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LG Will Reveal Next Phase In Development Of 'Smart Kitchen' at CES

At CES 2019, LG in addition to presenting new gram laptops and a capsule-based beer making machine would be unveiling the next development phase of the "smart kitchen" based on a collection of smart kitchen products paired with the Drop KitchenOS platform. This collection include ovens, dishwashers, refrigerators and now a smart display all working in harmony to help simplify the task of food preparation and meal cleanup.

The display being added is the XBOOM AI ThinQ WK9 Smart Display which includes a powerful stereo speaker with AI built-in, access to the Google Assistant and thousands of smart personalized recipes from culinary startup Innit.


The capsule-based beer making machine, the HomeBrew also makes for an addition to the smart kitchen ecosystem along with an InstaView ThinQ refrigerator and QuadWash dishwasher. For example, smart kitchen customers could enjoy a cold brew while looking up recipes on the smart display which is then sent to the oven ensuring a pre-heat…

All the winners from The Walmart-Flipkart Deal


Image credit: Flipkart

We recently profiled Walmart's majority acqusition of Flipkart right here on The Techie but just some moments after we want to go into detail about which company/who made a killing from this Walmart sale.

Prior to this major acquisition, Flipkart had raised $7.3 Billion total from Investors and had made 10 acquisitions, include its previous big round of a $1 Billion financing from Softbank and its raising of huge amounts of cash in loans from various Indian banks, It had a number of 21 major investors including Tencent, eBay,  Microsoft, Softbank, Tiger Global, South African based Naspers and a host of other investors.

Starting with co-founder Sachin Bansal who sold his entire stake for approximately $1 Billion but will have to pay 20% personal gains tax in his home country India will end up walking away with about $800 million, He apparently sold his entire stake because Walmart only wanted one founder on Flipkart's Board, He also stated via a Facebook post that he will take time to finish some of his personal projects, catch up with gaming and brush up his coding skills after this acquisition.



Co-founder Binny Bansal also make quite a killing selling $104 million of his shares but also retaining a huge stake worth $881 million in the company.


Image credit: Flipkart

We recently profiled Walmart's majority acqusition of Flipkart right here on The Techie but just some moments after we want to go into detail about which company/who made a killing from this Walmart sale.

Prior to this major acquisition, Flipkart had raised $7.3 Billion total from Investors and had made 10 acquisitions, include its previous big round of a $1 Billion financing from Softbank and its raising of huge amounts of cash in loans from various Indian banks, It had a number of 21 major investors including Tencent, eBay,  Microsoft, Softbank, Tiger Global, South African based Naspers and a host of other investors.

Starting with co-founder Sachin Bansal who sold his entire stake for approximately $1 Billion but will have to pay 20% personal gains tax in his home country India will end up walking away with about $800 million, He apparently sold his entire stake because Walmart only wanted one founder on Flipkart's Board, He also stated via a Facebook post that he will take time to finish some of his personal projects, catch up with gaming and brush up his coding skills after this acquisition.



Co-founder Binny Bansal also make quite a killing selling $104 million of his shares but also retaining a huge stake worth $881 million in the company.

Softbank also made a killing on its huge and very recent $2.5 Billion investment which has now increased by a multiple of 1.6 to a huge $4 Billion .

Naspers invested a good $600 million over several rounds in Flipkart and has now gotten a good return of almost 4 times its investment after pocketing $2.2 Billion from the sale of its shares to Walmart.

U.S based hedge fund Tiger Global Management led by Chase Coleman III made a whooping 430% return on its total $1 Billion investment in Flipkart, pocketing a huge $3.3 Billion on its share sale to Walmart and staying with a remaining $1 Billion stake it didn't sell, This is the highest VC/Private equity return in India's history and was suprisingly pulled off by a U.S firm.

Accel partners, The U.S venture capital firm also made over $800 million after investing a total of $100 million in Flipkart over different rounds, The estimate is provided since its exact stake is not actually known.

Flipkart's employees are also big winners in this sale, The company has made a fortune for many of its employees with a $2 Billion stake in total owned by its many employees with over $1 Billion vested currently which Walmart has agreed to purchase in a share buyback deal.







Softbank also made a killing on its huge and very recent $2.5 Billion investment which has now increased by a multiple of 1.6 to a huge $4 Billion .

Naspers invested a good $600 million over several rounds in Flipkart and has now gotten a good return of almost 4 times its investment after pocketing $2.2 Billion from the sale of its shares to Walmart.

U.S based hedge fund Tiger Global Management led by Chase Coleman III made a whooping 430% return on its total $1 Billion investment in Flipkart, pocketing a huge $3.3 Billion on its share sale to Walmart and staying with a remaining $1 Billion stake it didn't sell, This is the highest VC/Private equity return in India's history and was suprisingly pulled off by a U.S firm.

Accel partners, The U.S venture capital firm also made over $800 million after investing a total of $100 million in Flipkart over different rounds, The estimate is provided since its exact stake is not actually known.

Flipkart's employees are also big winners in this sale, The company has made a fortune for many of its employees with a $2 Billion stake in total owned by its many employees with over $1 Billion vested currently which Walmart has agreed to purchase in a share buyback deal.





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