Flipkart Co-founder Binny Bansal to Launch Global AI Startup, to Have Primary Operating Center in Bengaluru, Headquarters in Singapore
Binny Bansal, co-founder of Flipkart, India’s largest e-commerce company, is launching a global AI startup. The startup, which is still in the early stages of development, will focus on developing artificial intelligence products and services for businesses and consumers.
Bansal said that he is excited about the potential of AI to transform the way we live and work. He said that the startup will focus on developing AI solutions that are “easy to use, affordable, and accessible to everyone.”
The startup will have its primary operating center in Bengaluru, India, and its headquarters in Singapore. Bansal said that the company will hire a team of top AI engineers and scientists from around the world.
Bansal’s Background
Bansal co-founded Flipkart in 2007 with Sachin Bansal. The company grew to become India’s largest e-commerce company, with a valuation of over $37 billion. Bansal stepped down as CEO of Flipkart in 2018, but he remains a board member.
Bansal is a graduate of the Indian Institute of Technology Delhi and the Indian School of Business. He is also a member of the World Economic Forum’s Young Global Leaders program.
The AI Market
The global AI market is expected to grow to $394.6 billion by 2025. AI is being used in a wide range of industries, including healthcare, finance, and manufacturing.
Bansal’s Startup
Bansal’s startup is still in the early stages of development, but it has the potential to be a major player in the global AI market. The company is well-positioned to succeed, given Bansal’s experience and expertise in the e-commerce industry.
