The "Lucky" Bengaluru Suburb Connection Shared By Flipkart, Infosys And Biocon

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

SM Fathaulla, a retired government employee, owns the 447-C, 12th main, Koramangala property

India's largest e-commerce company, second largest IT services exporter and a biotechnology major share one thing in common: Koramangala, Bengaluru. A suburb in the south-eastern part of Bengaluru where Flipkart, Infosys and Biocon were born. That's not about it. All these offices were rented, says Biocon chairperson Kiran Mazumdar-Shaw on microblogging site Twitter. And Ms Mazumdar-Shaw's tweet comes on a day Walmart group acquired a controlling stake in Flipkart for about $16 billion - the biggest acquisition by the US retailer.

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.
 

447-C, 12th main, Koramangala
Flipkart sold 77 per cent of its stake to Walmart group
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