Indian e-commerce tycoon and Flipkart co-founder Binny Bansal may disrupt the AI landscape with his own startup headquartered in Singapore but driven by operations here in Bengaluru. He is making a team of 15 AI experts to offer groundbreaking AI services on a global scale. His future expansion plan is to reach United States. Even though his offerings remain undisclosed, the industry is excited about his upcoming launch.
As the global demand for AI expertise surges, Bansal is harnessing India’s English-speaking, tech-savvy talent pool to cultivate the next generation of AI specialists. While details of his offerings are under wraps, it is poised to disrupt the legal and e-commerce sectors before branching out into financial services, data science and analytics with plans for product launches and service deployment by late 2024.
Bansal, who divides his time between Singapore and Bengaluru, is dedicated to cost-effective innovation by nurturing talent and providing services from India’s smaller cities, where living costs are more favorable. Together with his co-founder Sachin Bansal, they established Flipkart to offer a localized online retail experience for India, predating Amazon’s entry into the Indian market. Binny’s journey at Flipkart saw him rise from Chief Operating Officer to Chief Executive Officer, culminating in the sale of a majority stake to Walmart in 2018 for a staggering $16 billion.
Binny’s subsequent divestment of his entire stake in Flipkart paved the way for investments in the tech startup landscape. He currently holds shares in Walmart-owned fintech venture PhonePe Pvt and retains his position on the board of Flipkart. Now, with his new AI venture, Bansal is looking beyond e-commerce and getting ready to change the world’s industries using the strength of AI.
