Posted inAT Finance, India, Singapore, South Asia, World

Flipkart co-founder, SoftBank exit after Walmart takeover

US retail giant Walmart has signed a deal to buy a 77% stake in Flipkart, India’s largest e-commerce marketplace, for US$16 billion. The takeover has given one of the company’s founders and top investor SoftBank an opportunity to sell out. Sachin Bansal sold his 5.96% stake in the company he founded in 2007 with friend Binny […]