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Flipkart Co Founder Sachin Bansal To Exit The Firm Post Walmart Deal

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The Flipkart and Walmart deal have been making the headlines lately. The multinational retail corporation Walmart Inc., is all set to take over majority of Flipkart’s stake. Flipkart’s Founder Sachin Bansal is reportedly planning to sell his 5.5% stake in the company for nearly $1 billion to Walmart.

The retail giant firm will now emerge as the largest shareholder in Flipkart with 60-70% stake. The US based firm currently operates 21 wholesale shops in India.

According to a report, SoftBank which currently has 23.6% stake in Flipkart and Naspers which holds 13% stake in the firm are likely make an exit from the company. However, Tiger Global Management along with other investors are expected to liquidate 70 to 80% of their shares to Walmart. Among the 50 investors who own a stake in Flipkart, only Tiger and Tencent are expected to get a board seat each. Currently Flipkart is valued at $20-22 Billion. So, Walmart will have to spend nearly $14-16 billion to buy 73% of the stake. While Google will reportedly invest $3 billion, SoftBank which invested $2.5 billion last year may have to take an exit from Flipkart at $4 billion valuation. The Seattle based retail giant Amazon has also been in talks with Flipkart for months to acquire a controlling stake in the firm. Amazon has also made a formal offer to buy a 60% stake in Flipkart. But there have been no confirmations so far.

The current CEO of Flipkart Kalyan Krishnamurthy will also continue his participation in Flipkart’s operations but will not be taking up a board seat. According to the sources, co founder Binny Bansal will keep his board seat and partially sell his stake. Sachin and Binny are part of Flipkart’s 10 member board right now while Kalyan is not on the board.

Post the exit of Sachin Bansal from the firm, Binny Bansal may be appointed as the new chairman of the famous etailer Flipkart.

Flipkart was started back in 2007 when two friends, Sachin Bansal and Binny Bansal planned on establishing India’s own ecommerce website. In less than 6 years, the company climbed the ladder of success to become India’s first and biggest e retail company.

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Swiggy Unveils Pyng: AI App Linking Users to Verified Pros

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Swiggy - StartupStories

Swiggy has launched Pyng, a new app aimed at connecting consumers with verified professionals across over 100 specializations, including yoga instructors, financial advisors, tutors, and event planners. Currently live in Bengaluru, Pyng uses AI to match users with trusted experts and offers a money-back guarantee for unsatisfactory services.

The app also provides professionals with tools to manage bookings, track payments, and schedule services efficiently. This marks Swiggy’s entry into the professional services marketplace, expanding beyond its core food delivery and quick commerce businesses. Pyng is available on both iOS and Android, with plans for a nationwide rollout.

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Eat Better Secures ₹17 Crore in Pre-Series A Funding

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Eat Better, a Jaipur-based D2C snacking brand, has raised ₹17 crore in a Pre-Series A funding round co-led by Prath Ventures and Spring Marketing Capital. Founded by Vidushi Kanoria, Mridula Kanoria, and Shaurya Kanoria in 2020, Eat Better specializes in healthy snacks like dry fruit ladoos and nuts.

Key Highlights:

  • Investment Use: Funds will expand Eat Better’s product line and enhance its presence on quick commerce platforms.
  • Market Position: Competes with brands like Happilo and Yoga Bar in the healthy snacking space.
  • Operational Milestones: Fulfills over 2 lakh orders monthly.
  • Financial Performance: Revenue grew nearly threefold to ₹14.47 crore in FY24, with a reduced net loss.

Market Opportunity:

The Indian food and beverages market is projected to reach $68 billion by 2030, positioning Eat Better favorably to capitalize on the demand for healthy snacks. With this funding, Eat Better aims to strengthen its market presence and product offerings.

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Funding

Outzidr Raises ₹30 Crore to Transform Gen Z Fashion

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Bengaluru-based D2C fashion startup Outzidr, co-founded by Nirmal Jain, Mani Kant Mani, and Justin Mario, has secured ₹30 crore in seed funding led by Stellaris Venture Partners, with participation from angel investors like Ramakant Sharma (Livspace) and Ghazal Alagh (Mamaearth).

Launched in February 2025, Outzidr targets Gen Z women aged 17–27 with affordable occasion-specific apparel such as partywear and travel outfits. The brand introduces over 2,000 new designs monthly and uses a “test-and-react” model to scale popular styles based on early sales data. With an agile inventory cycle of less than three weeks, it plans to shift 90% of manufacturing to India within two years for sustainability.

The funds will bolster supply chain efficiency, technology development, team expansion, and brand-building. Outzidr aims to achieve ₹100 crore annualized revenue within 6–8 months through its D2C platform and marketplaces like Myntra, Nykaa Fashion, and AJIO.

Led by industry veterans with expertise in fashion and logistics, Outzidr is poised to capitalize on India’s growing D2C market fueled by Gen Z’s demand for trendy and affordable fashion.

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