Binny Bansal, who co-founded Flipkart along with Sachin Bansal in 2007, has officially resigned from the board of the e-commerce giant. This move comes after Sachin Bansal’s departure from the board in 2018 following a dispute with investors. These resignations have taken place after Walmart’s acquisition of a 77% controlling stake in Flipkart through a … Read more
MUMBAI: Binny Bansal has stepped down from the board of Flipkart, officially ending his association with the internet firm he had co-founded with fellow IIT Delhi alumnus Sachin Bansal in 2007. Flipkart which made its foray into the then-nascent local e-tail market with the launch of an online bookstore went on to become an e-commerce … Read more
MUMBAI: Binny Bansal has stepped down from the board of Flipkart, officially ending his association with the internet firm he had co-founded with fellow IIT Delhi alumnus Sachin Bansal in 2007. Flipkart which made its foray into the then nascent local e-tail market with the launch of an online bookstore went on to become an … Read more
Billionaire Binny Bansal is launching an AI-as-a-service startup that will target global customers, expanding to the fast-growing segment after making a fortune in Indian e-commerce.Bansal, who co-founded online retailer Flipkart and sold it to WalmartInc, has hired 15 experts for the venture — mostly artificial intelligence scientists — and plans to quickly add more, according … Read more
NEW DELHI: Walmart has spent $3.5 billion this year to increase its stake in Indian business Flipkart to 80.5%, underlining the aggressive bets the United States-based retailer is making in the country, which it counts as one of its key markets.In July, some of Flipkart’s early investors including Tiger Global, Accel and co-founder Binny Bansal … Read more