Flipkart Chief Executive Binny Bansal said the home-grown e-commerce player plans to begin experimenting with grocery sales next year and scale up operations over a three year period.
People leaving an organisation also indicate that the organisation has enough talent and can do without them
Krishnamurthy's elevation is also seen as a move to reduce Binny Bansal's role at Flipkart's core operations in order to revamp operations at the etailer
The Gurgaon-based company is said to be reporting a revenue run-rate of $750 million based on the gross merchandise value of the goods sold
Existing investors Tiger Global, Bharti and Softbank Group also participated in this round
Xpressbees delivers over 60,000 shipments daily
Online marketplace ShopClues has said it has raised over $100 million (roughly Rs. 615 crores) in Series D funding from a group of investors led by Tiger Global.
Sequoia Capital India Investment III held 4.65 percent stake, Sequoia Capital India Growth Investment Holdings I and SCI Growth Investments II held 4.25 percent stake each.
The shares were offloaded on 19 May based on the closing price of Rs 1,138.65 and the transaction is estimated to have been valued at Rs 431.49 crore.
SurveyMonkey CEO and husband of Facebook Chief Operating Officer Sheryl Sandberg, Dave Goldberg, died unexpectedly on Friday night, his brother wrote in a Facebook post on Saturday.
Shares of Just Dial yesterday rose 0.84 percent to settle at Rs 1,319.70 apiece on the BSE
HolidayIQ said it will raise fresh round of funds from its existing investors, Tiger Global Management and Accel Partners for expanding its base in the mobile app segment.
Quikr is a large-scale cross-category online classifieds business with more than 30 million monthly consumer and small businesses users in 940 cities.<br />
Hike is a joint venture between Bharti Enterprises and SoftBank Corporation.<br />
Hike, which competes with messaging apps such as WhatsApp and Line, said it has more than 35 million users with more than 90 percent from India.<br />
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.
Brands have woken up to the bounties afforded by tying up exclusively with e-commerce sites like Flipkart and Amazon.
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.