Flipkart Fashion and Myntra will continue to be run independently, although it is not clear how much focus will remain on Jabong and if it will continue operations.
The woman who raised the allegations against Bansal served as a call centre executive at Flipkart.
'Regulations should exist for OTT players but for data localisation it does not matter where data sits'
The New York-based investment firm has issued term-sheets to the two software companies, according to three people aware of the development.
Google India has remitted Rs 16,119.6 crore — all of it earned in India — to Ireland and Singapore.
Paytm Mall saw its financials deteriorate with a loss of Rs 1,787.55 cr on total revenue of Rs 774.86 cr in FY18.
India will be the most competitive market in the world in terms of funding sources as well as number of startups believes Hans Tung, managing partner at GGV Capital.
The deal, if successful, will value FirstCry — which retails baby care products both online and offline — at about $800-900 million.
Vijay Shekhar Sharma says firm is targeting gross sales of about $500 million during festive season
1-2% stake picked up by China’s Hillhouse Capital in a deal pegged at around Rs 50 crore.
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