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Sachin Bansal News

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.

20 Aug 2023

Meet Sachin Bansal, IITian, Who Disrupted India's E-commerce Via Flipkart

Sachin Bansal's early years were marked by his passion for technology and innovation. He pursued a degree in Computer Science Engineering from the Indian Institute of Technology (IIT) Delhi, where he honed his skills and developed a strong foundation in technology and business.

13 Sep 2022

Navi Technologies gets Sebi nod for IPO, to raise up to Rs 3,350 crore

Navi Technologies was issued the "observation letter" by Sebi on September 5, according to the latest update on the regulator's website.

12 Mar 2022

Navi IPO: Sachin Bansal's fintech company files draft papers for IPO

The proposed IPO is completely through a fresh issue of equity shares. There will be no offer-for-sale (OFS), according to the draft red herring prospectus (DRHP). Flipkart co-founder Bansal is not diluting his stake in the IPO.

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.

19 Feb 2019

Sachin Bansal invests Rs 650 crore in Ola

Bansal, last year left Flipkart after the US retail giant Walmart picked up 77 percent stake in the e-commerce company for USD 16 billion.

14 Jan 2019

Sachin Bansal invests Rs 150-cr in Ola

According to sources, Bansal is pumping in Rs 650 crore in total and the Rs 150 crore funding is part of the total investment.

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.

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.

Flipkart-Walmart deal

08 May 2018

Flipkart co-founder Sachin Bansal to sell his entire stake to Walmart: Report

Walmart is likely to announce its deal to buy a controlling stake in Flipkart before the end of this week.

Flipkart-Walmart deal

04 May 2018

Flipkart co-founder Sachin Bansal likely to quit company board: Report

US-based retail behemoth Walmart, is eyeing a majority or controlling equity stake in it to foray into the multi-billion dollar Indian retail space.

13 Dec 2017

Flipkart completes buyback of Esops for $100 million

The buyback is also the largest liquidity provided by an unlisted firm to its Esop holders for encashing an unspecified percentage of their vested stock options.

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