Become A Startup Insider With Inc42 Plus
Join our exclusive community of business leaders &makers for in-depth tech stories and intelligence on India’s tech economy you won’t find elsewhere.
Unlimited Access
Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of 40,000+ stories.
Inc42 Academy
Exclusive, in-depth and actionable sessions from 300+ industry leaders, founders & operators to help you level up.
Startup Deals
Over $250,000 worth deals on software & tools to help your business scale up.
Member-Only Events
Connect with editors and industry peers through our members-only community
Clutter-Free Experience
Enjoy an ad-free and clutter-free experience as a member, focus on what really matters to you
Support Independent Journalism
Your contribution will go on to support and empower our unbiased & data-driven journalism
Become A Startup Insider With Inc42 Plus
Join our exclusive community of business leaders &makers for in-depth tech stories and intelligence on India’s tech economy you won’t find elsewhere.
Choose Your Plan
Become A Startup Insider
Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.
Three months after selling shares worth $76.4 Mn, Flipkart cofounder Binny Bansal has sold additional shares in the company to Tiger Global Management for $14 Mn. This could be a part of the accelerated share sale agreement at the time of the company’s acquisition by Walmart in November last year, according to a report in ET.
As per the terms of his contract with Walmart, Bansal is entitled to sell more than half of his stake by August 2020, two years after Flipkart’s Walmart acquisition.Â
Bansal’s inclination towards the startup ecosystem in India and his initiatives to boost it, could be one of the reasons behind selling his shares.
