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27 Jan 2024

Flipkart Co-Founder Binny Bansal Officially Exits Board

The CEO of Flipkart Group stated in a release that the company is the result of a brilliant idea and extensive effort crafted by dedicated teams with a commitment to revolutionizing the way people shop in India.

business success story

28 Dec 2023

From Garage To Glory, The Extraordinary Journey Of Sachin And Binny Bansal

Sachin Bansal and Binny Bansal co-founded Flipkart in 2007, transforming it from an online bookstore into India's leading e-commerce giant, revolutionizing the country's online shopping landscape.

19 Aug 2023

Flipkart Co-Founder Binny Bansal Plans E-Commerce Startup: Report

The report said, citing sources, that Bansal will not seek to raise external funds and would rather infuse his own capital in the new e-commerce startup.

10 Mar 2023

Flipkart Co-Founder Binny Bansal Looks To Invest $100-150 Million In PhonePe

The investment amount has not been decided upon, negotiations have been ongoing and are most likely to conclude soon: Reports.

12 Jun 2022

Tencent buys stake worth Rs 2060 crore in Flipkart from Binny Bansal

Bansal holds around 1.84 per cent stake in Flipkart after selling part of his stake to Tencent. The transaction was completed on October 26, 2021. Tencent arm holds 0.72 per stake in Flipkart.

02 Sep 2019

Tiger Fund increases equity stake in Flipkart

The $514-billion Walmart acquired majority stake (77 per cent) in the city-based Flipkart on May 9, 2018 for a whopping $16 billion (Rs 107,662 crore) at $67.3 per share.

24 Jun 2019

Flipkart co-founder Binny Bansal sells part stake to Walmart for 531 crore

The latest sell-off, however, is not Binny Bansal`s first monetisation of his equity holding in 12-year-old Flipkart.

13 Nov 2018

'Stunned by allegations', says Binny Bansal in parting email to employees

Binny will continue to be a large shareholder in Flipkart, which was acquired by Walmart in May 2018.

Flipkart Group CEO

13 Nov 2018

Binny Bansal resigns from Flipkart: A Timeline of events

Walmart acquired Flipkart in May this year.

Flipkart Group CEO

13 Nov 2018

After allegation of personal misconduct, Flipkart Group CEO Binny Bansal quits

Walmart had acquired 77 percent of Flipkart for $16 billion in May.

24 Sep 2018

Flipkart may appoint new group CEO in place of Binny Bansal: Report

Walmart is considering both internal and external candidates for the position of group CEO.

Flipkart-Walmart deal

14 May 2018

Flipkart's stake acquisition 'credit positive' for Walmart: Moody's

On May 9, Walmart Inc said it is buying a 77 percent stake in Indian e-commerce retailer Flipkart for about USD 16 billion, but it is yet to disclose financing plans.

Flipkart-Walmart deal

10 May 2018

Sachin Bansal quits after Walmart-Flipkart deal, writes emotional post on FB

Sachin had once categorically said in an interview that he will never sell Flipkart.

Flipkart-Walmart deal

10 May 2018

Walmart CEO addresses Flipkart staff; says deal among best decisions

In the biggest M&A deal in the booming e-commerce sector, Walmart announced buying 77 percent stake in Flipkart for about USD 16 billion (Rs 1.05 lakh crore).

Flipkart-Walmart deal

10 May 2018

Walmart shares tumble over 4%; m-cap falls nearly $10 bn

The deal values Flipkart at USD 20.8 billion.

10 May 2018

Sachin, Binny journey: From Kart to Mart

After working for e-c0mmerce giant Amazon, the two friends set up Flipkart.

Flipkart-Walmart deal

10 May 2018

Traders oppose Walmart-Flipkart deal, industry gives thumbs up

The Confederation of All India Traders (CAIT) said the deal is nothing but a clear attempt to control and dominate the retail trade in India by Walmart through e-commerce in the long run.

Flipkart-Walmart deal

09 May 2018

Flipkart: A timeline of milestones

Sachin Bansal and Binny Bansal set up Flipkart in 2007 in Bengaluru.

11 Apr 2017

Latest funds will be used to make profits, shave off burn: Flipkart

Flipkart board member and investor, Subrata Mitra on Tuesday said money raised through the latest round of funding will be utilised to make profits and shave off company's burn on weekly basis, in a quest to ride its business towards right metrics.

Flipkart Microsoft partnership

20 Feb 2017

Microsoft-Flikpkart announce strategic tie-up

IT giant Microsoft today announced a 'strategic partnership' with Flipkart, wherein as a first step, the online retailer will adopt Microsoft Azure as its exclusive public cloud platform.

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