• ALL DEALS
    Govt hikes funding for start-ups, Flipkart invests more in Myntra

    Photo: iStock What to watch out for: • Flipkart invests another Rs.338 crore in its fashion portal Myntra: In an attempt to boost its leadership position in the fashion segment, Flipkart has infused Rs.338 crore into online fashion store Myntra. The fresh funds come at a time when Myntra’s nearest rival, Rocket Internet-backed Jabong, is […]

  • NEWS
    Flipkart invests another Rs338 crore in Myntra

    For the year ended 31 March 2015, Myntra’s revenue grew 77% to Rs758 crore from Rs427.26 crore the previous year. Photo: Bloomberg In an attempt to boost its leadership position in the fashion segment, Flipkart has infused Rs.338 crore into online fashion store Myntra, according to documents filed with the Registrar of Companies. Myntra Designs […]

  • ALL DEALS
    Flipkart flips CEO post, Binny Bansal replaces Sachin Bansal

    A file photo of Sachin Basal (left) and Binny Bansal. Photo: Hemant Mishra/Mint New Delhi/Bangalore: It was the flip no one saw coming. On Monday, India’s largest e-commerce platform Flipkart.com named co-founder Binny Bansal as its new chief executive officer (CEO), replacing Sachin Bansal, in a move that it claimed would strengthen its management bandwidth […]

  • NEWS
    Flipkart  restructures core unit, shuffles senior staff

    Binny Bansal, new CEO of Flipkart. Photo: Pradeep Gaur/Mint Bengaluru: Flipkart Ltd has restructured the company’s core retail and marketplace business and moved many of the firm’s senior executives into new roles, a day after it named co-founder Binny Bansal as its new chief executive officer (CEO), said two persons familiar with the matter. Flipkart’s […]

  • NEWS
    Flipkart secures a credit line of over Rs450 crore from HDFC Bank; Amazon’s localization of mobile tech boosts demand for its app

    Photo: iStock What to watch out for • Capital markets regulator Securities and Exchange Board of India to fast-track market reforms, ease start-up funding. • Amazon’s localization of mobile tech boosts demand for its app. • Flipkart has secured a credit line of over Rs.450 crore from private sector lender HDFC Bank, according to latest […]

  • ALL DEALS
    Flipkart bets on large appliances to power next stage of growth

    Flipkart started selling large appliances again in early 2014, nearly a year after it was forced to withdraw these products because of customer complaints about late deliveries and poor quality of products. Photo: Hemant Mishra/Mint Bengaluru: India’s largest e-commerce firm Flipkart Ltd is banking on sales of high-priced products such as television sets, refrigerators and […]

  • ELECTRONICS
    Flipkart Big Billion Days Sale Day 4: What’s on Offer

    It’s the fourth day of the Flipkart Big Billion Days Sale, and while the madness of day 3 might be behind us, there are still plenty of deals on popular electronics. Friday’s best offers include deals on tablets, audio equipment, laptops, and more. But before we get into the deals, here are some tips: 1) […]

  • ALL DEALS
    Flipkart to offer its logistics services to third-party e-commerce firms

    Flipkart is also gearing up to roll out an inter-city customer-to-customer courier service called eFlash in the next two months. Photo: Bloomberg Bengaluru/New Delhi: Flipkart Ltd, the country’s largest online retailer, has thrown open its logistics services eKart to third-party e-commerce firms even as the company is gearing up to roll out an inter-city customer-to-customer […]

  • NEWS
    Alibaba in talks to buy Flipkart stake

    Jack Ma, founder of Alibaba Group. If the Flipkart-Alibaba deal goes through, it will make Alibaba one of the three most important investors in India, along with Tiger Global Management and Japan’s SoftBank Group. Photo: Bloomberg New Delhi/Bengaluru: China’s Alibaba Group, which has backed Paytm and Snapdeal, is looking to increase its footprint in India […]

  • NEWS
    Why Morgan Stanley’s action on Flipkart is bad news for Indian unicorns

    Given that Flipkart is expected to list its shares in the US at some point over the next few years, the valuation estimates of the mutual funds will be an important indicator of how stock market investors will value the company. Photo: Hemant Mishra/Mint Bengaluru/New Delhi: Late last month, Flipkart India Pvt. Ltd, the country’s […]

  • ALL DEALS
    Mukesh Bansal to leave Flipkart; Ankit Nagori to also quit

    Mukesh Bansal, the head of Flipkart’s commerce platform, will leave by April. Photo: Hemant Mishra/Mint Bengaluru: Mukesh Bansal and Ankit Nagori, who are among the most powerful executives at Flipkart Ltd, have resigned to start their own ventures, leaving co-founder Binny Bansal firmly in control of the country’s largest e-commerce company. Mukesh, the head of […]