WebSep 4, 2024 · New Delhi: Sachin Bansal, co-founder of e-commerce giant Flipkart, has mounted a court challenge against the Enforcement Directorate (ED), which has accused him and others of violation of... WebMar 10, 2024 · New Delhi: Binny Bansal, the co-founder of e-commerce giant Flipkart is mulling an investment of about $100-150 million in PhonePe, the Economic Times reported quoting people in the know of...
Flipkart Business Model How does Flipkart make …
WebFeb 25, 2024 · Tanglin Venture Partners, Flipkart co-founder Binny Bansal’s BTB Ventures and Korea’s KB Investment Co. were among those that joined its latest financing round, the company said in a statement. The funding valued the Bangalore-based startup at more than $300 million, a person familiar with the transaction said. ... WebBinny Bansal Flipkart Co-Founder and Board Member Singapore 126K followers 500+ connections Join to view profile xto10x Technologies … highland black scotch whisky aldi
Flipkart co-founder challenges Indian enforcement agency probe
WebIn October 2007, Bansal and his co-founder, Binny Bansal, started an online bookstore, Flipkart, with an initial capital of ₹400,000 (US$5,600). [6] [12] For about 18 months they received ₹10,000 every month as … Flipkart was founded in October 2007 by Sachin Bansal and Binny Bansal, alumni of the IIT, Delhi and former Amazon employees. The company initially focused on online book sales with country-wide shipping. Flipkart slowly grew in prominence and was receiving 100 orders per day by 2008. In 2010, Flipkart … See more Flipkart Private Limited is an Indian e-commerce company, headquartered in Bengaluru, and incorporated in Singapore as a private limited company. The company initially focused on online book sales before … See more According to a report in November 2014, Flipkart operated with a complex business structure that included nine firms, some registered in Singapore and some in India. In 2012, Flipkart co … See more In November 2012, the Indian Enforcement Directorate began investigating Flipkart for alleged violations of the foreign direct investment regulations … See more Flipkart launched an in-app streaming service called Flipkart Video in August 2024, so as to compete with industry rivals like Amazon who were also offering premium video options. The initial line up of content was curated from the service providers like See more The initial development budget of Flipkart was ₹400,000 (US$5,000). It later raised funding from venture capital firms Accel India (receiving US$1 million in funding in 2009) and See more A group of scammers was arrested by the police in Lucknow in 2024 who used the platform to scam the customers. The scam included replacing … See more Flipkart operates several house brands, including Citron (home appliances) and Digiflip (formerly for electronics and accessories). In 2024, Flipkart launched additional house brands, including Billion (smartphones), Smartbuy (electronics accessories, … See more WebMar 10, 2024 · Flipkart Co-founder Binny Bansal may invest as much as $100-150 million in PhonePe, as part of an ongoing financing round, report the Economic Times (ET) citing multiple people in the know of the development. A person familiar with the matter told ET, “The amount that he (Binny Bansal) is investing is yet to be finalised. how is benitoite formed