Binny Bansal

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Binny Bansal - Total results - 139
Binny Bansal, GGV Capital and others lead $60 mn funding in online gold loan startup Rupeek
Business

Binny Bansal, GGV Capital and others lead $60 mn funding in online gold loan startup Rupeek

Founded in 2015, Rupeek is currently disbursing gold loans at an annual run rate of more than $200 million

Binny Bansal leads $12.5 mn funding in Mobikon; CEO says funds will be used for expansion activities
Business

Binny Bansal leads $12.5 mn funding in Mobikon; CEO says funds will be used for expansion activities

Mobikon, which provides software platforms for restaurants, on Friday announced a fund raise of $12.5 million in a round led by Flipkart co-founder Binny Bansal

Binny Bansal sells Flipkart shares worth over $14 million to Tiger Global; Tiger Fund increases stake in e-tailer
Business

Binny Bansal sells Flipkart shares worth over $14 million to Tiger Global; Tiger Fund increases stake in e-tailer

In June this year, Bansal is said to have sold a small portion of his shares to FIT Holdings SARL, Walmart’s Luxembourg entity, for about $76.4 million

Nearly two weeks after investing in NCDs, Sachin Bansal invests Rs 50 cr debt in consumer lending startup Kissht
Business

Nearly two weeks after investing in NCDs, Sachin Bansal invests Rs 50 cr debt in consumer lending startup Kissht

Bansal's debt investment in Kissht, operated by Onemi Technology Solutions, is reportedly convertible to equity if any repayment issues arise, which is unlikely to happen.

Sachin Bansal invests Rs 200 cr in NCDs of Piramal Enterprises; company to use fund for financial services business
Business

Sachin Bansal invests Rs 200 cr in NCDs of Piramal Enterprises; company to use fund for financial services business

In May this year, Bansal had announced an investment of $32 million in electric vehicle manufacturer Ather Energy, which had raised $51 million in its latest round of funding.

Binny Bansal sells Flipkart shares worth over $76 million to Walmart's Luxembourg-based entity FIT Holdings SARL
Business

Binny Bansal sells Flipkart shares worth over $76 million to Walmart's Luxembourg-based entity FIT Holdings SARL

Bansal transferred more than 5.39 lakh of his Flipkart shares to Walmart's Luxembourg-based entity -- FIT Holdings SARL

Sachin Bansal plans to acquire majority stake in Bengaluru-based microfinance firm, may take role of CEO
Business

Sachin Bansal plans to acquire majority stake in Bengaluru-based microfinance firm, may take role of CEO

Sachin Bansal is planning to pick up as much as 75 percent stake in Bengaluru-based Chaitanya Rural Intermediation Development Services

SpotDraft raises $1.5 million funding led by Binny Bansal and Sailesh Tulshan-backed 021 Capital
Business

SpotDraft raises $1.5 million funding led by Binny Bansal and Sailesh Tulshan-backed 021 Capital

Founded in 2017 by Bijapur and Madhav Bhagat (CTO), SpotDraft had raised seed fund of Rs 3.5 crore ($5,50,000) from Hunch ventures as its lead investor

Binny Bansal reveals his ambitious plans to help other startups after quitting Flipkart
Business

Binny Bansal reveals his ambitious plans to help other startups after quitting Flipkart

Bansal is now focused on xto10x Technologies, a startup he has co-founded with former colleague Saikiran Krishnamurthy

Flipkart-Walmart deal: Sachin Bansal pays Rs 699 cr advance tax for Q1 FY19; Binny Bansal yet to disclose capital gains
Business

Flipkart-Walmart deal: Sachin Bansal pays Rs 699 cr advance tax for Q1 FY19; Binny Bansal yet to disclose capital gains

In May, Bentonville, Arkansas-based Walmart Inc acquired 77 percent stake in Flipkart for about $16 billion in its biggest acquisition till date.

Flipkart focussed on bringing next 200 mn Indians into e-commerce fold; betting big on grocery, furniture: CEO Kalyan Krishnamurthy
Business

Flipkart focussed on bringing next 200 mn Indians into e-commerce fold; betting big on grocery, furniture: CEO Kalyan Krishnamurthy

Krishnamurthy said Flipkart will continue to invest in innovation for consumers and sellers in the coming year as it focusses on "impactful, inclusive growth"

Flipkart rejigs senior leadership team, appoints Sriram Venkataraman as chief operating officer
Business

Flipkart rejigs senior leadership team, appoints Sriram Venkataraman as chief operating officer

Venkataraman, who is currently the chief financial officer at Flipkart, is assuming the additional role as COO, according to an e-mail sent to employees by Flipkart CEO Kalyan Krishnamurthy.

Binny Bansal 'misconduct' charges: Police files non-cognisable offence against woman accuser, closes case after brief probe
India

Binny Bansal 'misconduct' charges: Police files non-cognisable offence against woman accuser, closes case after brief probe

A non-cognisable case was filed against a woman on a complaint by Flipkart co-founder Binny Bansal, but was later closed after a brief probe.

Walmart-Flipkart deal: Income Tax Department issues notices to Sachin and Binny Bansal on capital gains
Business

Walmart-Flipkart deal: Income Tax Department issues notices to Sachin and Binny Bansal on capital gains

The deal, wherein co-founder Sachin Bansal and Japan's Softbank Corp Group exited, valued Flipkart at $20.8 billion.

Binny Bansal's exit: More heads to roll at Flipkart as home-grown giant's loyalists may not fit into Walmart culture
Business

Binny Bansal's exit: More heads to roll at Flipkart as home-grown giant's loyalists may not fit into Walmart culture

Headhunters revealed to Firstpost that they have been receiving feelers from Flipkart ever since the Walmart acquisition of the firm.

After Binny Bansal's exit, at least 20 executives at Flipkart may step down; Myntra-Jabong CEO Ananth Narayanan to continue
Business

After Binny Bansal's exit, at least 20 executives at Flipkart may step down; Myntra-Jabong CEO Ananth Narayanan to continue

Bengaluru-based Myntra, which was bought by Flipkart in 2014, could also see a job cut of up to 500 people

Binny Bansal's exit from Flipkart makes India Inc respond to sexual harassment queries with increased urgency
Business

Binny Bansal's exit from Flipkart makes India Inc respond to sexual harassment queries with increased urgency

This week’s resignation of Binny Bansal, the chief executive of Walmart Inc’s Indian venture Flipkart, following an internal probe into accusations of personal misconduct, is expected to only add to the momentum.

Myntra-Jabong CEO Ananth Narayanan may step down following changes in reporting structure at Flipkart
Business

Myntra-Jabong CEO Ananth Narayanan may step down following changes in reporting structure at Flipkart

Kalyan Krishnamurthy will continue to be CEO of Flipkart, which will now include Myntra and Jabong, continuing to operate as separate platforms within the Flipkart business

Flipkart engages with staff to allay worries over business after Binny Bansal's sudden exit following allegations of misconduct
Business

Flipkart engages with staff to allay worries over business after Binny Bansal's sudden exit following allegations of misconduct

Walmart -- Flipkart's parent entity -- on Tuesday issued a statement saying Flipkart co-founder Binny Bansal had resigned as the group chief executive officer.

Binny Bansal resigns from Flipkart on charges of 'personal misconduct': A case of opportunism on Walmart's part?
Business

Binny Bansal resigns from Flipkart on charges of 'personal misconduct': A case of opportunism on Walmart's part?

Investors chose to view the 'sexual allegation' against Binny Bansal as 'purely speculative', as they wondered what could stop the American retail giant from stating that.