Sunday, April 14, 2024
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Outlook India
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Binny Bansal

After Walmart acquired a majority stake in Flipkart, co-founder Binny Bansal has formally stepped down from the e-commerce giant's board. Binny, who sold his remaining stake to Walmart, has initiated a new start-up called OppDoor.

Flash aims to expand operations in the country as well as plans to enter the international market by early 2024

The second fund is determined to invest in 20-25 start-ups engaged in disruptive Artificial Intelligence and deep tech

Spread over four lakh sq ft, the FC will further Flipkart's commitment to India's digital commerce evolution by empowering local sellers, employable youth, and customers while making e-commerce more inclusive and accessible

The investment comes soon after pi Ventures announced an investment of Rs 22 crores from Belgium’s Colruyt Group in its second fund

The investment comes after pi Ventures announced the first closing of its second fund at Rs 303.5 crore ($40 million) in Jan 2022

The company will utilise the recently generated capital to expand its fintech business in the country

PhonePe raised $350 million from the United States (US) based venture capital (VC) firm General Atlantic in February

The edtech has tied up with Indore’s Member of Parliament, Shankar Lalwani, to help marginalised kids become proficient in tech, money and communications skills

Money Lessons is a graphic novel, which covers topics such as the evolution of money, different kinds of money, banking, value, spending, saving, borrowing, investing, exchanges, currencies, demand, supply and more