Flipkart’s Sachin Bansal and Ola’s Bhavish Aggarwal take potshots at ‘non-Indian’ firms

For-Bansal-Aggarwal-Story_ThinkstockPhotos-516357942_feAs the country’s internet and mobile economy is booming in a battle for ideas and capital, Indian founders of startups are increasingly taking aggressive stands against foreign-origin firms. Sachin Bansal, co-founder of India’s biggest e-commerce firm Flipkart and Bhavish Aggarwal, co-founder of ride hailing service Ola were speaking at an event on Wednesday in Bengaluru. […]

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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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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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Flipkart, Snapdeal, Shopclues say demonetisation good for e-commerce industry

Event_0Honchos of leading consumer internet companies in India have jointly hailed the demonetization move of the Central government. In an industry forum organised in New Delhi on Wednesday, top executives from companies such as Flipkart, Snapdeal, Shopclues, CCAvenues, 1mg Technolgoies, Ola and Oyo Rooms, welcomed the move saying it will pave the way for digital […]

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Not afraid of Amazon or Alibaba, says Sachin Bansal; stresses on ecom cos’ need to raise funds

Sachin BansalFlipkart co-founder and executive chairman Sachin Bansal said ecommerce companies will need to continue raising funds to invest in functions such as talent and technology as the sector is still at its infancy. “E-commerce will need a lot more investments because the market is constantly growing, it’s still at its infancy, it’s going to grow […]

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US President-elect Trump elicits mixed reactions from Indian entrepreneurs

trump_facebookUS President-elect Donald Trump seems to have divided the Indian startup fraternity. Reactions on him becoming the most powerful person on earth diverged from welcoming to downright standoffish. Yashish Dahiya, co-founder and chief executive of PolicyBazaar.com, says Trump’s victory will bring good in several ways, including fight against terrorism. “It clearly shows that you win […]

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Sachin and Binny Bansal will take Flipkart to greater heights, says outgoing CFO Sanjay Baweja

Sanjay BawejaIt has not been a great year for Flipkart so far. Markdowns by investors, constant struggle to retain leadership in the market thanks to fierce competition from an aggressive Amazon and failure to retain top talent internally—India’s largest ecommerce firm has been facing its demons. To add it to woes, Bengaluru-based Flipkart’s chief financial officer […]

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