Search Results for:Mihir Dalal
Walmart was initially keen on retaining Bansal but reversed after Flipkart board decided to cut him out.
Fixel has net a return of more than $3.5b and still retains a 4-5% holding.
Ashish Gupta had invested Rs10 lakh in Flipkart in 2009. He has made several other astute bets, including MuSigma and MakeMyTrip. At least three other investments in India have yielded big gains: cloud computing platform Minjar was bought by Nutanix this year, Merittrac was bought by Manipal in 2016 and IT services firm Daksh by IBM in 2004.
Sachin Bansal stands to make anywhere between $1-1.5 billion from the sale. But that won’t console the 36-year-old.
Flipkart will look at more buys but they will be heavily capability driven, says Flipkart co-founder and group CEO Binny Bansal.
The fear of missing out proved to be strong enough to override concerns about slower-than-expected e-commerce growth in India and Flipkart’s losses.
Walmart will buy roughly 70% of Flipkart; it will invest $2b in fresh capital & buy rest from existing Flipkart investors
BigBasket, which raised $300 million from Alibaba Group Holding Ltd and others in February, is in talks to raise between $300 million and $500 million from Alibaba and new investors.
SoftBank may retain all of its stake for at least one year more to avoid paying a large tax
In dealing with investors, Aggarwal has been ahead of the curve compared with other top entrepreneurs. He strengthened his legal rights and restricted those of SoftBank last year.