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Binny Bansal, co-founder of Flipkart, is investing in the consumer business sector in Asia, particularly through a new venture that leverages technology to compete with major retailers. He has committed Rs 70 crore to establish the Binny Bansal Institute for Inventing the Future at Plaksha University, aimed at fostering innovation in artificial intelligence. This initiative aligns with his strategy to enhance competitiveness in the retail market. Additionally, Flipkart's marketplace arm has received Rs 3,248.9 crore in internal funding from its parent company based in Singapore, as per regulatory filings.
💵💵 Flipkart Internet, the marketplace arm of @Walmart-owned @Flipkart, has secured Rs 3,248.9 crore in internal funding from its Singapore-based parent entity, according to regulatory filings with the Registrar of Companies (RoC).
Indian billionaire and co-founder of e-commerce company Flipkart, Binny Bansal, is taking on Asia's largest retailers with his new venture, hoping that the generous use of technology will give it an edge over rivals. https://t.co/XIav5Z8LgA
Plaksha University launches Binny Bansal Institute for Inventing the Future https://t.co/qLXpIb4PAF
