Binny Bansal Sells Flipkart Shares Worth Rs. 200 Crore, Personal Stake Goes Down From 7.6 To 5.2%
Binny Bansal is cashing in on his Flipkart fortune. The Flipkart founder sold $30-$35 million (Rs. 200 crore) worth of Flipkart shares during…
Category: Startups
Flipkart Lost Rs. 24 Crore Per Day In 2017
Flipkart might’ve raised a lot of money in 2017, but it also lost a lot. Flipkart’s losses ballooned to Rs. 8,771 crore in…
The Softbank-Alibaba Invasion: The Two Companies That Are Eating Up India’s Startup Ecosystem
India’s startup ecosystem is diverse — it is home to thousands of companies, employs millions of people, and services India’s billion-plus population. But in spite…
Alibaba Has Just Invested Rs. 1,250 Crore In BigBasket
Alibaba’s betting on India, and it’s betting big. The very same day it emerged that it had put $200 million into Zomato, Alibaba has…
Breaking: Alibaba Has Just Invested Rs. 1,300 Crore Into Zomato
Zomato had a stellar 2017, and 2018 has brought with it a significant new investor. Ant Financial, Alibaba’s fintech subsidiary, will invest $200…
India’s E-commerce Momentum Fizzles Out, Growth Falls 26% In 2017
India’s much-hyped e-commerce story is already showing signs of fizzling out. Growth in online retail in the country has fallen for the second consecutive…
India’s Startup Community Has Come Together To Congratulate Ola For Its Australia Launch
Ola’s Australia’s launch has impressed not only the ride-hailing startup community, but also fellow entrepreneurs from across India and the world. Startups founders…
This New Technology Lets You Replace Yourself With A Person With An iPad Stuck To Their Face
Video conference calls are pretty great. They let you communicate remotely, and even let you attend business meetings even when in your pajamas….
Paytm’s ESOP Sale Turns 20 Employees Into Dollar Millionaires, Office Boy Makes Rs. 20 Lakh
Paytm might not be making any real profits just yet, but its employees are beginning to earn some real money. An estimated 20-25…