Articles about Sachin Bansal

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.

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

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.

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.

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

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.

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.

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.

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.

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.

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.

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

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

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

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

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'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.

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.

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

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.

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

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 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.

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

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

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.

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.

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.

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.

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

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

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

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

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

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

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.

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.