Search Results for:Mihir Dalal

The behind-the-scenes story of Sachin Bansal’s exit from Flipkart

Walmart was initially  keen on  retaining Bansal but reversed after Flipkart board decided to cut  him out.


How Lee Fixel, Flipkart’s godfather in New York, changed India’s startup ecosystem

Fixel has net a return of more than $3.5b and still retains a 4-5% holding.


Flipkart’s first angel investor lands nearly $20m payoff with Walmart deal

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’s journey from Flipkart CEO to outcast

Sachin Bansal stands to make anywhere between $1-1.5 billion from the sale. But that won’t console the 36-year-old.


Acquisitions to drive Flipkart’s future growth, says Binny Bansal

Flipkart will look at more buys but they will be heavily capability driven, says Flipkart co-founder and group CEO Binny Bansal.


How Walmart made its way to the finish line with Flipkart

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.


Flipkart, Walmart set to announce world’s biggest e-commerce deal

Walmart will buy roughly 70% of Flipkart; it will invest $2b in fresh capital & buy rest from existing Flipkart investors


BigBasket eyes $500m war chest as Walmart, Amazon loom

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 weighs options to cut tax liability in Flipkart stake sale

SoftBank may retain all of its stake for at least one year more to avoid paying a large tax


Ola’s Bhavish Aggarwal tries to prevent the fate of Bansals, Snapdeal founders

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.