Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Kento to launch Android 4G,medical grid watches; carve a niche in smartwatch space

    June 9, 2023

    TEMA complements Government on BSNL Revival Plan for Rs 89,000 Crore

    June 8, 2023

    Noise launches NoiseFit Fuse expands round dial smartwatch portfolio

    June 8, 2023
    Facebook Twitter Instagram
    Trending
    • Kento to launch Android 4G,medical grid watches; carve a niche in smartwatch space
    • TEMA complements Government on BSNL Revival Plan for Rs 89,000 Crore
    • Noise launches NoiseFit Fuse expands round dial smartwatch portfolio
    • Lapcare organises Dealer Convention in Sambhaji nagar and Nashik in Maharashtra
    • URBAN Launches Nexus M: The Ultimate Calling Smart Watch with a Massive 2-Inch Fluid HD Display, Advanced Single Sync Chipset, Exclusively on Amazon
    • White-Westinghouse offers deals on Semi & Fully Automatic Washing Machines
    • Young, Dynamic Mr. Kavya Vij joins as Chief Product Manager at U&i
    • Unleash the Power of Entertainment with Kodak HD LED TVs: Unbeatable Deals Await During Flipkart Big Saving Days
    Facebook Twitter Instagram LinkedIn YouTube
    Mobility IndiaMobility India
    • News
    • Interview
      • Channel Focus
      • Retail Focus
    • Reviews
      • Product Featured
      • Hot Product
    • Featured
      • Top Stories
      • Event
      • Report
    • Gadgets
      • Smartphones
      • Imaging/Camera
      • Laptops
      • TV
      • Audio
      • Apps
    • E Mobility
      • EV
      • Auto
    • Gaming
    • Home Appliance
    • Make In India
    Mobility IndiaMobility India
    Home»News»The Bansals of Flipkart inching closer to iconic tech billionaires N R Narayana Murthy
    News

    The Bansals of Flipkart inching closer to iconic tech billionaires N R Narayana Murthy

    MOBILITY INDIABy MOBILITY INDIAJuly 31, 2014No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    After the The fresh $1-billion fund raise values the Bansals’ combined stake of approximately 15% at over Rs 6,000 crore. The four-member Murthy family has a net worth of around Rs 8,700 crore in India’s second largest IT services company, while the Nilekani family’s net worth stands at Rs 6,500 crore.

    From 2011 to 2014, Flipkart grew its sales from $10 million to an annualized $2 billion, an over 100 times growth in three years. There is a huge revolution in e-commerce in India, with the future of retailing coming from the internet, said the Bansals while announcing their latest fund raise. The Bansals believe that in the next 10 years, India would have several $100 billion companies in the internet space. “Flipkart is much bigger today than we or our investors had ever imagined,” Sachin Bansal said.

    Mobile phone launches that are done online and sold exclusively on the Internet were a dream in India until now, when the Motorola budget smartphone (and maybe the last from Motorola – A Google Company taglines) Moto G launched exclusively on Flipkart. The Motorola Brand has made a comeback with the Moto G and it tied-up with Flipkart to launch this budget smartphone here, but had not made sure that everything would go well. The 16 GB variant which was a more value-for-m0ney offer got sold out within the first 15 minutes. India never seen this types of smartphone craze in India before this.This was the first time people got up at midnight just to get their hands on a phone with some freebies.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    MOBILITY INDIA
    • Website

    MOBILITY INDIA Bureau: If you have an interesting article/experience/case study related to the ICT industry to share, please send us at editors@roymediative.com

    Related Posts

    Kento to launch Android 4G,medical grid watches; carve a niche in smartwatch space

    June 9, 2023

    TEMA complements Government on BSNL Revival Plan for Rs 89,000 Crore

    June 8, 2023

    Noise launches NoiseFit Fuse expands round dial smartwatch portfolio

    June 8, 2023

    Comments are closed.

    YXL
    YXL
    Top Stories
    News

    In-Person Computex 2023 is Back with a Bang in Taipei, Taiwan after 3 Years Break

    By MOBILITY INDIAMay 31, 20230

    Follow @mobilitymag Computex is finally back in its in-person format today after three long years,…

    News

    14 IPEF Nations join hands to strengthen supply chain reducing dependence on China

    By MOBILITY INDIAMay 30, 20230

    Follow @mobilitymag In an effort to reduce the dependence on China, and meet future supply…

    News

    Design and R&D are at the cusp of brand building strategy at PLAY Design Labs

    By MOBILITY INDIAMay 25, 20230

    Follow @mobilitymag PLAY offers affordable, elegant, and super-classy wearables that are more than just random…

    News

    OUD Mobiles opens new showroom in Delhi: fine tunes products as per needs of customers

    By MOBILITY INDIAMay 17, 20230

    Follow @mobilitymag Oud Mobile Accessories is India’s most trusted mobile accessories brand, providing best-in-class products…

    News

    ERD Organises “The Grand Technology Roadshow & Business Conclave 2023”

    By MOBILITY INDIAApril 28, 20230

    Follow @mobilitymag The Grand Technology Roadshow & Business Conclave 2023 was organised by ERD Group…

    About Us
    About Us

    A-23, 1st Floor Okhla Industrial Area, Phase-1, New Delhi-110020 (India)

    Telephone: 011-41602841, 011-40536384 -87

    Mob No. : 09811346846, 09625243429, 08287406709

    Regd.Off.: 38-B/56 Block, C. R. Park, New Delhi-110019.

    My Story

    Retail jobs in India down 12 percent amid record festive sales

    By MOBILITY INDIAOctober 8, 20220

    Femina Miss India world, Ms. Sini Shetty visited U&i booth at Big 7 Expo

    By MOBILITY INDIAAugust 30, 20220
    1 2 3 Next
    ISSUE

    Make In India Magazine May 2023

    May 25, 2023

    Mobility India Magazine May 2023

    May 25, 2023

    Make In India Magazine April 2023

    April 24, 2023

    Mobility India Magazine April 2023

    April 24, 2023
    Facebook Twitter Instagram LinkedIn YouTube
    • Home
    • Contact
    • About Us
    © 2023 Mobility India. Designed by Roy Mediative.

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version