Flipkart’s Binny Bansal invests in 3D printing startup Supercraft3D

VCCircle_Binny_Sachin_Bansa-2Additive manufacturing 3D printing startup, Supercraft3D has raised $1 million (Rs 6.6 crore) in seed funding from Flipkart founder Binny Bansal, along with four other angel investors, according to a media report on Tuesday. The Bengaluru-based startup, founded in early 2016 and operated by Supercraft3D Wellness Pvt Ltd, provides visualisation solutions to help hospitals, doctors […]

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Flipkart names Kalyan Krishnamurthy new CEO, Binny Bansal Group CEO

Binny-BansalE-commerce company Flipkart on Monday named Kalyan Krishnamurthy its new chief executive officer and made co-founder and current CEO Binny Bansal the group CEO in a major organisational restructuring. Krishnamurthy, a former Tiger Global executive, currently heads the design organisation category. Co-founder Sachin Bansal will continue to be the executive chairman, “providing strategic direction for […]

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Flashback 2016: Flipkart braves markdowns, Amazon threat

For-Flipkart-Story-TC_Shah-JunaidA steep markdown in valuation, series of top-level exits, heightened competition and prolonged funding drought—India’s biggest e-commerce company Flipkart has had a tumultuous year, to put it mildly. In fact, this was the first year since 2011 when investors didn’t infuse any capital into the company. Flipkart had raised $750 million in mid-2015. The previous […]

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Flipkart, Amazon to bet big on fashion in 2017

TC-lead-flipkartIndian e-commerce heavyweights Flipkart and Amazon India are aggressively focusing on the high-margin fashion segment as they aim for profitability in the long run. Both Amazon India and Flipkart are expanding their private labels in addition to exploring more exclusive brand partnerships to open up more revenue opportunities in fashion, one of the fastest growing […]

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Flipkart CEO says Amazon can’t win e-commerce battle with capital

Binny BansalFlipkart and Amazon — the top two e-commerce players in India — are engaged in a fierce battle for supremacy in the country’s fastest growing market. Even after gaining around 80% market share in fashion e-commerce, the market leader Flipkart faces stiff competition from its arch rival Amazon which is pouring money into India to […]

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Aerospace startup Team Indus secures launch contract from ISRO

IMG_20161201_125358Bengaluru-based aerospace startup Team Indus, which is incorporated as Axiom Research Labs Pvt Ltd, has landed a commercial launch contract with the Indian Space Research Organisation (ISRO). The contract will allow Team Indus to land a spacecraft on moon as part of its bid to win the Google Lunar XPRIZE. The moon mission is costing […]

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Aerospace startup Team Indus secures launch contract from ISRO

IMG_20161201_125358Bengaluru-based aerospace startup Team Indus, which is incorporated as Axiom Research Labs Pvt Ltd, has landed a commercial launch contract with the Indian Space Research Organisation (ISRO). The contract will allow Team Indus to land a spacecraft on moon as part of its bid to win the Google Lunar XPRIZE. The moon mission is costing […]

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How Tiger Global-backed fashion venture Roposo is diversifying its revenue streams

Tiger Global-backed fashion startup Roposo has decided to expand its businesses such as influencer marketing and brand campaigns besides launching a chat feature for better user engagement. The company is also testing the cost-per-click model wherein it plans to charge partner vendors on clicks on the products showcased on its platform, co-founder Mayank Bhangadia told […]

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Investing in startups is a form of philanthropy: Flipkart co-founder Binny Bansal

Binny and Sachin BansalFor Sachin Bansal and Binny Bansal, founders of the country’s largest e-commerce firm Flipkart, investing in startups is a way of giving back to the ecosystem. The two started Flipkart in 2007 as an online book store from their two bedroom apartment, turning into what is today the biggest and most-funded e-tailer in the country. […]

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Flipkart to enter groceries, furniture segments; to sell Make-in-India products

FlipkartHome grown e-commerce giant Flipkart plans to enter the groceries segment next year and will further develop its furniture business in a move to take on its biggest rival Amazon India. The firm intends to scale the grocery business operations over a three-year period, Binny Bansal, Flipkart’s chief executive officer, told Reuters. Flipkart will add […]

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