The curious case of Flipkart’s valuation

Vivek-sinha3Orson Welles’ Citizen Kane is a Hollywood classic. It starts with the mystery surrounding the dying word–Rosebud–of the newspaper baron Charles Foster Kane, played by Welles himself, and then moves back and forth through the protagonist’s life. What does a 75-year-old movie made 9,000 miles away from Bangalore have to do with Indian startups and its poster […]

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Is Ola shutting down hyperlocal grocery delivery service?

OlaClose on the heels of e-commerce giant Flipkart shutting down its hyperlocal grocery delivery app Nearby, cab-hailing firm Ola seems to be following suit. Ola may pull the plug on its hyperlocal grocery delivery app, Ola Store, in less than a month, NDTV’s Gadget 360 reported  citing a person familiar with the development. The report […]

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Flipkart appoints ex-Fidelity exec Nitin Seth as HR head

Nitin-Seth_feThe country’s largest e-commerce venture Flipkart has appointed Nitin Seth as chief people officer, it said in a press statement. Prior to this, Seth was the managing director and country head for Fidelity International in India. “It is our goal to make Flipkart the best place to work…I am confident that Nitin will play a […]

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Amazon overtakes Flipkart as most visited Indian e-com site: comScore

E-commerce giant Amazon Inc said on Monday it has become the most visited e-commerce site in India beating local rival Flipkart in the month of October citing comScore data. It said Amazon.in clocked 30 million unique visitors during the month ahead of Flipkart.com, Jabong.com and Snapdeal.com. A year ago Rocket Internet-incubated online fashion retailer Jabong […]

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How Flipkart is going through a top-level churn

Flipkart, the country’s largest e-commerce venture, seems to be a poaching ground for India’s fast-growing consumer internet startups. At least 16 senior executives have exited Flipkart and its lifestyle e-tailing unit Myntra over the last six months, according to publicly available data. While seven of them moved on to take up senior positions in smaller […]

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Ola hires Joy Bandekar from Flipkart to head new initiatives

Ola, the country’s largest cab aggregator, has hired Joy Bandekar from e-commerce firm Flipkart as its corporate president to lead new initiatives. Bandekar will also be part of Ola’s leadership team, the company said in a press release. A mechanical engineer and an MBA from Narsee Monjee Institute of Management Studies, Bandekar was corporate president at Flipkart prior […]

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Flipkart hires Tata Communication’s Sanjiv Saddy to manage corporate affairs

Flipkart, the country’s largest e-commerce firm, has appointed former Tata Communication’s executive Sanjiv Saddy as senior vice president of corporate affairs and business development. Saddy will focus on building relationship with various stakeholders, help with policy and administrative issues and also aid in real estate and business development at Flipkart, the company said in a […]

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Flipkart acquires minority stake in MapmyIndia

The country’s largest e-commerce venture Flipkart has acquired a minority stake in GPS navigation and location-based services provider MapmyIndia for an undisclosed amount. As part of the transaction, MapmyIndia’s early investors Nexus Venture Partners and Lightbox Ventures will exit the company, the two companies said in a joint statement. Flipkart will also license map data […]

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