Flipkart co-founder Binny Bansal going to set a $400M venture capital fund
As per reports this fund is operates from Singapore. Some more angel investors also part this VC fund.
The VC fund will provide funding to early-stage startups in India and south-east Asia. Binny personally investing in startups from the last 5 years and now going to set up a VC fund to support early-stage startups.
Early-stage startups got investment up to $20M to $30M easily but most startups fail to get more funding.Tweet
Flipkart co-founder Binny Bansal is now investing in Indian startups. He funded Fintech startup Acko and also invested in robotics startup GreyOrange which provides solutions to warehouse management.
Binny Bansal sold his majority stack in Flipkart but still, he owns a 3% stack in the e-commerce company.
He is on the way of entrepreneurs who started investing in startups. Infosys co-founder Nandan Nilekani, Baazee co-founders Avnish Bajaj and Suvir Sujan are great examples of entrepreneur turns to investors.