Flipkart will look at investing less in startups: Binny Bansal

Flipkart Co-founder Binny Bansal has said that Flipkart will look at investing less in startups as there was a time probably when there was more cash than the e-commerce startup needed. Flipkart has been backing local startups peculiarly in non-Series A rounds, he added. It may consider the companies that prove to be strategic to Flipkart's business, Bansal further said.