Walmart's former e-commerce chief Marc Lore said he's ready to make big bets on digital retail as he teams up with baseball star Alex Rodriguez on a new venture capital firm.
With e-commerce sales booming, private equity firms have been on something of a buying binge, snatching up tens of millions of square feet of warehouse space, in part as an additional way to capitalize on an ongoing revolution in digital commerce and logistics.
Despite an initial freeze in investments early in the year due to the COVID-19 pandemic, U.S. venture capital funding this year has already overtaken 2019 levels as many tech companies got a boost from remote work and an e-commerce boom.
PayPal, a pioneer in online payments, is on a tear, posting record quarterly results last month as the coronavirus pandemic accelerated e-commerce and digital payments trends.
During this fireside chat, you will learn how Subrata and Binny helped put India on the map for many global investors; their views on the current and future Indian startup and venture ecosystem; and Binny's next chapter after Flipkart's successful $16B exit to Walmart, which is the largest ever M&A deal in the e-commerce industry. Speakers include Subrata Mitra, Co-Founder & General Partner, Accel India; and Binny Bansal, Co-Founder & Former CEO, Flipkart. The discussion was recorded at the Trusted Insight Innovation Summit, Tokyo on November 22nd, 2019. The event was in collaboration with Japan Post Bank and Coral Capital.
Binny Bansal recently joined Alex Bangash at the Trusted Insight Summit 2019. Binny is an internet entrepreneur and software engineer that co-founded the online e-commerce site, Flipkart. He started off as the chief operating officer for the company until January 2016, but has since been promoted to chief executive officer. During the discussion, Binny talked about his entrepreneurial journey; his views on the current startup and venture ecosystem in India; and his next step in helping entrepreneurs build innovative companies. The discussion was recorded on June 19th, 2019 in San Francisco, CA.
The Amazon CEO and his wife, MacKenzie, will commit $2 billion to fund existing nonprofits that help homeless families and to create a network of preschools in low-income communities. They call their project the "Bezos Day One Fund."
Chinese e-commerce giant JD.com Inc.'s financial services spin-out, JD Finance, has set up its first consumer-focused early stage venture fund, Qianshu Capital, to back innovative start-ups that help meet increasing consumer demand in China.
U.S. tech stocks may be under pressure lately, but they are still the top dogs when it comes to brand power....
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