Sachin Bansal Hired as the new MD of Navi Technologies: Report

Fintech firm Navi Technologies has hired Sachin Bansal as its new managing director, after the latter invested whopping INR 3000 crore in the company barely few weeks back. Navi’s management has approved Bansal’s appointment as the new MD, according to the media reports. Earlier this month, Flipkart’s ex-CEO and…

ByGirish ShettiApril 13, 20200Comments

News

Walmart doesn’t rule out IPO for Flipkart

When will Flipkart, India’s most coveted and the most valued startup, set the ball rolling for an IPO. This is probably one of the most teasing questions of the Indian startup industry and the answer to this question has been long overdue. Logo of Flipkart Flipkart’s parent company Walmart has hinted that this teasing question will be…

ByGirish ShettiMarch 9, 20200Comments

Funding News

Ninjacart Raises Undisclosed Amount from Flipkart and Walmart

Ninjacart got a massive funding boost on Wednesday after Walmart and its subsidiary company as well as India’s homegrown retailer giant announced undisclosed amount of investment in the B2B agritech startup. Earlier this year, it was reported that even Amazon was in talks to infuse funds in the Bengaluru headquartered company. However, the negotiations apparently…

ByGirish ShettiDecember 12, 20190Comments

News

It’s Official: Flipkart Pumps $60 Mn in Logistics Startup Shadowfax

After months of speculations, Flipkart has finally led a $ 60 Mn funding round in popular logistics startup Shadowfax. Media reports were rife since August that Walmart owned company has signed a term sheet to pump $ 40 -50 Mn funds in the Bengaluru headquartered logistic firm. Techpluto had also covered a story on its…

ByGirish ShettiDecember 6, 20190Comments

Funding News

Binny Bansal Planning to Launch $400 Mn VC Fund

In what could spell good news for startups, Flipkart’s co-founder Binny Bansal is in the midst of launching a new venture capital (VC) fund with a target corpus of $300 – 400 Mn, according to Times of India (TOI). The fund will look to back capital starved Indian startups but will also look to infuse…

ByGirish ShettiSeptember 9, 20190Comments

News

Flipkart makes Management Reshuffle Ahead of the Festive Season: Report

In a big reshuffle at the top management level, Flipkart has decided to promote its 5 high performing executives to the top post of vice presidents, according to Economic Times, which claims to have the access to internal mail sent by the Flipkart CEO Kalyan Krishnamurthy. Flipkart picks 5 VPs ahead of The Big Billion Days Flipkart…

ByGirish ShettiSeptember 5, 20190Comments

Funding News

Binny Bansal Sells Flipkart Shares Worth $14 Mn to Tiger Global: Report

Henceforth Binny Bansal will have bigger funds in his kitty to invest in indian startups, after the Flipkart co-founder decided to sell off his additional shares in the company to existing investor Tiger Global for nearly $14 Mn. This news was broke by the investment and startup data platform Paper.vc but neither Bansal nor anyone…

ByGirish ShettiSeptember 2, 20190Comments

Funding News

Flipkart closing on $40 Mn investment in logistic startup Shadowfax: Report

India’s home grown e-commerce giant Flipkart is closing on $40 Mn investment in the logistic startup Shadowfax, according to people privy with the matter. The deal will most probably propel the Bengaluru based logistic startup’s market valuation to nearly $200 Mn. Shadowfax co-founders (Left Mr Vaibhav Khandelwal Right Mr.Abhishek Bansal) According to the sources, Flipkart has already…

ByGirish ShettiAugust 30, 20190Comments

Funding News

PhonePe Receives Fresh Capital Infusion to Combat Increasing Competition

Flipkart owned PhonePe has received fresh capital infusion from its Singapore based parents entity, according to company’s latest filings with the Registrar of Companies (ROC). The digital payment lender has received Rs 698 crore from Singapore headquartered PhonePe Private Limited, ROC documents disclosed. PhonePe has received Rs 698 crore from its Singapore based entity Earlier this year,…

ByGirish ShettiJuly 30, 20190Comments

News

Flipkart claims not Flouting FDI Rules; Open for Audit

Flipkart’s CEO Kalyan Krishnamurthy has strongly asserted that it is fully complying with India’s newly announced FDI rules and is open for an audit to steer away any doubts on this front. The Walmart owned company came under cloud of suspicion for flouting FDI rules following last month’s meeting between the Commerce & Industry minister…

ByGirish ShettiJuly 3, 20190Comments

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