Sep 02, 2019

Flipkarts Co-Founder Sells Additional Shares of The Company

The cofounder of Flipkart has made its move of further selling additional shares of the company to Tiger Global Management. The shares have been sold for a price of $14 million.

Over the previous months, Binny Bansal was seen to have sold equity shares worth 5.3 Lakhs to FIT Holdings SARL which led to a decrease in his stakes holdings in the company.

Binny Bansal's current focus seems to be towards the startup ecosystem in India. He is also seen to be an active participant as an angel investor.