Mihir Dalal

Binny Bansal seeks $100m cash payout from Walmart after Flipkart exit

Earlier, Bansal would have received cash from Walmart for over half of his 4-4.5% Flipkart stake worth over $850 million after August 2020.


Flipkart CEO Kalyan Krishnamurthy on road ahead for Jabong, Myntra

Over the past few weeks and months, massive changes have taken place at Flipkart, most notably the exit of Flipkart co-founder Binny Bansal. Since Bansal’s exit, Flipkart’s current chief executive Kalyan Krishnamurthy is the undisputed leader at the online retailer, with Myntra and Jabong now reporting into him. In a… Read more »


India: Logistics startup BlackBuck eyes unicorn tag; looks to raise up to $250m

The company has so far raised over $100 million from investors including Accel Partners, Sands Capital and Tiger Global.


Walmart to merge Jabong with Myntra, axe falls on 200 jobs

While Myntra has been growing fast, Jabong has struggled to expand sales this year.


Myntra future uncertain as Walmart puts it under Flipkart

Until now, Myntra, while being a wholly owned unit of Flipkart, has operated completely independently.


Flipkart Group CEO Binny Bansal resigns following misconduct probe

Bansal said he would continue to hold his substantial stake in Flipkart and remain a member of its board.


After Walmart payout, Flipkart top gainers may turn investors

In May, Walmart agreed to buy a 77% stake in online retailer Flipkart for $16 billion.


Venture capital investors hitch a ride on mobility startups in India

At least half a dozen new mobility startups in India—including Rapido, Ather Energy, Bounce and Vogo—are in funding talks to raise large amounts of capital.


BigBasket in talks to raise $300-400m funding at $1.5-2b valuation

Alibaba-backed BigBasket may end up raising about $300-400 million as part of the latest funding talks.


Flipkart co-founder Sachin Bansal may invest up to $100m in EV maker Ather Energy

Apart from Ather Energy, Bansal is also reportedly close to investing about $100 million in cab-hailing firm Ola.