Sachin Bansal: News
05 Aug 2021
FlipkartFlipkart, 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
FlipkartFlipkart 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
IndiaFive 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
FlipkartFlipkart 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
OlaOla 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
FlipkartFlipkart 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
eBayI-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
FlipkartWhy 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
FlipkartBinny 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
WalmartReportedly, 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
IndiaDeliveries 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
IndiaIndian 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 BansalReally 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
FlipkartWalmart-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
IndiaThe 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
FlipkartFlipkart 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
FlipkartFlipkart'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
IndiaFlipkart'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
FlipkartComplaint 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
IndiaFlipkart 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
IndiaFlipkart'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
IndiaE-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
IndiaFlipkart 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
IndiaWalmart 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
IndiaA 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
IndiaFlipkart 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
FlipkartFlipkart launches office in Palo Alto
On 12th August, 2016, Indian e-commerce giant Flipkart established an office in the United States of America.