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7 Budding Entrepreneurs At India's E-Commerce Business

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Bangalore:  India is regarded as the fastest growing market for e-commerce. From the year 2011 onwards, equity investors have invested roughly $1.2 billion (over 7,490 crore) into online product retailing according to research firm Venture Intelligence. Interestingly about half of the money poured in last year. Raja Lahiri, a partner at financial advisory firm Grant Thornton India said, "Serious money is now backing the serious players in the industry."



Here is a list of top leaders who are digging gold at India’s priceless e-commerce ecosystem, as reported by Radhika P Nair, Harsimran Julka and Biswarup Gooptu of Economic Times.



Sachin Bansal – Co-founder ‘FlipKart’
Funds Raised: 3,360 Crores



Sales: 6200 Crores in 2015 fiscal (target)




Sachin Bansal is the co-founder and CEO of India’s largest e-commerce business, FlipKart. It can be remember that Sachin, an IIT-Delhi alumnus started FlipKart in 2007 out of a small flat in Bangalore. He and the co-founder Binny Bansal both worked for Amazon India before.



Speaking about the exponential growth of FlipKart, Bansal said, "We had to evolve quite a bit and unlearn some things." The e-tailing giant is reportedly having talks to buy-out its competitor Myntra.



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Reader's comments(3)
1: Good article...flipkart is awesome...
Posted by:mxtechview - 10 May, 2016
2: how to get funding for small eCommerce business in delhi
Posted by:raj tripathi - 06 Jan, 2015
3: Nice to see the list of top notch eCom companies in India.
Posted by:Harish Sharma - 16 Feb, 2014