After raising $2.5 billion from SoftBank’s Masayoshi Son and his Vision Fund, Sachin Bansal and Binny Bansal are back in the driving seat at Flipkart, the company they founded over a decade ago.
The investment will make Son, through his Vision Fund, one among the largest shareholders in Flipkart and will lower the strength of Tiger Global on its board. Around $1.5 billion in the latest deal is being used to purchase shares from existing investors, largely from Tiger. The move could see the role of Kalyan Krishnamurthy, a former director at Tiger and the current CEO of Flipkart, being