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Binny Bansal’s Life Before And After Flipkart

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Binny Bansal, one of the co founders of Flipkart, led quite an interesting life before becoming one of the most sought after entrepreneurs in India. For Binny Bansal, Flipkart came into existence not because it was his dream project, but because Google refused to give him a job!

The early life

Picture credits: entracker.in

Back in the day, Binny Bansal’s primary love was technology and anything to do with technology. In fact, he loved the machine world so much, he even took a couple of courses on artificial intelligence and machine learning. Fresh out of IIT Delhi, Bansal realised his friends were all getting placed in various high paying jobs. While he did apply to these jobs, nothing excited him. This was when he knew he was right about the first love of his life: technology!

Taking the choice to jump from working for a MNC to working for himself was a tough choice for Binny. While there was a strong sense of comfort and satisfaction in taking home a regular package, that spark of excitement was missing. When he was introduced to Sachin Bansal, Binny realised he had finally found his calling! Despite an e commerce platform not being his first choice, Binny Bansal knew he was finally working on something he loved.

The beginning of Flipkart

Picture credits: bloomberg.com

The beginning days of Flipkart were hard. Binny and his partner worked out of a one bedroom apartment, with no real help. The first challenge Binny and his partner, Sachin Bansal, faced was to convince people to invest in their idea. Out of the 40 bookstores they approached, only two people agreed. With the salary Binny had saved from his previous job, the Bansals kicked off Flipkart. Despite having a steady cash flow, getting people to find out about their business was slightly tough. The Bansals sold less than 10 books during the initial Flipkart period.

While initially starting off only as a book delivery platform, the idea of Flipkart started spreading and Binny realised the time had come to expand the company’s product range. One of the key reasons for Flipkart’s massive growth is that both the Bansals decided to never run out of cash. Only when they had enough money and bandwidth for another category, would they decide to expand their services. Through the years, Binny Bansal helped grow Flipkart so much, it started competing with the likes of established platforms like Amazon, Big Basket and Alibaba.

Even though Binny and his partner did not have the kind of technological capabilities which today’s entrepreneurs have, they were always a step ahead of their game. Every move Binny took was to better Flipkart’s overall growth. With his heart invested in finding the right kind of investors for his business, to growing it one job at a time, Binny turned Flipkart into the largest e commerce platforms not just in India all over the world as well!

When Flipkart was in talks of being acquired by Walmart, there was nothing being said about one of the founders leaving the platform. Which is why the news of the exit was such a massive shocker!

Binny Bansal and life after Flipkart

Picture credits: livemint.com

Despite quitting Flipkart, the man who gave birth to it refused to stop being an entrepreneur. Bansal is now working on a different startup and is also helping about 10,000 startups grow and become the next Flipkarts of India!

Founded and funded by Bansal and ex McKinsey consultant Saikiran Krishnamurthy, this startup aims at targeting series B and C startups and will offer them help by giving them software tools. By helping these startups grow, Binny Bansal has made sure to use the tools he learnt during his Flipkart days for the betterment of people who are working on their own startups!

From being rejected by investors, to quitting the Company to which he gave birth and to starting out on the journey of helping other startups, Binny Bansal has lived through a lot. If you think we missed out on any other life facts about Binny Bansal, comment and let us know!

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PixelSky Capital Unveils INR 400 Crore Secondaries Fund

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Bengaluru-based investment bank IndigoEdge, in partnership with entrepreneur Hitesh Ahuja, has launched PixelSky Capital, a secondaries fund targeting INR 400 crore. The fund will invest in eight late-stage tech and consumer companies expected to go public within three to four years, with cheque sizes of INR 40–50 crore each. PixelSky has already invested in beauty retailer Purplle and aims to close a second deal by June 2025.

 

The fund focuses on secondary transactions, allowing existing shareholders to sell stakes to new investors, providing liquidity ahead of IPOs. Founders have committed INR 10–15 crore, with additional capital coming from domestic family offices and startup founders. Final close is expected by March 2026.

 

Led by Hitesh Ahuja, who sold his foodtech startup Yumlane in 2023, and IndigoEdge cofounder Zerin Rahiman, PixelSky marks IndigoEdge’s expansion from advisory and proprietary investments into fund management. The firm has facilitated over 150 transactions worth around $3 billion and invested INR 25–30 crore as a limited partner in multiple VC funds. PixelSky is currently evaluating about 20 companies before finalizing its portfolio

 

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Meta’s Upcoming AR Glasses: A Sneak Peek

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Meta is developing its first true AR glasses, set to launch in 2027. Before the public release, employees will test the device starting in 2024. The company is also releasing new generations of Ray-Ban smart glasses in 2023 and 2025 with enhanced features like a “viewfinder” display.

Specifications and Features

The AR glasses are expected to feature OLED displays and Qualcomm Snapdragon chipsets, offering sophisticated AR and AI capabilities. They will enable users to interact with virtual objects and project high-quality holograms of avatars onto the real world.

Design and Competition

Meta aims for a sleek design, potentially building on its Ray-Ban partnerships. The AR glasses market is competitive, with Apple and Google also investing heavily. Meta seeks to make its AR glasses a game-changer by offering a unique user experience.

Future Plans

In addition to AR glasses, Meta is expanding its VR offerings with new headsets like the Quest 3 and exploring other wearable technologies. The company is focused on reducing costs to make the AR glasses more consumer-friendly by launch.

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

MobiKwik is venturing into the stock broking sector with the launch of its subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), following approval from the Ministry of Corporate Affairs on March 3, 2025. This move aims to diversify MobiKwik’s offerings beyond its core digital payments services and compete with established players like Zerodha and Groww.

MSBPL will provide a range of brokerage services, including trading in shares, securities, commodities, and derivatives. The subsidiary has an initial capital of Rs 1 lakh, with plans for an additional Rs 2 crore investment to support its operations.

As MobiKwik enters this competitive market, it brings a substantial user base of 172 million and a merchant network of 5 million. Despite recent financial challenges, including a reported loss of Rs 55.2 crore in Q3 FY25, the company aims to leverage its existing infrastructure and user engagement to capture a share of the growing investment technology market, projected to reach $74 billion by 2030.

This strategic expansion aligns with MobiKwik’s broader goals of enhancing its financial service

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