7 Budding Entrepreneurs At India's E-Commerce Business
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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