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Binny Bansal's advice for startups: ‘Incorporate in India even if you are…’
Binny Bansal said, "My advice to founders would be if you are building in India, even if you are building global companies too, to incorporate in India."
Published on Jun 13, 2024 10:08 PM IST
Kamath brothers, Bansals India's youngest billionaires, according to Forbes
Zerodha founders Nithin and Nikhil Kamath, and Flipkart founders Sachin and Binny Bansal are on the Forbes Billionaires List 2024.
Updated on Apr 03, 2024 01:51 PM IST
Binny Bansal invests ₹200 crore more in this ex-Flipkart executive's startup
Binny Bansal’s additional funding is part of the firm’s ongoing round that started in April of 2023 where it raised ₹300 crore.
Published on Mar 18, 2024 12:29 PM IST
‘Company in capable hands’: Binny Bansal steps down from Flipkart board
The Bengaluru-based e-commerce firm was founded by Binny and Sachin Bansal (no relation) in 2007.
Published on Jan 27, 2024 01:13 PM IST
HT News Desk, New Delhi
Flipkart co-founder Binny Bansal opens new venture called ‘OppDoor’. Details
The company was previously called Three State Ventures Pte Ltd and functioned as a venture capital firm.
Published on Jan 02, 2024 05:59 PM IST
HT News Desk, New Delhi
Flipkart co-founder Binny Bansal to launch AI service startup
For the venture, Bansal has hired 15 experts, mostly artificial intelligence (AI) scientists.
Published on Nov 08, 2023 06:18 AM IST
Bloomberg |
Binny Bansal sells Flipkart shares worth over USD 14 million to Tiger Global
Regulatory filings submitted by Flipkart indicate that former co-founder Binny Bansal has sold a tranche of shares for the third time since Walmart’s takeover of the e-commerce company.
Updated on Sep 02, 2019 03:44 PM IST
New Delhi | Press Trust of India
Flipkart billionaire Binny Bansal breaks his silence after Walmart ouster
Binny Bansal, who departed after Flipkart’s new owner Walmart Inc. investigated alleged personal misconduct, is now focused on xto10x Technologies, a startup he co-founded with former colleague Saikiran Krishnamurthy.
Updated on Feb 05, 2019 05:11 PM IST
Bloomberg | Saritha Rai
Flipkart billionaire CEO Binny Bansal’s exit puts corporate India on notice
Many have been fired, resigned or otherwise sidelined. American companies have been called on to articulate and, in many cases, strengthen their sexual harassment policies. Investors have begun to consider sexual harassment risk when allocating capital.
Updated on Nov 16, 2018 10:24 AM IST
Bloomberg | Bruce Einhorn and Bhuma Shrivastava
How Walmart decided to oust Binny Bansal, an icon of the tech industry
Binny Bansal’s ouster, announced Tuesday from Walmart’s hometown of Bentonville, Ark., left workers at Flipkart, half a world away in Bangalore, stunned and struggling to make sense of the cryptic explanation.
Updated on Nov 15, 2018 08:32 PM IST
Bloomberg | Saritha Rai and Matthew Boyle
Flipkart seeks to soothe employee nerves after Binny Bansal’s exit
According to sources, various heads at the e-commerce giant have been engaging with their teams to answer any queries and address concerns related to business and operations after Bansal’s exit.
Updated on Nov 14, 2018 08:55 PM IST
Press Trust of India | Press Trust of India
It was ‘consensual affair,’ says probe against Flipkart’s Bansal: Report
Binny Bansal, 37, stepped down immediately following an independent probe into the allegations, which the executive denies, Walmart said. The accusation came in late July, according to a person with knowledge of the matter, who requested anonymity because the details aren’t public.
Updated on Nov 15, 2018 12:00 AM IST
Bloomberg
‘Stunned’ by allegations: Flipkart’s Binny Bansal writes to employees after stepping down as CEO
Chief Executive Officer and co-founder of Walmart-owned Indian e-commerce firm Flipkart Group, Binny Bansal, has resigned effective immediately, Walmart Inc said in a regulatory filing on Tuesday.
Updated on Nov 13, 2018 10:09 PM IST
Bengaluru | PTI
Flipkart Group CEO Binny Bansal resigns after allegations of ‘sexual assault’: Report
Chief Executive Officer and co-founder of Walmart-owned Indian e-commerce firm Flipkart Group, Binny Bansal, has resigned effective immediately, Walmart Inc said in a regulatory filing on Tuesday.
Updated on Nov 14, 2018 12:17 AM IST
Reuters
Flipkart’s Binny Bansal bullish on IPO, reaffirms omnichannel future
Flipkart is happy to have found a long-term investor in Walmart as the company explores selling items through offline stores, co-founder Binny Bansal said at a conference.
Updated on Sep 18, 2018 10:36 AM IST
Hindustan Times | Kul Bhushan
Why India’s investors need to get over their inferiority complex
Flipkart tried hard to raise money locally but was ridiculed and turned away, leaving only the foreign giants to rescue it. This pattern will repeat itself until India’s investors realise that the best opportunities are not in Silicon Valley but at home.
Updated on May 24, 2018 07:46 AM IST
Vivek Wadhwa
Tax dept to seek share purchase pact from Flipkart to ascertain tax liability
To ascertain the exact tax liability, the revenue department will write to Flipkart seeking the share purchase agreement that the company had entered into with Walmart.
Updated on May 13, 2018 01:12 PM IST
Press Trust of India, New Delhi | Press Trust of India
Walmart says Flipkart could go public in as early as 4 years
Walmart announced earlier this week that it will pay $16 billion for a roughly 77 percent stake in Flipkart in what is the US retail giant’s largest-ever deal .
Updated on May 12, 2018 11:21 AM IST
Reuters, Mumbai | Reuters
Many newly minted millionaires: Who gets what in the $16 billion Flipkart-Walmart deal
A round-up on how employees, founders, and investors in Flipkart will be impacted by its deal with Walmart
Updated on May 11, 2018 06:17 PM IST
Hindustan Times | Alisha Sachdev
Sad to see Sachin leave, says co-founder Binny Bansal as he looks back at Flipkart’s journey
A lot of Flipkart’s values, Binny Bansal said, come from the strong belief in the company that Sachin brought and helped build a strong foundation.
Updated on May 10, 2018 04:25 PM IST
Press Trust of India | Press Trust of India
Will catch up on gaming, brush up my coding skills, says Sachin Bansal as he exits Flipkart
Sachin Bansal said he will be “cheering from the outside” and urged Flipkart team to continue with their momentum.
Updated on May 10, 2018 02:48 PM IST
Press Trust of India | Press Trust of India
Walmart’s $16 billion deal makes Flipkart’s Bansals billionaires again
Flipkart’s founders have been billionaires before, but they lost that status as the firm’s valuation dipped. It was valued at about $12 billion last year, according to researcher CB Insights.
Updated on May 09, 2018 11:45 PM IST
Bloomberg | Tom Metcalf and Saritha Rai
Flipkart, Walmart set to announce world’s biggest e-commerce deal today
Walmart will buy roughly 70% of Flipkart; it will invest $2 billion in fresh capital and buy the rest from existing Flipkart investors
Updated on May 09, 2018 10:52 AM IST
Livemint, Bengaluru/New Delhi | Anirban Sen, Shrutika Verma and Mihir Dalal
Walmart likely to announce Flipkart deal before end of week: Report
Flipkart will hold a townhall for employees on Friday, with Walmart CEO Doug McMillon likely to attend, one of the person familiar of the matter said. Other top Walmart executives will also be in India for the announcement, the other person added.
Updated on May 08, 2018 03:28 PM IST
Reuters, Mumbai/Bengaluru | HT Correspondent
Walmart may bring along Google as partner and investor in bid for Flipkart
Walmart will buy at least 55% of Flipkart at a valuation of $20-21 billion, but the stake could end up being higher by the time the deal closes.
Updated on May 05, 2018 11:12 AM IST
Livemint, Bengaluru | Anirban Sen
Walmart more likely than Amazon to close deal with Flipkart
Walmart faces fewer regulatory hurdles because it has no online retail presence in the country now, while Amazon is the second-largest e-commerce player and Flipkart’s primary rival.
Updated on Apr 12, 2018 11:46 AM IST
Bloomberg | Saritha Rai