On January 11, 2017 11:08 (IST)
The company, which recently announced top-level changes, said the restructuring is aimed at "improving operational efficiencies".
On January 10, 2017 14:55 (IST)
The highly competitive e-commerce market in India has driven players to offer steep discounts in a bid to snag market share. This in turn has raised concerns around profitability and dented valuations of many e-tailers including Flipkart.
On January 10, 2017 10:40 (IST)
The shake-up follows a series of valuation writedowns for Flipkart, which has seen its lead in the online market in India eaten into by global e-commerce giant Amazon.
On January 09, 2017 22:59 (IST)
Kalyan Krishnamurthy, currently heading the Category Design Organisation, will become the CEO of Flipkart.
On December 05, 2016 12:59 (IST)
Sachin Bansal and Binny Bansal, founders of Flipkart, have been jointly named "Asian of the Year 2016" by Singapore-based newspaper The Straits Times as part of a group called the "The Disruptors".
On November 20, 2016 16:40 (IST)
India's top e-commerce player Flipkart plans to move into the groceries space and make a renewed push in the online furniture business, as it expands its product portfolio and looks to outmaneuver global giant Amazon.com in a burgeoning Indian market.
On September 22, 2016 15:07 (IST)
New-age retailer Flipkart's co-founders Sachin and Binny Bansal made a surprise exit from the Forbes list of India's 100 wealthiest people, while yoga guru Ramdev's close associate Balkrishna has entered the ranking with a net worth of $2.5 billion.
On September 21, 2016 11:11 (IST)
Homegrown e-tailer Flipkart has crossed the 100-million registered users mark, becoming the first e-commerce company in the country to hit the milestone.
On September 09, 2016 10:57 (IST)
Vijay Shekhar Sharma, 38, is the richest entrepreneur in India below the age of 40, according to Hurun's India rich list for 2016. The net worth of Paytm's founder jumped 162 per cent in the past one year to Rs 7,300 crore, says the report.
On August 27, 2016 11:29 (IST)
The rejig at Flipkart, the third major one this year, comes at a time when the Bengaluru-based firm is locked in a battle with global rival Amazon for market leadership.
On April 01, 2016 14:30 (IST)
Flipkart on Friday announced the acquisition of PhonePe, a city-based mobile payments company co-founded by the e-commerce giant's two former employees. PhonePe, co-founded by Sameer Nigam and Rahul Chari, is building India's first Unified Payments Interface (UPI) based product.
On January 28, 2016 23:23 (IST)
Fashion e-tailer Myntra on Thursday said there will be no merger of its in house logistics business with Flipkart's logistics arm, Ekart.
On January 11, 2016 14:22 (IST)
Flipkart, India's biggest e-commerce company, on Monday said its chief executive and co-founder Sachin Bansal will step down and be succeeded by its other co-founder, Binny Bansal.
On January 11, 2016 13:52 (IST)
E-commerce major Flipkart on Monday announced that Binny Bansal, co-founder and COO, will be the new chief executive officer of the company. Co-founder Sachin Bansal, who is the current CEO, will be the executive chairman.
On December 03, 2015 15:03 (IST)
Online commerce giant Flipkart has acquired a strategic minority stake in navigation and tracking solutions provider MapmyIndia to strengthen its supply chain management.
On October 30, 2015 20:40 (IST)
Leading e-retailer Flipkart is hopeful of becoming profitable in the next 2-3 years and expecting to launch its IPO in 2-5 years, co-founder Binny Bansal said on Friday.
On October 30, 2015 17:16 (IST)
Flipkart, India's biggest online marketplace, said it would invest more than Rs 3,250 crore ($500 million) in fulfillment centres across the country and was in talks with state governments.
On September 24, 2015 13:08 (IST)
Flipkart's co-founders Sachin and Binny Bansal have made it to the prestigious Forbes list of richest Indian billionaires for the first time, the magazine said on Wednesday.