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Flipkart Board Approves Walmart Deal For $15 Billion
In a recent development the board of the ecommerce firm Flipkart, approved to sell 75% equity stake to a group of investors led by Walmart Inc., for $15 billion, Bloomberg reported. SoftBank will sell its 20+ per cent stake as a part of the deal, the report said. Google’s parent Alphabet Inc., is also likely to participate in the investment with Walmart. Reports also suggest the deal would be finalised in the next 10 days, although terms of the deal could still change.
The week noticed some surprising headlines about CEOs quitting the firms. From Jan Koum to Sachin Bansal, they seem to be taking extremely crucial decisions lately. Shortly after the Flipkart and the Walmart deal dominated the news, sources revealed Sachin Bansal, the online retail giant’s co founder, may exit the firm. This impending deal seems to play a vital role in his exit. Sachin may look to startup another venture again and also mentor other entrepreneurs. Even as the details are emerging, Walmart said it wants the duo, Binny Bansal and Flipkart CEO Kalyan Krishnamurthy, who have been actively running the daily operations, as more critical members, to stay back, the sources revealed.
Earlier, reports confirmed while CEO Kalyan Krishnamurthy would continue to head Flipkart, one among its founders, Sachin Bansal and Binny Bansal may exit. “Sachin is most likely to leave and Binny will stay.” Email sent to Flipkart and Sachin Bansal did not elicit a response at the time of filing this article. “I won’t be able to comment on anything related to this,” said Sachin Bansal in a text message.
Currently Sachin Bansal holds 5.5 % of shares in the company. If the deal with Walmart happens at a valuation of $20 billion his share would be worth over $1 billion. Flipkart buys back shares worth $ 350 million from its investors. The investors include DST Global, IDG Ventures and ICONIQ Capital. The online giant intends to sell a majority stake to the U.S., wholesale giant Walmart Inc.
Walmart Inc., is in advanced talks with Flipkart to acquire a dominant stake of more than 51 percent in the firm. All of it at a price of at least $18 billion, as sources reported to Reuters. The Walmart-Flipkart negotiations have been reported in the popular media for several months now. The company also began the procedure of modifying itself in to a private limited company, changing its name to Flipkart Pte., Ltd., the filings showed. Furthermore, this is the second such transaction during the past 12 months.
In the latest instance, a number of minority Flipkart shareholders have been handed complete exits. In August 2017, most of Flipkart’s minority shareholders gave away a portion of their stakes to SoftBank. Moving ahead, Accel Partners has clocked $113.5 Million through partial exits from Flipkart. Beside SoftBank and Accel Partners, IDG Ventures and Helion Ventures have gained excellent returns on their investment in the online giant. Other famous investors like Microsoft, Tencent and eBay have also invested in Flipkart last year.
As of now, Tiger Global and SoftBank Group are the largest shareholders in Flipkart, each holding about 20% stake, and Naspers at about 13%. Sachin and Binny Bansal hold about 5% each in the company.
Google has launched the Google Startup Hub Hyderabad, a major step in strengthening India’s dynamic startup ecosystem. This new initiative aims to empower entrepreneurs, innovators, and developers by giving them access to Google’s global expertise, mentoring programs, and advanced cloud technology. The hub reflects Google’s mission to fuel India’s digital transformation and promote innovation through the Google for Startups program.
Located in the heart of one of India’s top tech cities, the Google Startup Hub in Hyderabad will host mentorship sessions, training workshops, and networking events designed for early-stage startups. Founders will receive Google Cloud credits, expert guidance in AI, product development, and business scaling, and opportunities to collaborate with Google’s global mentors and investors. This ecosystem aims to help Indian startups grow faster and compete globally.
With Hyderabad already home to tech giants like Google, Microsoft, and Amazon, the launch of the Google Startup Hub Hyderabad further cements the city’s position as a leading innovation and technology hub in India. Backed by a strong talent pool and robust infrastructure, this hub is set to become a growth engine for next-generation startups, driving innovation from India to global markets.
BMW quietly debuted its new logo on the all-electric iX3, marking a significant yet understated shift in the brand’s design direction for 2025. The updated emblem retains the classic roundel and Bavarian blue-and-white colors, but sharp-eyed enthusiasts noticed subtle refinements: the inner chrome ring has been removed, dividing lines between blue and white are gone, and the logo now features a contemporary satin matte black background with slimmer “BMW” lettering. These enhancements showcase BMW’s embrace of modern minimalism while reinforcing their commitment to premium aesthetics and the innovative Neue Klasse philosophy for future electric vehicles.
Unlike rival automakers that reveal dramatic logo changes, BMW’s refresh is evolutionary and respectful of tradition. The new badge ditches decorative chrome and blue borders associated with earlier electric models, resulting in a flatter, more digital-friendly design that mirrors recent branding seen in BMW’s digital communications. Appearing first on the iX3’s nose, steering wheel, and hub caps, this updated identity will gradually be adopted across all BMW models—both electric and combustion—signaling a unified brand language for years to come.
BMW’s strategic logo update represents more than just aesthetic reinvention—it underscores the brand’s dedication to future-ready mobility, design continuity, and a premium EV experience. As the new roundel begins rolling out on upcoming BMW vehicles, it stands as a testament to the automaker’s depth of detail and thoughtful evolution, offering subtle distinction for keen observers and affirming BMW’s iconic status in the ever-changing automotive landscape.
Apple has officially launched the highly anticipated iPhone 17 series in India, with prices starting at INR 82,900 for the base 256GB model. The new lineup includes the iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max, and the newly introduced ultra-slim iPhone Air. Apple has removed the 128GB storage variant, making 256GB the minimum for all models. The standard iPhone 17 features a vibrant 6.3-inch ProMotion OLED display with a 120Hz refresh rate and an upgraded Ceramic Shield 2 for improved durability. It comes in fresh color options like lavender, mist blue, sage, white, and black.
The iPhone 17 Pro and Pro Max models are powered by Apple’s latest A19 Pro chip and start at INR 1,34,900 and INR 1,49,900, respectively. These Pro models feature sleek titanium frames, significant camera upgrades including 8K video recording, and up to 6x optical zoom in the Pro Max. Meanwhile, the iPhone Air, priced from INR 1,19,900, is the slimmest and lightest iPhone ever, boasting a 6.7-inch Super Retina XDR display with ProMotion technology and a triple-camera setup, positioning itself between the standard and Pro models.
Pre-orders for the iPhone 17 series commence on September 12, with sales beginning on September 19, 2025. Alongside the launch, Apple has reduced prices for the previous iPhone 16 models while discontinuing the iPhone 16 Pro and Pro Max variants. The iPhone 17 series exemplifies Apple’s ongoing commitment to enhancing display technology, camera capabilities, and overall performance, setting a new benchmark for premium smartphones in the Indian market.
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