×
202
Fashion Jobs
EXPLODE SERVICES
Quality Assurance Manager Home Furnishing Garments For Noida
Permanent · Noida
EXPLODE SERVICES
Manager ie Garment Exports
Permanent · Noida
THE BANYAN HR CONSULTS
Merchandising Manager For a Seamless Garments Textile co at Coimbatore
Permanent · Coimbatore
OPERA CLOTHING PRIVATE LIMITED
Production Manager For Garment Manufacturing Factory
Permanent · Vapi
GOKALDAS EXPORTS LTD
sr. Manager - Technical - Garments Industry Background
Permanent · Bengaluru
NIKE
Lead Technical Product Manager, ed&a – Apla
Permanent · Bengaluru
NIKE
Senior Security Incident Responder – Cis
Permanent · Bengaluru
FAABIIANA
Executive For Online Product & Order Management
Permanent · NEW DELHI
FAABIIANA
Customer Sales Executive (Female)
Permanent · NEW DELHI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Category Manager/sr. Manager-Institutional Sales - Garments Industry
Permanent · Bhiwandi
NIKE
Senior Technical Product Manager, Inventory & Order – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Finance – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Core Erp – Apla
Permanent · Bengaluru
OMREELS BIOSCOPE PVT LTD
Senior Executive Ecommerce
Permanent · MUMBAI
NIKE
Senior Technical Program Manager, Marketing Tech – Dtpo
Permanent · Bengaluru
NIKE
Service Delivery Manager, Operations Center – Tech Ops
Permanent · Bengaluru
NIKE
Director, Security Solutions & Delivery – Cis
Permanent · Bengaluru
NIKE
HR Manager - Nike India Technology Centre
Permanent · Bengaluru
NIKE
Financial Controller - India
Permanent · Bengaluru
NIKE
Software Engineering Manager, Finance & Procurement Technology – cf&c
Permanent · Bengaluru
NIKE
Service Delivery Manager, Sap & Omdl (Order Management & Delivery) – Tech Ops
Permanent · Bengaluru
NIKE
Service Delivery Manager, Batch & bi – Tech Ops
Permanent · Bengaluru
Published
Jan 7, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Flipkart’s founders’ exit illustrates greater trend in Indian big business

Published
Jan 7, 2019

The exit of Flipkart’s two co-founders after Walmart acquired 77 percent of the business last year has forced start-ups to consider better protecting their autonomy from investors and illustrated a wider trend.


Indian business owners are working out how to balance fundraising with retaining their autonomy - Flipkart- Facebook


Flipkart’s co-founder Sachin Bansal left the business amid the Walmart takeover and the business’ other co-founder, Binny Bansal, left a few months later after failing to disclose “personal misconduct”. According to TNN, the duo’s exit from the company has launched a chain reaction of start-ups reevaluating how they handle investments.

The Bansals, who started Flipkart in 2007, were edged out of their own business as the US-based Walmart took over operations with a markedly different set of goals. Harshil Mathur, the co-founder and CEO of the merchant payments platform Razorpay, told TNN that the situation prompted his business’ founders to discuss how to fundraise whilst also retaining control of decision making in the business. “Not just Binny but also Sachin’s exit has sparked that debate,” said Mathur. Other business founders that recently had to fight to retain autonomy include Ola’s co-founder Bhavish Aggarwal and Car Dekho’s co-founder Amit Jain. 

As business founders try to balance raising capital with maintaining their autonomy, IndiaTech has been campaigning for creating different classes of shares with different voting rights. The domestic start-up think tank believes that voting rights for business founders with only a small stake in their business should be maintained. 

Copyright © 2022 FashionNetwork.com All rights reserved.