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FLIPKART BOARD RESHUFFLE
UPI market share cap hurdle for PhonePe; Small is big for BlinkitPhonePe CEO Sameer Nigam said the 30% market share cap on Unified Payment Interface is a hurdle for its IPO plans. This and more in today’s...
PhonePe beefs up board with former revenue secretary, two Walmart executivesPhonePe, the Walmart-backed digital payments major, has strengthened its board of directors with the induction of Tarun Bajaj, former reven...
More startups want to ‘flip’ back to India; SoftBank’s returns from listed firmsStartups are moving their overseas holding entities to India ahead of their forthcoming public listings, especially in the fintech sector w...
Bob van Dijk abruptly steps down as CEO of Prosus, parent NaspersProsus has invested over $10 billion in India with a portfolio of startups such as Swiggy, Flipkart, Urban Company, Byju’s, Meesho and othe...
3, 2, 1... mission on to spot stars of the startup galaxy at The Economic Times Startup Awards 2023Coming in a year when the technology industry has been hit by turbulence, it was not easy to pull this nominee list together. But, what sur...
Zepto announces top-level changes; Vikas Sharma appointed as COOLast month, Zepto, which is backed by Y Combinator’s Continuity Fund, had appointed Ramesh Bafna as chief financial officer.
Another Indian alliance for Flipkart as it ties up with AdaniAs part of the Flipkart-Adani partnership, the fulfilment centre that will be set up at the Adani Logistics hub in Mumbai will be leased to...
Flipkart makes leadership changes ahead of planned IPOFlipkart has appointed Unilever’s Hemant Badri as senior vice president for its supply chain operations, and shuffled and expanded the role...
Flipkart appoints JPMorgan’s Saroj Panigrahi as general counsel ahead of IPOBijoya Roy, who has led Flipkart’s legal operations since January 2019 will transition to the role of vice president and will report to Sen...
IPO-bound Flipkart rejigs board to add CEO Krishnamurthy, 3 othersThe Flipkart board reshuffle comes soon after Walmart spun off PhonePe and amid plans for an overseas listing.
Sachin Bansal quits Flipkart as Walmart wanted only one founder on boardIn a bid to forestall the queries, Flipkart group CEO Binny Bansal told employees at a town hall that Sachin was “not part of the platform ...
Walmart sees Flipkart as key to atone for missteps in ChinaIn buying Flipkart, Walmart would seek to redress missteps in China, where it initially bought an unprofitable, second-tier online marketpl...
SoftBank Vision Fund invests $2.5 billion in FlipkartWhile the company did not disclose an amount, the total investment is pegged at $2.5-2.6 billion making it the largest shareholder in the c...
Kalyan Krishnamurthy to be Flipkart's new CEO; Sachin Bansal to remain group chairmanThe move comes a year after a reorganisation where Binny Bansal took over as CEO. Firm elevates Binny as group CEO; Sachin to remain as gro...
Sachin Bansal to lead strategy, Binny is CEO in major Flipkart rejigFlipkart is engaged in a fierce battle with US-based Amazon and local competitors such as Snapdeal, Paytm and ShopClues to retain its marke...
Flipkart CTO Amod Malviya quits active role, engineering head Sameer Nigam quits tooAmod Malviya is moving to an advisory role at Flipkart, Bansal wrote. Sameer is moving from Flipkart to start an entrepreneurial venture in...
Flipkart rejigs top management, hands over more responsibility to Myntra founder Mukesh BansalThe reshuffle will also result in a higher profile for Ankit Nagori, the marketplace head who will also now oversee general merchandise and...