers and customers

01 Aug 2017

Flipkart launches budget brand 'Billion' for desi sellers and customers

Flipkart has launched 'Billion'- a 'Make-in-India'-inspired initiative that will partner with Indian sellers to cater to Indian customers.

Flipkart may see the return of Bansals at the helm

11 Jul 2017

Flipkart may see the return of Bansals at the helm

Rumors are afloat that with the proposed deal with SoftBank Group Corp, Flipkart will see the return of Sachin and Binny Bansal, co-founders of the company, to their former glory.

Karnataka- Mother beats daughter to death for failing exams

07 Jun 2017

Karnataka- Mother beats daughter to death for failing exams

An 18 year old girl was beaten to death with an iron rod by her own mother for failing her English exam and falling in love. The incident happened in Kolar district, Karnataka.

Paytm founder Vijay Shekhar's new Lutyens' zone acquisition

07 Jun 2017

Paytm founder Vijay Shekhar's new Lutyens' zone acquisition

Paytm founder Vijay Shekhar Sharma has a new property: 6,000-sq-ft residential premises worth Rs. 82cr at New Delhi's coveted Lutyens' zone, one of India's most expensive locations.

Flipkart to replace CEO for a day

25 Apr 2017

Flipkart to replace CEO for a day

Flipkart is planning to replace its CEO for one day, to give an employee the opportunity to see how it feels to run the company. It is a part of the company's 10th anniversary celebration.

Delivery boy to multi-millionaire: Iyyappa recalls his Flipkart Journey

16 Apr 2017

Delivery boy to multi-millionaire: Iyyappa recalls his Flipkart Journey

Flipkart employee Ambur Iyyappa's story is a fascinating one. Starting his career as a courier delivery boy and then moving to Flipkart, Iyyappa grew along with Flipkart, becoming a multi-millionaire.

Flipkart raises investments from Tencent, Microsoft; buys eBay.in

10 Apr 2017

Flipkart raises investments from Tencent, Microsoft; buys eBay.in

Flipkart has raised investments worth $1.4bn from Tencent, eBay and Microsoft, at a post-transaction valuation of $11.6bn.

Flipkart to re-enter the grocery sector

10 Apr 2017

Flipkart to re-enter the grocery sector

After months of deliberation, Flipkart announced its second foray into the grocery sector which makes up "80% of the units bought in India".

Flipkart secures $1 billion in funding, eyes $1 billion more

21 Mar 2017

Flipkart secures $1 billion in funding, eyes $1 billion more

Flipkart manages to secure $1billion in funding in a bid to stay ahead of the competition.

Flipkart raises $1bn in fresh funding, eyes another $1bn

21 Mar 2017

Flipkart raises $1bn in fresh funding, eyes another $1bn

Flipkart has raised funds of $1bn, and is planning to raise another $1bn in the next few months.

Facebook and Flipkart to work together

13 Mar 2017

Facebook and Flipkart to work together

Flipkart and Facebook are teaming up in an effort to improve connectivity for their apps and websites for users on slower networks and older handsets.

New CFO-backed Flipkart returns to the game

26 Feb 2017

New CFO-backed Flipkart returns to the game

India's largest online retailer Flipkart is looking at a fundraising of as much as $1.5 billion from investors including Microsoft, eBay, PayPal among others at a valuation of $10-12 billion.

Flipkart looking to raise $1.5 billion from Microsoft

22 Feb 2017

Flipkart looking to raise $1.5 billion from Microsoft

E-commerce giant Flipkart is amidst talks in order to raise a funding round of up to $1.5 billion from investors including Microsoft, eBay, PayPal Holdings and Tencent Holdings.