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Binny Bansal

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  • Flipkart co-founder Binny Bansal denied tax relief as ITAT rejects ‘non-resident’ status claim

    In his argument, Bansal had also stated that since he has lived in Singapore, and not India, he is not liable to pay capital taxes on the income he earned by selling his shares in Flipkart.

  • Curefoods secures Rs 160 crore from Binny Bansal’s 3State Ventures ahead of IPO

    Curefoods has allotted 1.28 crore equity shares at Rs 124 per share to 3State Ventures Pte. Ltd, Bansal’s investment arm.

  • Value retail chain SuperK raises Rs 100 crore from Binny Bansal, Mithun Sacheti, Shubman Gill and others

    The startup plans to use the funds to scale presence beyond 300 towns and deepen its reach in groceries and essentials

  • Binny Bansal's 3STATE Ventures backs AI commerce startup ShopOS with $20 million investment

    The Flipkart co-founder is betting on a new AI-native OS for brands, built by his former team at Scapic and Flipkart Labs

  • Binny Bansal launches Opptra to help consumer brands expand operations in Asia

    Moneycontrol was the first to write about Bansal’s plan, in August 2023. Opptra has already hired top executives from Amazon, Swiggy, Flipkart and others companies

  • PhonePe appoints Teamlease founder Manish Sabharwal as independent director replacing Binny Bansal

    The board changes reflect PhonePe’s aspiration to go for an IPO over the next couple of years.

  • Flipkart co-founder Binny Bansal advises startups to incorporate in India

    The US was the default before the market opened up for tech IPOs (in India) but now it's clear that India is a great destination for tech IPOs, Bansal said.

  • Was a sceptic but now believe in quick commerce’s potential: Flipkart co-founder Binny Bansal

    “I give a lot of credit to the people who are making it work. There was Amazon, Flipkart and other big companies, all of them were trying to do this (but) the people who figured it out are new founders," said Bansal.

  • South Park Commons enters India, its first international location outside US

    The entry comes at a time when venture funds are sitting on at least $12 billion in capital waiting to be deployed in India, the world’s third-largest startup ecosystem

  • Binny Bansal invests an additional Rs 200 crore in Curefoods taking the round size to Rs 500 crore

    The firm will likely use the funds for offline expansion of its brands Nomad Pizza and Sharief Bhai Biryani.

  • Flipkart co-founder Binny Bansal to stay on at PhonePe board

    Binny Bansal’s decision to step down from Flipkart's board comes months after he sold his remaining stake in the firm and at a time when he is starting up again, in the e-commerce space with OppDoor.

  • Flipkart co-founder Binny Bansal exits board marking the end of an era

    Binny Bansal Resigns: Bansal has exited the board of Walmart-owned Flipkart, months after selling his remaining stake. He is also building a new e-commerce venture called OppDoor

  • Flipkart's Binny Bansal launches OppDoor, his latest e-commerce startup

    The company is registered in Singapore and was incorporated in May 2021, per filings. OppDoor was earlier called Three State Ventures Pte Ltd, which is Binny Bansal’s venture capital firm that operates from Singapore.

  • Big Billion Day: Walmart infuses $600 million in Flipkart as part of $1 billion round

    Flipkart will use the money to expand its operations, strengthen its supply chain and bolster its tech capabilities.

  • Scapia raises $23 million led by Elevation Capital, Binny Bansal’s 3State Ventures

    The company will use the funds to add more financial services to the platform, including personal loans and insurance, and also hire more talent in product and tech development areas

  • Flipkart co-founder Binny Bansal plans new start-up in e-commerce space

    Binny Bansal is not seeking external capital and will bootstrap the venture with his own wealth

  • After Sachin Bansal in 2018, Binny Bansal now exits Flipkart

    After Sachin Bansal's exit, Binny Bansal had continued to hold a small portion of his stake in Flipkart after the acquisition.

  • End of an era as Binny Bansal, Accel and Tiger Global exit Flipkart with bumper returns

    Walmart has bought out Flipkart early investors Accel, Tiger Global and co-founder Binny Bansal has also fully divested his stake in Flipkart which is valued at around $35 billion.

  • Edtech Brightchamps spends Rs 42.4 cr on advertising to generate Rs 22.5 cr from ops

  • Flipkart cofounder in talks to invest $100-150 million in PhonePe: Report

  • YC-backed edtech startup Skill-Lync acquires Binny Bansal-backed Crio

  • Employee volunteering platform Goodera raises $10 million from Elevation Capital, Nexus Venture Partners, and others

  • Nandan Nilekani blames flawed unit economics in debate over growth and profit

  • Humantic AI raises funding from Google's Bradley Horowitz, Flipkart co-founder Binny Bansal, others

  • Navi Technologies IPO: List of ongoing litigations against founder Sachin Bansal

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