Sachin Bansal “Doesn’t Give A Shit” About Flipkart’s Valuation
Today, when the Economic Times published an article titled “10 per cent markup by Valic gives Flipkart reason to cheer”, Sachin Bansal had this to say.
Author: OfficeChai Team
Dotting the i's, crossing the t's.
Indian Working Women Will Soon Get A Mandated 26 Week Maternity Leave
The Indian government has just approved a bill (the Maternity Benefit (Amendment) Bill) to extend the mandated maternity leave from 12 weeks to 26 weeks in all organizations employing 10 or more people.
Flipkart’s Valuation Raised Again, This Time By Valic
Flipkart seems to have turned a corner as far as its valuation by investors is concerned. After Fidelity had raised its valuation by 2.7% two weeks ago, Flipkart has now had its valuation raised by mutual fund investor Valic, this time by 10%.
Exclusive: SAIF Partners Backed Care24 Fires 20 People From Its Mumbai Office
Care24, a SAIF Partners-backed startup, has fired around 20 people from its Powai office.
Woman Announces New Job With A Hilarious ‘Engagement’ Photoshoot
The job market is competitive, and finding one can be extremely challenging. Finding a good soulmate can be the only thing tougher than finding a good job. However, this woman from New York seems to think otherwise. Delighted by having scored a lovely job, Benita Abrahams, decided to give it the respect the event deserved and created a photoshoot with her…job.
Tata Motors Launches Condom Brand For Truck Drivers
Tata Motors, one of the biggest manufacturers of trucks in the country, has launched a condom brand called Dipper for truck drivers.
Monster.com Acquired By Dutch Company For $429 Million
‘Tis the season of big acquisitions. After Microsoft – Linkedin and Verizon – Yahoo, another biggie gets acquired.
Randstad Holdings, an Amsterdam-based human resources and recruitment specialist, announced that it would acquire job hunting portal Monster Worldwide, for $429 million in cash. The NYSE listed company is currently valued at $3.50 per share and interestingly one of the biggest job portals in the world, bigger than its buyer.
Jet.com Has Been Acquired For $3 Billion
This is the usual startup lifecycle, but on crack. Jet.com was founded in late 2014. It became a unicorn in 2015, hitting a valuation of $1 billion 4 months after its launch. And today, it was acquired by Walmart for $3 billion.
Mark Zuckerberg Lets Us Take A Peek Inside Facebook’s Huge And Geeky Hardware Lab
Not satisfied with having built and leading the world’s biggest online social network, Facebook wants to dominate the world, and to that, some of its future offering includes Virtual Reality sets, Solar powered planes, Wifi emiting machines, and of course ever bigger servers to secure all that information you share with it.
CEO Mark Zuckerberg has just shared scintillating photos from the lab that will make all of this.