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Thursday, February 20, 2020

Binny Bansal


Binny Bansal sells Flipkart shares worth Rs 530 crore to Walmart

June 25, 2019 7:34 pm

Walmart Inc, in May last year, had announced that it is buying 77 per cent stake in Flipkart for about USD 16 billion (Rs 1.05 lakh crore), its biggest deal that gave the US retailer access to the Indian e-commerce market.

Binny Bansal ‘sells’ his Flipkart shares worth $76 million to Walmart; reduces stake to 3.53 per cent

June 25, 2019 3:41 am

Binny Bansal — whose shareholding has been reduced to 3.52 per cent from 3.85 per cent after the latest sale — continued with the e-commerce firm in a management position after the takeover by Walmart.

Problems for entrepreneurs are same everywhere, says Binny Bansal after Walmart ouster

February 05, 2019 10:06 am

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.

How Walmart decided to oust an icon of India's tech industry

November 19, 2018 6:58 pm

In its announcement, Walmart said it had initiated an independent investigation into an allegation of “serious personal misconduct.” The probe didn’t uncover evidence to support the charge.

Who is Binny Bansal?

November 13, 2018 7:44 pm

A computer science student, Binny began his career with Sarnoff Technologies, a pioneer in computer vision, in 2005 and worked there for one-and-a-half years.

Flipkart CEO and co-founder Binny Bansal quits after sexual misconduct allegation

November 14, 2018 7:14 am

Bansal is the biggest name in corporate India to resign in the wake of the #MeToo movement that has swept across the country, particularly in film, media and entertainment.

Flipkart founders put India third on global list of billionaires

March 01, 2016 8:47 pm

Flipkart co-founders, Sachin Bansal and Binny Bansal, were the only Indians in Hurun's Forty and Under Self-Made Billionaires list for 2016.

‘Chose Flipkart because at $8,it sounded cool,affordable’

November 02, 2011 3:17 am

As a co-owner of a company with an annual turnover in crores,Binny Bansal wouldn’t think twice before spending eight US dollars.

Chose flipkart because at $8,it sounded cool & affordable: COO

November 02, 2011 1:32 am

As a co-owner of a company with an annual turnover of Rs 75 crore,Binny Bansal wouldn’t think twice before spending 8 US dollars.