Exclusive: Tiger Global may be part-exiting Flipkart with 3x return

EXIT_FREE2Tiger Global, the biggest investor in Flipkart, may have struck a deal with Microsoft and other new investors to sell a part of its stake in the e-commerce company in the latest fund-raising round that valued it at $9.3 billion pre-money, a person familiar with the conversations told VCCircle. While US online retailer eBay, Chinese […]

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ShopClues investors rally behind Radhika and Sanjay in battle against Sandeep Aggarwal

Sanjay Sethi and Radhika AggarwalShopClues investors have rallied behind the firm’s management led by Radhika Aggarwal and Sanjay Sethi in their showdown with founder and CEO Sandeep Aggarwal—the estranged husband of Radhika—who went public about their marital discord and accused her of stalling his re-entry into the company. The firm’s board has rejected Sandeep’s claims and termed his public […]

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ShopClues co-founder Sandeep Aggarwal accuses wife of stalling his re-entry

Marital discord, it seems, has engulfed another Indian unicorn. This time around, Tiger Global-backed e-commerce marketplace ShopClues’ co-founder and former CEO Sandeep Aggarwal, who stepped down after his arrest in the US for insider trading, has accused his wife, co-founder and chief business officer Radhika Aggarwal, and co-founder and CEO Sanjay Sethi of thwarting his […]

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Simplilearn is education company of the year: VCCircle Awards

VCCircle AwardsEd-tech firm Simplilearn Solutions Pvt. Ltd has won the News Corp VCCircle education company of the year award for 2017 for the business innovation it has demonstrated and the progress it has made on the global expansion front. The eminent jury, chaired by Arun Duggal, chairman of ratings agency ICRA, unanimously acknowledged the San Francisco-based […]

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Forest fire blazing through Indian startup ecosystem: Inventus’ Kanwal Rekhi

Kanwal-Rekhi_feKanwal Rekhi, co-founder and managing director at VC firm Inventus Capital Partners, has been a known sceptic of the capital-intensive model of India’s e-commerce companies. At the News Corp VCCircle LP Summit 2017 in Mumbai, he was in sublime form, mincing no words when quizzed about issues plaguing the country’s leading consumer internet companies. Speaking […]

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Flipkart COO Nitin Seth looks to ‘bring back the DNA’ by rehiring old hands

Nitin SethE-commerce major Flipkart, which has seen continuous churn at the top level for the last few quarters, is quietly working to revamp its senior leadership team by bringing back old hands. At least half-a-dozen senior executives have returned to the company in the last few months. Flipkart COO Nitin Seth, who also oversees the human […]

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Former Fidelity India executive Pratul Chopra joins Flipkart

Pratul-Chopra_feThe founder of carpooling app iRideShare and former head of marketing analytics at Fidelity India Pratul Chopra has joined Flipkart’s senior leadership team. At Fidelity, Chopra had worked under Nitin Seth, former country head of Fidelity in India and currently Flipkart’s chief operating officer. Chopra joined on Monday and will be part of strategy deployment. […]

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We went through near-death experience many times, says Nutanix founder

Dheeraj-PandeyThough Dheeraj Pandey is fairly well known and connected among the who’s who of the tech industry, he hit headlines in his home country only late last year. Cloud computing firm Nutanix, which Pandey co-founded seven years ago in Silicon Valley, exceeded market expectations during its Nasdaq debut in September to hit a $5 billion […]

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Microsoft’s India cloud plans get booster shot as Flipkart signs up

Binny-Bansal,GroupCEOand-Co-FoundSatyaNadellaCEOMicrosoft_tc_feGlobal technology leader Microsoft and India’s top e-commerce firm Flipkart have announced a broad collaboration under which, as a first step, the latter will use Microsoft Azure as its exclusive public cloud platform. Microsoft CEO Satya Nadella and Flipkart group CEO Binny Bansal together announced the partnership at an event in Bangalore on Monday. The […]

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Flipkart has no plans to cut jobs, says COO Nitin Seth

VCCircle_Flipkart8Flipkart’s chief operating officer Nitin Seth has allayed fears that employee rationalisation, which has been rearing its head in the country’s e-commerce sector, will engulf the company as well. “We had to go through that phase last year but with the growth we saw in the last quarter and January, and with February shaping up […]

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