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March 4, 2016 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 March 3, 2016 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 […]
ALL DEALS March 2, 2016 Flipkart sees 400% increase in sale of household items over weekend
The company launched home items last January and now claims to sell “a substantial part” of all home products sold online. Photo: Hemant Mishra/Mint Bengaluru: India’s largest e-commerce company Flipkart Ltd said it reported a 400% increase in daily unit sales of household items such as towels, bulbs and small appliances as well as furniture […]
ALL DEALS March 1, 2016 Flipkart shuts grocery delivery app Nearby
Flipkart’s move to shut Nearby comes as newly appointed chief executive Binny Bansal is cutting costs and sharpening the company’s focus on its key strengths: electronics and fashion sales and logistics. Photo: Hemant Mishra/Mint Bangalore: India’s largest e-commerce firm Flipkart Ltd will shut its groceries delivery app, Nearby, less than five months after the company […]
