Binny Bansal

IIT Delhi inaugurated an exhibition hall named after alumnus and Flipkart co-founder Binny Bansal, recognising his contributions to the institute. Located in the main administrative building, the space has long functioned as an exhibition hall and continues in that role. The naming was announced in December 2025. Bansal attended the ceremony and interacted with students, sharing insights from his entrepreneurial journey and encouraging innovation and idea-sharing among the campus community.

Indian audio brand boAt has officially launched in Malaysia, aiming to expand its global presence. Partnering with Binny Bansal's Opptra, boAt will offer its popular TWS earbuds, headphones, and power banks on major e-commerce platforms. The company plans to emphasize powerful bass, long battery life, and active noise cancellation for its new-age Malaysian consumers.

Flipkart co-founder Binny Bansal transferred more than 5.39 lakh of his Flipkart shares to US retail giant Walmart's Luxembourg-based entity -- FIT Holdings SARL, according to business intelligence platform Paper.vc. The current sale is estimated to have reduced Bansal's holding from 3.85 per cent to 3.52%. Walmart Inc, in May 2018, bought 77% stake for about $16 billion.

Non-disclosure might have been Binny’s biggest undoing. It’s an issue that many global companies take very seriously. Sources close to Walmart said Binny did not make any disclosure about the allegation of personal misconduct against him to Walmart at the time of the latter’s acquisition of Flipkart earlier this year.

Walmart and Flipkart’s joint statement on the issue also hinted at this. They said that while the investigation did not find evidence to corroborate the complainant’s assertions against Binny, “it did reveal other lapses in judgment, particularly a lack of transparency, related to how Binny responded to the situation”.

"Everyone is surprised since there was no buzz of anything like this within the organisation," a current employee said, adding that usually hints of such developments make it to the corridors of the company. Binny's departure is not expected to change things much. A former executive noted that Binny was due to transition out of the company anyway.

Binny Bansal has been contemplating a transition for some time and we have been working together on a succession plan, which has now been accelerated.

There are two versions of a mail from Binny, one which was sent to the media, and another that Flipkart employees received. They are identical, except for a four-word apology. The one to the media contained the words “I am deeply sorry” as part of the line: “I am concerned that this may become a distraction for the company and the team, for which I am deeply sorry.”

New Delhi, Nov 22 () The Income Tax department has written to Flipkart founders Sachin and Binny Bansal seeking to know the details of the income earned following their share sale to US retail giant Walmart and when they would be depositing the advance tax, an official said.

In 2017, Acko was spun off as a separate venture from Coverfox, following which Dua made an exit from the company to run Acko. Accel Partners, Saif Partners and Infosys co-founder Narayan Murthy’s Catamaran Ventures are among Acko's existing investors.

A year after Walmart acquired the business he co-founded, Binny Bansal sold more shares in online retailer Flipkart to its new owner. Bansal, one of the poster boys of the Indian startup industry, had sold a small portion of his minority holding while keeping a 3.85% stake when Walmart bought Flipkart in 2018.

Binny Bansal has officially resigned from Flipkart's board, officially ending his association with the internet firm he co-founded alongside Sachin Bansal in 2007. Flipkart, initially entering the emerging local e-tail market with the introduction of an online bookstore, later evolved into a e-commerce platform. It was acquired by the US retail giant Walmart in 2018.

Rupeek, a five-year-old startup which helps consumers get loans against gold, has raised another $35 million in funding from Flipkart co-founder Binny Bansal, US and China-based venture capital firm GGV Capital, Korea's KB Investments and Flipkart CEO Kalyan Krishnamurthy-backed Tanglin Venture Partners.

Binny Bansal, the co-founder of Flipkart, has led a $12.5-million (about Rs 87 crore) financing in Mobikon, a data-exchange platform for the food and beverage industry. Started as a customer engagement platform for restaurants six years ago, it is now pivoting to a data-exchange platform model.

Binny Bansal, co-founder of Flipkart, has officially stepped down from the board of the internet firm. Flipkart, which was acquired by Walmart in 2018, is in a robust position with a strong leadership team. Bansal's resignation comes as he launches his new startup venture OppDoor to help e-commerce brands expand globally.

Flipkart co-founder Binny Bansal has resigned from the board of PhonePe, a fintech company Flipkart acquired in 2016. This follows Bansal's exit from Flipkart's board in January. He remains the largest individual minority shareholder in PhonePe with about a 1% stake. Bansal's departures come as he launches his new startup, oppDoor, in Singapore.

“How did Flipkart come into existence? Because Google rejected me twice,” said Binny Bansal. After IIT-Delhi, Binny had worked in Sarnoff Corp, a company doing R&D in vision technologies. Between 2005 and 2006, he applied twice to Google for technology roles and was rejected both times.

Binny Bansal, who still holds 4% of Flipkart, has kept a low profile since his ouster from the company. On reported rift with Sachin Bansal, Binny said: "It's all in the past. I have moved on." The entrepreneur once celebrated for jumpstarting India's internet retail industry is now dedicating himself to helping other founders get startups off the ground.

Binny Bansal, co-founder of Flipkart, has officially resigned from the board of the e-commerce giant. This comes after Walmart's acquisition of a controlling stake in Flipkart. Binny, who recently sold his remaining stake to Walmart, has now launched a new startup called OppDoor. He is also an active angel investor and board member of PhonePe.

Binny Bansal's xto10x Technologies, a scaling platform for growth-stage startups, has raised $25 million. The funding round was led by the Flipkart co-founder.

Chinese technology giant Tencent has acquired a stake worth $264 million in Walmart-backed Flipkart from its former co-founder Binny Bansal. Post the transaction that was completed in October last year, Tencent holds 0.7% stake in Singapore-incorporated Flipkart. Bansal now holds 1.8% in the company.

Flipkart cofounder Binny Bansal has introduced Opptra, a startup focused on franchise business portfolios for branded consumer goods. Opptra will use AI-driven localisation and e-commerce expertise to expand brands across Asia and globally. The company leverages a global supply chain integrating automation and smart logistics, aiming for swift market penetration through a balance of online and offline channels.