Sachin Bansal: News

05 Aug 2021


Flipkart, founders, nine others slapped with Rs. 10,600-crore ED notice

Walmart-backed e-commerce platform Flipkart, its founders, and nine other entities including investor Tiger Global have been slapped with notices by the Indian government's Enforcement Directorate (ED) for the alleged violation of foreign exchange (forex) laws regarding investment.

05 Mar 2020


Flipkart co-founder Sachin Bansal's wife alleges dowry harassment

Flipkart co-founder Sachin Bansal's wife, Priya Bansal, has filed a case against him alleging dowry harassment.

02 Jul 2019


Five famous alumni of IIT Delhi you should know about

The Indian Institutes of Technology (IITs) are the country's premier engineering institutes that are recognized as centers of academic excellence in science and technology.

19 Feb 2019


Flipkart co-founder Sachin Bansal invests Rs. 650cr in Ola

Indian ride-hailing start-up Ola is currently in the midst of an ongoing financing round and, in a major boost, has received Rs. 650cr (around $92mn) from Flipkart co-founder Sachin Bansal.

14 Jan 2019


Ola reportedly receives funding from Sachin Bansal, nears $6bn valuation

Flipkart co-founder Sachin Bansal has reportedly invested $21 million (approx Rs. 150 crore) in Ola, India's famous ride-hailing company.

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.

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.

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.

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.

11 Oct 2018


Reportedly, Flipkart co-founder Sachin Bansal to invest $100mn in Ola

In what could mark the largest personal investment in the Indian internet space, Flipkart co-founder Sachin Bansal is reportedly in the process of finalizing a whopping $100mn (around Rs. 740cr) investment in ride-hailing start-up Ola Cabs.

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.

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.

10 May 2018

Binny Bansal

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.

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.

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.

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.

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.

21 Dec 2017


Flipkart's AI push: E-tailer investing millions of dollars for AIforIndia

Indian e-commerce giant Flipkart is gearing up to bolster its push into the field of Artificial Intelligence by creating an internal unit "AIforIndia", as part of its efforts to put AI and machine learning at the core of its businesses.

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.

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.

29 Oct 2016


Flipkart's Sachin Bansal eyes lobby group for start-ups

Flipkart's co-founder Sachin Bansal is eyeing the possibility of creating a lobby group for start-ups across the country.

25 Oct 2016


E-tailers eyeing offline stores across smaller towns

India's e-tailers are considering launching their offline stores across small cities in the country.

22 Oct 2016


Flipkart looks to launch offline stores across India

Indian e-commerce platform Flipkart is eyeing further expansion by launching offline stores across the country.

29 Sep 2016


Walmart set to invest up to $1 billion in Flipkart

American retail giant Walmart Store Inc. is in talks to invest up to $1 billion in the Indian e-commerce website Flipkart.

29 Aug 2016


A data leak and an earthquake mar this week

A massive leak of the technical details of India's Scorpene submarines severely hurt India's national security after The Australian made the details public.

22 Aug 2016


Flipkart co-founder Sachin Bansal admits to company not meeting targets

Sachin Bansal, who earlier this year stepped down as CEO of Flipkart, admitted that the e-commerce portal had not been meeting its targets.

13 Aug 2016


Flipkart launches office in Palo Alto

On 12th August, 2016, Indian e-commerce giant Flipkart established an office in the United States of America.