Existing and new investors will also put in additional capital in this round
By Anirban Sen
E-commerce sales in India were just $14-14.5B in 2016, little changed from 2015
Bangalore-based Tinystep was founded in July 2015 by IIT Kanpur alumnus Suhail Abidi. It connects parents where they can ask questions and share their experience as well. The startup has a team of around 20 people.
Late last October, Sandeep Singhal, a co-founder at Mumbai-based venture capital firm Nexus Venture Partners, unwittingly pronounced e-commerce company Flipkart’s epitaph. At the close of a panel discussion in Bengaluru, Singhal remarked, in jest: “Effectively what we (venture capital investors) did is collectively spend $2-3 billion on educating the Indian… Read more »
A senior Flipkart executive, who like other company sources declined to be named because he was not authorized to speak to the press, said this week’s management restructuring was on the cards from the day Krishnamurthy joined Flipkart.
India’s autos-to technology conglomerate Mahindra wants to spur a greater start-up culture within the group, looking to foster new businesses which will compliment its existing products and services. “We don’t believe start-ups are the private preserve of only garage start-ups…The corporate garage is going to be the scene of a… Read more »
A day after online marketplace Flipkart changed its chief executive as part of a radical overhaul of India’s largest Internet start-up, Saikiran Krishnamurthy, the former head of Flipkart’s logistics business, has resigned, two people familiar with the matter said. More senior executives will likely resign in the next month, the… Read more »
On Monday, India’s most valuable Internet start-up dramatically announced a top-level management overhaul and named Kalyan Krishnamurthy as the CEO of Flipkart’s core business. The overhaul was identical to the one the company’s board had effected exactly 12 months ago, when it replaced Sachin Bansal from the hot seat and… Read more »
In early 2013, Flipkart was in trouble. It had become the early leader in a nascent e-commerce market, received some $200 million in venture capital and fetched a valuation of around $1 billion. But it was besieged by problems: its losses had soared beyond control; sales growth was lower than… Read more »