Binny Bansal

Binny Bansal Pares Down Flipkart Stake, Sells $76 million Worth shares

Binny Bansal, co-founder of India’s e-commerce behemoth Flipkart, has sold Flipkart shares worth $76 million (Rs 531 crore) to Walmart’s Luxembourg based subsidiary arm, according to business intelligence platform Paper.vc. This has brought Bansal’s stake in the Walmart owned company from 3.85% to 3.52%. Binny Bansal sells $76 million worth Flipkart shares to Walmart arm Bansal had…

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SaaS startup Druva Raises $130 Mn to Achieve Unicorn Status

Software-as-a-service (SaaS) startup Druva Inc has become the latest member to join India’s rapidly growing unicorn world. The Pune and California-based company’s market valuation rose little over $1 Bn after raising $130 million in its latest round.  Existing investors Riverwood Capital, Tenaya Capital and Nexus Venture Partners spearheaded the round.  Few new investors such as…

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