Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
CEO ReviewCompany Review

The Silicon Review Asia

A few lessons to learn from Binny Bansal’s exit from Flipkart over ‘personal misconduct’ charge

A few lessons to learn from Binny Bansal’s exit from Flipkart over ‘personal misconduct’ charge

When Walmart announced that it was acquiring 77% share in Indian e-retail behemoth, Flipkart, it seemed like it will be the hottest discussion of the year in the startup world. However, the conversation shifted to Binny Bansal’s resignation from the company. It startled the world of e-commercewhen Walmart announced that Flipkart co-founder Binny Bansal was quitting the company after “Personal Misconduct” probe in November. It followed soon after Sachin Bansal, the other co-founder of India’s most sought-after e-commerce business sold his last percentage of the share that he had held.

Since that incident, founders have been more aware of the needs to protect their share from investors who tend to control the company. They have started to demand shares with disparate voting rights. Even the small businessmen have decided to protect themselves while raising capital.

Both the founders have sparked the debate about the shareholders having adequate control over the decision-making. Another entrepreneur said that a company’s vision and culture could be affected when a startup continuously raises capital for development.  “New investors who invest millions of dollars might have a different plan or vision for the company. Such conversations have become regular with the growing influence of foreign capital,” said the founder of a Bengaluru based startup.

Other executives like Ola co-founder BhavishAggarwal sensed the situation and demanded tighter control over the company. Avnish Bajaj, founder,and Managing Director of Matrix Partners India talks about the need forbalancing control and need for new capital. 


Marketing Partnership: NBA, McDonald’s Will Jointly open NBA Experience Zones India

There is good news for all basketball fans in India. Very soon, NBA themed promotions and experience zones will be launched in India. The announcement...

Dunzo to Raise Funds from Google, others

Dunzo, the app which is trying to make life easier for the people upto some extent plans to raise about Rs. 183 crore from different investors which a...

Sapta Shakti Command Will Be Displaying Defence Technology Equipment at Jaipur Military Station

This event is organised with an aim to provide an opportunity where one and all can experience the developments in the field of defence and security-r...

Samsung is All Set to Roll out Its Galaxy A9 Smartphone On November 20

After Samsung unveiled its new Galaxy A9 smartphone in Singapore last month, the company is all set to launch it in India on November 20. In Singapore...