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4 days ago · Flipkart, founded by Sachin and Binny Bansal, is a pioneering example in India’s startup ecosystem. Despite facing numerous challenges, including competition from Amazon, Flipkart’s focus on customer satisfaction, innovative services, and strategic acquisitions led to its success and eventual acquisition by Walmart. Learning from Failures
4 hours ago · Consider this: one in every 10 stocks in the BSE 500 now sports a price-to-earnings of over 100X. This is far higher than the 27X that the index trades at. Market watchers globally are spellbound. But compared to the US market—another bull run story which is driven by tech stocks and AI optimism—India’s is a broad-based story.
4 days ago · The startup, which is backed by Endiya Partners, Accel, Chiratae Ventures and Flipkart Co-founder Binny Bansal, has raised about $40.8 million in funding so far. Interview ...
2 days ago · Former Amazon executive, Sachin Bansal, teamed up with pal Binny Bansal, also a billionaire, in 2007 to found Flipkart as an online seller of books. The duo, who share the same surname but are...
5 days ago · Another factor that contributed to Flipkart’s downfall was a series of leadership changes. In 2018, Walmart acquired a majority stake in Flipkart, leading to the departure of co-founder Binny Bansal. The departure of key executives and founders created a leadership vacuum within the company, which had a negative impact on its overall performance.
4 days ago · AM Scoop: Binny Bansal eyes $100 -150 million stake in PhonePe; draft Digital India Bill to be ready by July. It’s Friday and we are breaking a big story as we roll into the weekend. Flipkart cofounder Binny Bansal is eyeing an over $100 million stake in online payments major PhonePe. The deal is in the works, per sources. 10 Mar, 2023, 07:32 ...
3 days ago · The data further revealed the proportion of unincorporated enterprises using the internet in rural areas increased to 13.5 per cent from 7.7 per cent, while their urban counterparts saw a rise to 30.2 per cent, from 21.6 per cent during the same timeframe. Pronab Sen, chairperson of the Standing Committee on Statistics, observed that post ...
