Accel
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Flipkart buys back shares worth $350 million to convert into pvt ltd firm ahead of potential deal with Amazon or Walmart
Fp Staff •Amazon is believed to have offered Flipkart a higher valuation of about $22 billion, along with a break up fee of $2 billion, compared to Walmart's $18-20 billion valuation of the Bengaluru-based company
Accel Makes New Hire From Splunk
Fp Archives •Jake Flomenberg is Accel's youngest partner, which will allow him to connect with the increasingly youthful set of entrepreneurs.
Nikesh Arora quits Softbank: Calm down folks, it is no disaster for Indian startups
Mahesh Murthy •Healthcare services startup Portea raises $37.5 mn in Series B funding
Fp Archives •Portea had previously received $9 million Series A funding from Accel, Qualcomm Ventures and Ventureast in December 2013
Myntra's chief on how they will continue to compete with Flipkart
Fp Staff •Earlier this month, Flipkart had announced raising $1 billion in a single round of funding, while rival Amazon announced upping its India operations investment to $2 billion, the very next day.<br />
At Rs 1,200 cr, Flipkart bags single-largest investment in Indian e-commerce
Fp Archives •The online retailer raises $200 million from its existing investors.
E-commerce wars: Not just Flipkart vs Amazon, it's now Murthy vs Premji, Tata
Fp Staff •Narayana Murthy and Azim Premji are at opposing ends of the e-commerce battle, with the Infosys co-founder partnering with Amazon and the Wipro chairman having investments in Myntra and Snapdeal.
Decoding Motorola, Xiaomi's online flash sales: Why it's a win-win-win
Kamakshi •Brands have woken up to the bounties afforded by tying up exclusively with e-commerce sites like Flipkart and Amazon.
Watch out, Myntra! Snapdeal has plans to hit Rs 6,000 cr in fashion sales by FY16
Fp Staff •Snapdeal has lined up a host of new products and services, focussing on the fashion vertical, in an attempt to give rivals Flipkart and Myntra a run for their money.
Amazon will deliver your Diwali gift by drones in just 90 mins of placing order
Fp Staff •Mobiles and books will be delivered within 90 minutes to three hours of an order being placed. The pilot project will be tested in Mumbai and Bangalore since that is where Amazon has its fulfillment centres.