Sachin Bansal

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

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.

Five famous alumni of IIT Delhi you should know about

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.

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

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.

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.

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

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.

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.

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.

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.

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

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.

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.

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.

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.

Amid landmark Walmart-Flipkart deal, many fear for survival

12 May 2018

Amid landmark Walmart-Flipkart deal, many fear for survival

This week saw one of the most important acquisitions in Indian history, as Walmart poured in $16bn into Flipkart for a 77% stake.

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.

Ola's Bhavish Aggarwal joins Padukone, Kohli, Nadella in TIME 100

20 Apr 2018

Ola's Bhavish Aggarwal joins Padukone, Kohli, Nadella in TIME 100

A Bollywood star, an Indian cricketer, and an Indian-origin tech giant CEO feature in this year's TIME 100 list- an "annual list of the world's most influential people...whose time, in our estimation, is now."

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 is reinventing its back-end technology by infusing Artificial Intelligence

26 Mar 2018

Flipkart is reinventing its back-end technology by infusing Artificial Intelligence

For any successful business, and especially in an e-commerce space, back-end technologies must scale proportionally with the fast-growing demands.

I am an entrepreneur, I should not be taken seriously

15 Feb 2018

I am an entrepreneur, I should not be taken seriously

That entrepreneurs are dreamy is an understatement. People outside the 'chaar dewari' find this job glamorous, people inside it find it lonely.

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.

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

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.

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.

Flipkart partners with global firms to push private labels

01 Sep 2017

Flipkart partners with global firms to push private labels

Indian home-grown e-commerce platform Flipkart, in a bid to push its private labels, has now decided to work closely with manufacturers in China, India and other Southeast Asian countries.

SoftBank buys stake in Flipkart, becomes its largest shareholder

10 Aug 2017

SoftBank buys stake in Flipkart, becomes its largest shareholder

Flipkart just announced that it has received a mix of primary and secondary capital from the SoftBank Vision Fund.

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.

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.

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 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.

E-commerce sellers will pay 2% tax at source in GST

17 Feb 2017

E-commerce sellers will pay 2% tax at source in GST

E-commerce giants like Amazon, Flipkart and Snapdeal are trying to convince the government to scrap from the final Goods and Services Tax draft, the 2% tax that e-commerce marketplaces collect from sellers on their platform.

Flipkart in talks with Google for funds

06 Jan 2017

Flipkart in talks with Google for funds

Sources said Flipkart is in talks with Google to secure its next round of funding; talks with Walmart have also not collapsed yet according to insiders.

Flipkart's internet arm sees losses double to touch Rs.2,306 crore

28 Nov 2016

Flipkart's internet arm sees losses double to touch Rs.2,306 crore

After scripting massive expenditures in an attempt to combat the rising rivalry from Amazon, Flipkart's internet division, Flipkart Marketplace saw its losses double to Rs.2,306 crore for the financial year that ended on 31 March, 2016.