- Flipkart on Wednesday sold 77% of its stake to Walmart group
- Koramangala a 'lucky suburb', says Biocon chairperson Kiran Mazumdar-Shaw
- Infosys, Biocon started in Koramangala rented offices, she adds
Terming Koramangala as a "lucky suburb", the Biocon chief said: "Infosys & Biocon also started in rented offices in Koramangala..." Ms Mazumdar-Shaw, founder of Biotech, also serves as independent member of the board of Infosys.
Flipkart's First Office: A Bungalow That Nurtured $20.8 Billion Unicorn - Infosys & Biocon also started in rented offices in Koramangala - lucky suburb! https://t.co/Yv9P3nc8l4Kiran Mazumdar Shaw (@kiranshaw) May 9, 2018
The first storey of a two-storey Bungalow in Koramangala became the first office from where Sachin and Binny Bansal founded the e-commerce start-up Flipkart in 2007 that later turned into India's first unicorn.
Located in 447-C, 12th main, Koramangala, the bungalow is located in a leafy lane of a residential suburb that is now inundated with scores of restaurants, restro-bars and fitness centres, according to Flipkart Stories, the official website that publishes latest news updates about the e-commerce company.
Flipkart sold 77 per cent of its stake to Walmart group in a deal that values the 11-year-old company at $20.8 billion.
Besides the three industry leaders - Flipkart, Infosys and Biocon, other major companies headquartered in Bengaluru include Wipro, Britannia Industries, GMR Group, Tata Coffee, Strides Shasun and Shapoorji Pallonji Group.
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