{"id":16235,"date":"2016-03-16T12:34:48","date_gmt":"2016-03-16T07:04:48","guid":{"rendered":"http:\/\/www.officechai.com\/?p=16235"},"modified":"2016-03-16T14:05:08","modified_gmt":"2016-03-16T08:35:08","slug":"flipkart-founders-hotly-deny-reports-of-sale-talks-with-amazon","status":"publish","type":"post","link":"https:\/\/officechai.com\/news\/flipkart-founders-hotly-deny-reports-of-sale-talks-with-amazon\/","title":{"rendered":"Flipkart Founders Hotly Deny Reports Of Sale Talks With Amazon"},"content":{"rendered":"<p><span style=\"font-size: 12pt; color: #000000;\">Sachin\u00a0Bansal is a soft-spoken man. His words are usually measured, and his tone is usually conciliatory. But when Economic Times published <span style=\"color: #33cccc;\"><a style=\"color: #33cccc;\" href=\"http:\/\/tech.economictimes.indiatimes.com\/news\/internet\/flipkart-amazon-explored-sale-talks\/51419448\" target=\"_blank\">reports<\/a><\/span> claiming Flipkart might&#8217;ve been in sale talks with Amazon, the Flipkart cofounder\u00a0was in no mood to play the nice guy. Tweeting right back at ET, he came up with this zinger.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">..and Flipkart has set up a colony in Pluto! Even by low standards of our tech reporting, this is highly unethical <a href=\"https:\/\/t.co\/9kUi0oyBga\">https:\/\/t.co\/9kUi0oyBga<\/a><\/p>\n<p>&mdash; Sachin Bansal (@_sachinbansal) <a href=\"https:\/\/twitter.com\/_sachinbansal\/status\/709942557086601216?ref_src=twsrc%5Etfw\">March 16, 2016<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">Not to be outdone, his cofounder and Flipkart CEO,\u00a0Binny Bansal had a retort of his own.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/ETtech?ref_src=twsrc%5Etfw\">@ETtech<\/a> Are you sure you got the bit on who was trying to buy who right?It might have been the other way around. No? <a href=\"https:\/\/t.co\/CnegVHnbjI\">https:\/\/t.co\/CnegVHnbjI<\/a><\/p>\n<p>&mdash; binnybansal (@binnybansal) <a href=\"https:\/\/twitter.com\/binnybansal\/status\/709978198893838337?ref_src=twsrc%5Etfw\">March 16, 2016<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">Flipkart&#8217;s founders don&#8217;t make public statements\u00a0very often. The fact that they&#8217;re taking pains to tweet in unison and denying this report (Binny Bansal has even made his denial his pinned tweet) shows how damaging such a report could be. Flipkart is currently the leader in India&#8217;s e-commerce market, but\u00a0rumours\u00a0that it could be struggling and looking for a buyer could sap the morale of its employees and investors.<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">But it&#8217;s been a month of bad news for Flipkart.\u00a0It started off with Morgan Stanley <span style=\"color: #33cccc;\"><a style=\"color: #33cccc;\" href=\"http:\/\/www.officechai.com\/news\/flipkart-valuation-devalued\/\" target=\"_blank\">devaluing<\/a><\/span> its stake in the company by 27%, effectively valuing it at $4 billion below its\u00a0its claimed valuation of $15 billion. Then\u00a0there had been <span style=\"color: #33cccc;\"><a style=\"color: #33cccc;\" href=\"http:\/\/techcrunch.com\/2016\/03\/10\/sources-indias-flipkart-in-talks-to-raise-up-to-1b-likely-in-a-down-round\/\" target=\"_blank\">reports<\/a><\/span> that Alibaba might pick up a stake in the company in\u00a0a down round, which means the fund raise would value the company at lower than its current valuation. A down round is not good news for a tech company &#8211; it shows that the company&#8217;s growth trajectory has slowed, and it is being\u00a0valued at lower than what it previously was. <\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">Interestingly, these reports had elicited no such response then from the\u00a0Flipkart founders.<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\"><strong>Update<\/strong>: A Flipkart spokesperson contacted OfficeChai and gave the following statement: \u201c<em>The report is pure fiction and seems to have been constructed based on invisible \u201csources\u201d that have highly imaginative minds and given to improbable flights of fancy. There have been no talks or discussions for potential sale. Flipkart continues to be the market leader in India and we are in this business for the long haul.<\/em>\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sachin Bansal is a soft-spoken man. His words are usually measured, and his tone is usually conciliatory. But when Economic Times published reports claiming Flipkart might&#8217;ve been in sale talks with Amazon, the Flipkart cofounder was in no mood to play the nice guy. Tweeting right back at ET, he came up with this zinger.<\/p>\n","protected":false},"author":2,"featured_media":16239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[202,254],"tags":[319,230],"class_list":["post-16235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-startups","tag-ecommerce","tag-flipkart"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Flipkart Founders Hotly Deny Reports Of Sale Talks With Amazon<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/officechai.com\/news\/flipkart-founders-hotly-deny-reports-of-sale-talks-with-amazon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flipkart Founders Hotly Deny Reports Of Sale Talks With Amazon\" \/>\n<meta property=\"og:description\" content=\"Sachin Bansal is a soft-spoken man. His words are usually measured, and his tone is usually conciliatory. But when Economic Times published reports claiming Flipkart might&#039;ve been in sale talks with Amazon, the Flipkart cofounder was in no mood to play the nice guy. Tweeting right back at ET, he came up with this zinger.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/officechai.com\/news\/flipkart-founders-hotly-deny-reports-of-sale-talks-with-amazon\/\" \/>\n<meta property=\"og:site_name\" content=\"OfficeChai\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/OfficeChai\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-03-16T07:04:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-03-16T08:35:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-16-at-12.29.48-PM.png?fit=1336%2C736&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"1336\" \/>\n\t<meta property=\"og:image:height\" content=\"736\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Bart Eshwar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@OfficeChai\" \/>\n<meta name=\"twitter:site\" content=\"@OfficeChai\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bart Eshwar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/officechai.com\/news\/flipkart-founders-hotly-deny-reports-of-sale-talks-with-amazon\/\",\"url\":\"https:\/\/officechai.com\/news\/flipkart-founders-hotly-deny-reports-of-sale-talks-with-amazon\/\",\"name\":\"Flipkart Founders Hotly Deny Reports Of Sale Talks With Amazon\",\"isPartOf\":{\"@id\":\"https:\/\/officechai.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/officechai.com\/news\/flipkart-founders-hotly-deny-reports-of-sale-talks-with-amazon\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/officechai.com\/news\/flipkart-founders-hotly-deny-reports-of-sale-talks-with-amazon\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-16-at-12.29.48-PM.png?fit=1336%2C736&ssl=1\",\"datePublished\":\"2016-03-16T07:04:48+00:00\",\"dateModified\":\"2016-03-16T08:35:08+00:00\",\"author\":{\"@id\":\"https:\/\/officechai.com\/#\/schema\/person\/b33bbc9cd71f8bebf290a266692ec380\"},\"breadcrumb\":{\"@id\":\"https:\/\/officechai.com\/news\/flipkart-founders-hotly-deny-reports-of-sale-talks-with-amazon\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/officechai.com\/news\/flipkart-founders-hotly-deny-reports-of-sale-talks-with-amazon\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/officechai.com\/news\/flipkart-founders-hotly-deny-reports-of-sale-talks-with-amazon\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-16-at-12.29.48-PM.png?fit=1336%2C736&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-16-at-12.29.48-PM.png?fit=1336%2C736&ssl=1\",\"width\":1336,\"height\":736},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/officechai.com\/news\/flipkart-founders-hotly-deny-reports-of-sale-talks-with-amazon\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/officechai.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Flipkart Founders Hotly Deny Reports Of Sale Talks With Amazon\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/officechai.com\/#website\",\"url\":\"https:\/\/officechai.com\/\",\"name\":\"OfficeChai\",\"description\":\"Startups, Businesses And Careers\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/officechai.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/officechai.com\/#\/schema\/person\/b33bbc9cd71f8bebf290a266692ec380\",\"name\":\"Bart Eshwar\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/officechai.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f48cf0b2f17ca1ae00050bdf99bd011f9d3cada36ebd57303af1626cb336ff5e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f48cf0b2f17ca1ae00050bdf99bd011f9d3cada36ebd57303af1626cb336ff5e?s=96&d=mm&r=g\",\"caption\":\"Bart Eshwar\"},\"description\":\"Bart Eshwar is interested in startups, business and green tea. 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