Flipkart co-founder Binny Bansal sold around 54 lakh of his equity shares for $76 million (Rs 531 crore) to retail giant Walmart’s Luxembourg entity FIT Holdings SARL, according to regulatory filings. In a separate development, Startup India fund has allocated as much as Rs 2,265 crore (approximately $328 million) to risk capital investors (VC funds) at the end of March 2019, an amount lower than the initial target of Rs 3,300-3,500 crore.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com