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Kaalari Capital has agreed with terms set by Softbank for SnapDeal's sale to Flipkart. The proposed deal will value SnapDeal at around $1 Billion.
Flipkart has raised ₹9000 crores from Tencent, Microsoft and eBay. With this fund raise, the Indian eCommerce giant has also acquired eBay's India business.
Mukesh Bansal, former co-founder of Myntra and currently at CureFit, has resigned from the board of Swiggy over "conflict of interest".
Kalyan Krishnamurthy is appointed as the next CEO of Flipkart in a recent meeting. Binny Bansal is named as CEO of group and Sachin Bansal as the Chairman.
Flipkart is planning to expand its operations. It is also planning to build new Bangalore campus in the future. Read further to find out more..
Flipkart is leasing out space in Bangalore as part of its operations. The newly merged e-commerce tycoons Flipkart and Myntra is all set to expand.