Flipkart Founder Shifts Gears: New Venture Aims at Revolutionizing Branded Goods Market

In a bold move that signals a shift in his entrepreneurial focus, Binny Bansal, co-founder of India’s e-commerce giant Flipkart, has launched a new venture dedicated to branded goods. This venture aims to tap into the lucrative market for premium products, which has shown considerable growth in India and offers significant profit margins.

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India Intensifies Scrutiny Over Amazon and Flipkart's Financials for Potential Penalties

The government of India has started the process of scrutinising the books of Amazon and Flipkart, two of the e-commerce giants operating within its borders. According to reports, this comes after allegations of violations with respect to foreign investment rules and norms pertaining to competition. It has been reported by Mint, citing officials, that the government of India is taking a close look at financial documents of both companies that may lead to the levying of penalties.

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