Shortpedia Mobile App Download Shortpedia News App

Image Credit: shortpedia

Benny Bansal sold Flipkart shares worth $14 million to Tiger Global

Binny Bansal, the former Flipkart CEO, has sold his Flipkart shares worth $14 million to Tiger Global. Binny Bansal was authorized to sell half of his stake by August 2020, and he still has more than 3% stake in the e-commerce marketplace. Bansal is aggressively investing in startups after his exit from Flipkart. He has also shifted his base to Singapore to access flexible infrastructure and investment policies.