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Walmart’s Flipkart confirms it is entering the food retail business in India

Walmart’s Flipkart confirms it is entering the food retail business in India India’s Flipkart is entering the food retail business as the e-commerce giant looks to expand its reach in the nation, its chief executive said on Tuesday. Flipkart, which sold majority stake in the company to Walmart for $16 billion last […]

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Flipkart co-founder and other top names join AngelList’s first investment syndicate in India

Flipkart co-founder and other top names join AngelList’s first investment syndicate in India A little over a year after it introduced Syndicates to the India market, AngelList — the U.S. service that helps connect companies with investors — is rolling out its own fund in the country with the backing of some […]

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Flipkart co-founder Sachin Bansal invests $92M in Ola

Flipkart co-founder Sachin Bansal invests M in Ola 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 […]

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Ousted Flipkart founder Binny Bansal aims to help 10,000 Indian founders with new venture

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 […]

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Flipkart CEO Binny Bansal resigns over allegations of ‘serious personal misconduct’

Flipkart 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 […]

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GreyOrange raises $140M to develop fully-automated robotics for warehouses

GreyOrange raises 0M 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, […]

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Walmart completes its $16 billion acquisition of Flipkart

Walmart completes its 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. […]

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