Flipkart co-founder Binny Bansal plans yet another startup with XTo10X
New Delhi, Dec 16: Just a month has gone by since Flipkart co-founder Binny Bansal resigned from his position as group CEO at India's most valued e-commerce unicorn. And now speculations are rife about his new venture already. Bansal is planning to launch a company that will offer technology tools, and learning and consulting services to growth-stage startups that are looking to scale up, The Economic Times reported.
The venture -- xto10x Technologies -- which is still at a concept stage, would be funded by Bansal and Krishnamurthy. The duo is also looking to hire a team by January 2019, the news daily reported.
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According to the report, Krishnamurthy could be the Chief Executive Officer (CEO) of xto10x Technologies, while Bansal could be the Executive Chairman.
Flipkart co-founder Sachin Bansal announced his resignation after global retail giant Walmart in May said it would buy 77 per cent of Flipkart for $16 billion to enter into India's growing e-commerce market.