Flipkart CEO Binny Bansal’s email hacked, ask to transfer $80,000

Flipkart has lodged a police complaint that its CEO Binny Bansal’s official email account was hacked and two mails were sent from it to the company’s CFO asking for transfer of $80,000 as published in Times Of India. Cybercrime police

Flipkart launches online wallet “Flipkart Money”

To take on freecharge and paytm, Flipkart launched Flipkart Money. Flipkart Money has been launched on Android devices right now, where it can be topped up with Rs 10,000 at a time using credit card, debit card and net banking as

Flipkart shuts down its grocery delivery app Nearby

India’s largest e-commerce firm Flipkart Ltd will shut its groceries delivery app, Nearby, less than five months after the company started testing it, two people familiar with the matter said, reported the Livemint newspaper. The Nearby app was launched as an

Here’s What Flipkart’s Mukesh Bansal (Myntra Co-founder) said in goodbye letter to employees

As you all know, Mukesh Bansal, who was heading the commerce and advertising business of Flipkart, quit on Wednesday, weeks after the co-founder of the country’s largest e-commerce company, Binny Bansal, became the chief executive officer. Anyway Mukesh Bansal would continue to

Flipkart to continue funding discounts says Sachin Bansal

E-commerce major Flipkart will continue to fund discounts to win customers and stay ahead of the competition while investing in back-end operations, the company’s co-founder and chief executive Sachin Bansal said here today. “As Flipkart, and the overall e-commerce industry

Mukesh Bansal – head of commerce platform (Myntra’s Co-founder ) has quit Flipkart

Mukesh Bansal and Ankit Nagori, two of the three most powerful executives at Flipkart Ltd, are leaving the company to start their own respective ventures, leaving co-founder Binny Bansal firmly in control of India’s largest e-commerce company. Mukesh, the head

Flipkart, Snapdeal, Jabong, 21 others under ED scanner for flouting FDI norms

After a retailers’ association in New Delhi and the Delhi High Court, the Enforcement Directorate has now pulled up e-commerce companies in India for allegedly flouting foreign investment norms in the country. As reported by Hindustan Times, Out of 21

Media-Tech startup ZAPR raises funding from Flipkart, Saavn, Micromax and Mu Sigma cofounders

Bangalore based media-tech startup, ZAPR, has raised an undisclosed amount of funding led by Flipkart, with participation from Saavn, Micromax and Mu Sigma cofounders – Dhiraj Rajaram and Ambiga Dhiraj. This round also saw participation from existing investors – Dinesh

E-commerce major Flipkart announces new management structure

Country largest e-commerce platform Flipkart today announced that Sachin Bansal, CEO and Co-founder of Flipkart, will be the Executive Chairman of the company and Binny Bansal, COO and Co-founder of Flipkart, will be the new Chief Executive Officer of Flipkart. In his

Snapdeal to invest in logistics to compete with Flipkart and Amazon

Online marketplace Snapdeal, backed by Japan’s SoftBank Group Corp and others, will spend more on logistics and technology to better compete with Flipkart and Amazon’s Indian unit, its co-founder said on Monday. Shopping online is becoming more popular in India

Flipkart and Blume ventures invests in mobile gaming startup Mech Mocha

Bangalore-based mobile gaming firm Mech Mocha has raised an undisclosed amount of seed funding from e-commerce major Flipkart and seed-stage investor Blume Ventures. The Startup plans to use fresh funds to scale up team and build multiple games for the

Accel Partners sells $100-mn stake in Flipkart to QIA: Report

Venture capital firm Accel Partners has sold a small stake in Indian e-commerce firm Flipkart to sovereign wealth fund Qatar Investment Authority (QIA) for $100 million, the Economic Times reported on Monday, citing two people aware of the transaction. The

FlipTrends 2015 – How Digital India shops on Flipkart via Flipkart Stories

What’s the top selling brand on India’s leading online marketplace? What brand of mobile phone is most popular with online buyers? Which cities do India’s top online shoppers come from? What are top emerging categories of products that you can

Flipkart’s cofounders become angels for Rahul Yadav’s new e-gov startup

Flipkart cofounders Sachin and Binny Bansal have invested an undisclosed seed funding in online realty portal Housing’s former CEO Rahul Yadav’s new startup Intelligent Interfaces. The startup aims to bring efficiencies in the processes of the  Indian government, Yadav said. “The startup will be

BlackBuck raises 167 Crores from Tiger Global, Flipkart, Accel

BlackBuck, a business-to-business logistics startup , has raised USD 25 million (about Rs 167 crore) in funding from Tiger Global, Apoletto (DST-Yuri Milner’s Founders Fund), Accel and Flipkart. The company had received USD 5 million funding earlier this year from

Flipkart suffers Rs 2,000-crore loss in Discount war

Flipkart posted a loss of about Rs 2,000 crore in the year ended March, amounting to a fifth of its rapidly rising sales, as the country’s largest online retailer spent heavily to fund discounts to win customers and stay ahead

Flipkart seems to Fail in App Only – starts ‘Flipkart Lite’ mobile website

In April, Flipkart, the highly valued Indian e-commerce startup, looked ready to kill its mobile website. Visitors were met with a full-screen message directing them to download Flipkart’s app. Mostly, it is agreed that a business needs to be where

Commerce Ministry Asks RBI, Enforcement Directorate to Probe if Flipkart, Amazon Flouted Rules

The Commerce Ministry has requested the Enforcement Directorate and RBI to examine whether e-commerce majors Flipkart, Amazon and Snapdeal violated FDI rules by engaging in business-to-consumers (B2C) activity. The move followed a complaint filed by traders’ body CAIT which alleged

Aditya Birla Launches ABOF.com – Papa is Here, Flipkart!

When Columbus first discovered Indian island, when Graham Bell first discovered telephone or, when Tim Berners Lee, first invented WWW (the Internet), they all would be happy of their own successes, and the world might also be praising their individual

Flipkart Sells 500,000 Handsets in 10 Hours

E-commerce major Flipkart today said it has sold half a million mobile handsets within 10 hours as part of its The Big Billion Days sale. “This sets a record for the highest number of mobile phones sold in India in

Flipkart Opens Fulfilment Centre Near Gurgaon to meet the growing needs for consumer electronics

E-commerce giant Flipkart on Sunday announced the opening of a fulfilment centre in Luhari, close to Gurgaon, to meet the growing needs for consumer electronics and durables in the northern region. With this new facility, Flipkart now has a total

Amazon injects $190 Mn in Amazon Seller Services to take on Flipkart & Snapdeal

Amazon has invested Rs 1,234 crore in its Amazon Seller Services, in what is its largest amount to be pumped into its Indian flagship operations since its entry in 2013. The investment takes Amazon’s total infusion into Amazon Seller Services

Flipkart receives notice from Delhi police for selling stolen mobiles to customers

Delhi Police Monday sent a notice to Flipkart and asked them to join a probe into the sale of hundreds of mobile phones stolen by agents registered with the e-tailer. The notice, addressed to the CEO of Flipkart, came following

Flipkart appointmented Sriram Venkataraman of Unilever as CFO

Flipkart on Sunday announced appointment of Sriram Venkataraman as chief financial officer (CFO) for its commerce platform and Pramod Jain as vice president and head of taxation. Sriram will head all aspects of the finance function for the platform and

ItzCash, Flipkart join hands for Better Online experience

ItzCash has announced a partnership with online marketplace Flipkart to reach out to the next billion segment or primarily the ones without having access to either a debit or a credit card. This partnership is in the form of a

Journey of Flipkart – 4 lakh to $16 Bn in 8 years – Infographics

Journey of Flipkart – 4 lakh to $16 Bn in 8 years – Infographics Sachin Bansal and Binny Bansal launch an e-commerce website retailing books in October 2007. Today, the near-20% stake they hold, along with the top management and

Flipkart appoints Tech Executives from Amazon, Google, Microsoft

E-commerce giant Flipkart on Tuesday announced appointments of three former Amazon, Google and Microsoft senior technology executives to different roles in the company. The firm appointed Amazon’s Dan Rawson as head of customer logistics and supply chain ecosystems, while Google’s

Networking Platform for real estate brokers, Plabro raises $350K from Flipkart co-founders & others

E-commerce major Flipkart’s co-founders Sachin Bansal and Binny Bansal, along with some others investors, have invested $3,50,000 in real estate start-up ‘Plabro Networks’. The Gurgaon-based start-up has recently launched a mobile application ‘Plabro’ to connect property brokers and help them

Paytm & Flipkart founders to back Rahul Yadav’s new data analytics venture

Paytm founder Vijay Shekhar Sharma, Flipkart co-founder Sachin Bansal and Micromax co-founder Rahul Sharma have made personal investment into former CEO of Housing.com Rahul Yadav’s new venture which will be a data analytics and visualisation firm. The name of the venture is

Flipkart launches Ping, in-app chat feature to enhance the shopping experience of users.

Flipkart launched a new chat feature called Ping inside its mobile app to allow users to share product images and chat with each other even while shopping. This new feature in the application will be available in Android and iOS platforms

Indian E-commerce Giant Flipkart Drags Nikon to Court

Indian E-commerce Giant Flipkart has Dragged Nikon to Court over an alert issues on the Nikon website about that cautioned customers from buying its products from online sellers. On June 14, 2014, Nikon had said on its site that e-commerce sites

Flipkart Co-founder backed Roposo raises another $15 million funding from Tiger Global

Unique fashion discovery platform Roposo, first seeded by Flipkart’s co-founder Binny Bansal has become the talk of the town after raising another $15 million (Rs 95 crore) from Tiger Global just a few months after having drawn a $5-million series A cheque from

Snapdeal to raise $500 mn from Alibaba, SoftBank, Foxconn to compete with Flipkart and Amazon

Jasper Infotech, which owns and operates online marketplace Snapdeal.com is set to raise $500 million in investment from Alibaba Group Holding, SoftBank Group and Foxconn, the trading name of Hon Hai Precision Industry, a person familiar with the matter said

Offline & Online Game Maker MadRat Games Secures Funding From Flipkart & Snapdeal founders

Bangalore-based offline & online game maker MadRat Games has raised about Rs 1.8 crore from the founders of ecommerce rivals Flipkart and Snapdeal. Sachin Bansal and Binny Bansal of Flipkart made their investment in November while Snapdeal’s Kunal Bahl and Rohit Bansal did so recently.

Wrig Nanosystems, raises Rs 15 crore in funding from Flipkart Cofounders

Wrig Nanosystems, a medical technology startup founded by an IIT Delhi graduate, has raised Rs 15 crore in funding from Flipkart Cofounders, Sachin and Binny Bansal, former Ranbaxy and Fortis promoters Malvinder and Shivinder Singh, investment firm Round-Glass Partners’ Gurpreet

Flipkart raises $700 million in latest round of funding of big ecommerce race.

Flipkart has closed a funding round of $700 million (Rs 4,500 crore) at a valuation of $15 billion, scooping up capital for the first time this year as the battle for dominance in the Indian online retail market heats up.

Amazon India has caught up with Flipkart and overtaken Snapdeal in terms of monthly unique visitors in May

While all E commerce giants are fightly to acquire more customers and visitors to their website. Latest data from Internet analytics firm comScoreData, Amazon India had 23.6 million unique visitors in May, edging past Flipkart narrowly. While Flipkart saw 23.5 million

Zinka Logistics secures $6Mn in funding from Accel Partners and Flipkart

Bengaluru-based startup for Online freight-booking service Blackbuck, recently renamed Zinka Logistics, raised around $6 million (Rs 38 crore) from Flipkart and Accel Partners. The online marketplace’s first significant move in its recent efforts to improve its logistics and supply chain capabilities. The

Flipkart founders back Data Analytics Firm “Tracxn” To Launch Startup Incubator TracxnLabs

Data analytics firm Tracxn that provides financial information on start-ups has raised a new round of funding led by Flipkart founders Sachin Bansal and Binny Bansal alongwith a few other angels participating. Tracxn has raised over $10 Mn in this round for launching

Flipkart unveils a new logo, tagline & brilliant short film about your wishes

India’s leading e-retailer Flipkart unveiled its new logo in an attempt to capture the elements of youthfulness and playfulness. The new logo was conceptualised and designed by the Flipkart design team and an external agency Umbrella Design. The letter F in

Tiger Global invests $12m in Flipkart founders-backed electric vehicle start-up Ather Energy

Ather Energy, a Bengaluru-based start-up, currently designing a smart electric two-wheeler, has received $12 million (around Rs 75 crore) in funding from Tiger Global. Ather was incubated out of Indian Institute of Technology-Madras in 2013 by Tarun Mehta and Swapnil

Mobile marketing Appiterate acquired by Flipkart

Flipkart, India’s largest online marketplace, has acquired New Delhi-based mobile engagement and marketing automation company Appiterate to strengthen its mobile technology presence. The financial terms of the deal were not disclosed. Post the acquisition, Appiterate mobile marketing automation platform will be

Flipkart Announce Partnership With Mumbai Dabbawalas for Last Mile Delivery

Flipkart has announced Dabbawalas of Mumbai will assist for last mile delivery to their customers. This move will give an extra boost & strength to supply chain department of Company. According to Flipkart, they will partner with the company’s delivery

Flipkart Plans to Sell Grocery Online, Cover Attractive Online Retail Segment

Flipkart Plans to begin selling groceries from the second half of this year, sources said, entering a line of business which is crowded but also regarded as an attractive one for online retailers. The service, most likely to be launched as

earlysalary
EarlySalary Successfully Crossed the INR 1000 Crore Disbursal Mark in Just 3 Years

EarlySalary, India’s largest consumer lending mobile application has crossed the INR 1000 crore disbursal mark by virtue of their continuous focus on innovation in the lending space. Akshay Mehrotra and Ashish Goyal established the Pune based startup in 2016. The

ship-rocket
Worried about Shipping for your online business? This startup has a solution for You.

Most small sellers could not cater to their customers as they could ship only to a limited number of pin codes. Other than this, there weren’t payment options available and they could not offer COD to their buyers. Most sellers

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How to Start a Small Business in India – 7 Step Guide to launch

Things are changing in India, more and more people are coming forward to fulfill their entrepreneurial dream and starting small businesses. Different people have different reasons to start their business, and many have great business ideas, independent working and much

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Startups in Bangalore – 20 Most Amazing Startups to Look at

Apart from Unicorns Like Flipkart, Inmobi, Mu Sigma, Bangalore is also home for some of the most innovative companies in Bangalore.

Be warned of the Culture of Excess in Indian Startup Ecosystem

The big moves are made to polarise. You can’t win everyone, at the same time, it is important to let go of those who aren’t pretty much bhakts of what it is that you are building to get to the finish

Types of Entrepreneurs India Has Produced

Name the first 5 global entrepreneurs that come to your mind. When I was asked to, I named Steve Jobs, Mark Zuckerberg, Jeff Bezos, Jack Ma and Bill Gates, while I still had Elon Musk, Richard Branson and Warren Buffett