The money is starting to flow from India’s largest startup exit. Ola has added a major name to its ongoing financing round after it confirmed that Flipkart co-founder Sachin Bansal has invested 650 crore INR (around $92 million) into the Indian ride-hailing business. The deal rumored in January when Paper.vc, an intelligence service that sifts through company […]
View More Flipkart co-founder Sachin Bansal invests $92M in OlaCategory: binny Bansal
Ousted Flipkart founder Binny Bansal aims to help 10,000 Indian founders with new venture
Flipkart co-founder Binny Bansal’s next act is aimed at helping the next generation of startup founders in India. Bansal has already etched his name into India’s startup history after U.S. retail giant Walmart paid $16 billion to take a majority stake in its e-commerce business to expand its rivalry with Amazon. Things turned sour, however, […]
View More Ousted Flipkart founder Binny Bansal aims to help 10,000 Indian founders with new ventureFlipkart CEO Binny Bansal resigns over allegations of ‘serious personal misconduct’
Flipkart, the India-based e-commerce firm owned by Walmart, has lost CEO Binny Bansal after he resigned from the company following an investigation into “serious personal misconduct.” Bansal founded Flipkart in 2007 with Sachin Bansal (no relation) and he had served as its CEO since 2016, before going on to become CEO of the Flipkart Group […]
View More Flipkart CEO Binny Bansal resigns over allegations of ‘serious personal misconduct’GreyOrange raises $140M to develop fully-automated robotics for warehouses
GreyOrange, a Singapore-headquartered firm that develops robots for warehouses, has pulled in a $140 million Series C funding round as it targets more expansion and growth. The company was started in 2011. Today it has five regional offices across the world — covering India, Singapore, Japan, Germany, and the U.S. — three R&D centers and more than 60 […]
View More GreyOrange raises $140M to develop fully-automated robotics for warehousesWalmart completes its $16 billion acquisition of Flipkart
Walmart announced over the weekend that it has completed a $16 billion investment in Flipkart that sees it become the majority owner of the Indian e-commerce company. The deal was first revealed back in May and now it has closed after receiving the necessary approvals. It sees Walmart take a 77 percent share in the company, […]
View More Walmart completes its $16 billion acquisition of Flipkart