Sachin Bansal: The poster boy of Indian ecommerce who redefined 21st century startups
Sachin led 11-year-old Flipkart through most of its existence as CEO from 2008 to 2015, and, with the current stake sale, has reached a milestone.
Madhav Chanchani
Walmart can invest another $3 billion in Flipkart at the same valuation
Walmart's additional $3 billion investment will up its shareholding by 10-12 per cent.
24 hrs after Flipkart deal, Softbank is having some serious second thoughts on stake
On Wednesday, during presentation of results in Japan, Son had inadvertently disclosed the deal before Walmart and Flipkart could announce it in India.
Big kill for Tiger, hauls home $3.3 billion
Of Flipkart’s biggest backers, Tiger Global Management will take home $3.3 billion while SoftBank gets $4 billion. There is good news for staff too as they are in for a windfall of $500 million
Walmart’s acquisition of Flipkart rakes in $500m moolah for Flipsters
Flipkart’s stock options are granted over a four-year period, with employees allowed to vest them every month after a one-year threshold.
Sachin Bansal quits Flipkart as Walmart wanted only one founder on board
In a bid to forestall the queries, Flipkart group CEO Binny Bansal told employees at a town hall that Sachin was “not part of the platform anymore”.
Will invest Rs 5,000 crore to super charge Paytm in 2018: Vijay Shekhar Sharma
Mobile payments company Paytm aims to double transactions from 1 billion per quarter this year to 2 billion by the end of this year.
ShareChat valuation may hit $400 million in new round
The deal is expected to increase the valuation of the startup 4-5 times to $400 million in less than six months after it raised funds from Xiaomi and Shunwei late last year.
Tiger’s Fixel to remain on board Flipkart after Walmart deal
Tiger Global Management will continue to hold around 5% stake in the company after Walmart and Google-owner Alphabet pick up the stake, the sources said.
Walmart’s entry into Flipkart may see CEO Sachin Bansal's exit
The decision on Sachin’s exit from Flipkart may be decided over the next one week as Flipkart and Walmart decide on the contours of the board.
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