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Sustainable packaging solutions provider Fibmold, marketing tech platform MyEra and frozen food supplier FroGo have raised early-stage funding, the companies said on Thursday.
Frogo: The firm said it will utilize the funds for expanding operations to 4 cities across North, West and South zones of India with its warehouses, 50 dark stores & distribution network, and building technology with fully integrated temperature monitoring. ....
Walmarts shareholding in Flipkart is likely to rise to around 80%, strengthening its ownership of the Indian ecommerce firm, as cofounder Binny Bansal and other minority investors sell more shares to the Bentonville, US-based retailer, according to regulatory filings in Singapore, accessed by ET. ....
Bansals exit marks the end of the founding entrepreneurs association with one of the most storied Indian consumer internet startups over the past decade. ....