Sachin Bansal's and Binny Bansal's five-year-old startup, Flipkart.com has been featured in FORTUNE's 2012 '40 Under 40' list issued today. It was a pleasant surprise that the Flipkart has been included with the likes of Mark Zuckerberg and Larry Page ranking 26th in the list sharing the podium with Russia's Ozone Holding and China's 360buy.com Group.
The article on CNN's website mentions Flipkart as follows:
INDIA
Sachin Bansal
Age: 31
Co-founder and CEO
Binny Bansal
Age: 29
Co-founder and COO
Flipkart
The duo's five-year-old startup is now India's largest e-tailer, clocking 50,000 shipments a day of everything from books to phones to baby-care products. Sales of $100 million were up 10-fold over last year, and the former Amazon software developers (who are not related) are consolidating their lead in India's $1.6 billion e-commerce market. They snapped up online consumer electronics firm Letsbuy, launched Flyte, an online music store this year, and just closed a fourth round of funding by a consortium including U.S. heavyweights Tiger Global, Accel Partners, and ICONIQ Capital.
Growth target: To top sales of $1 billion by 2015.
The article on CNN's website mentions Flipkart as follows:
INDIA
Sachin Bansal
Age: 31
Co-founder and CEO
Binny Bansal
Age: 29
Co-founder and COO
Flipkart
The duo's five-year-old startup is now India's largest e-tailer, clocking 50,000 shipments a day of everything from books to phones to baby-care products. Sales of $100 million were up 10-fold over last year, and the former Amazon software developers (who are not related) are consolidating their lead in India's $1.6 billion e-commerce market. They snapped up online consumer electronics firm Letsbuy, launched Flyte, an online music store this year, and just closed a fourth round of funding by a consortium including U.S. heavyweights Tiger Global, Accel Partners, and ICONIQ Capital.
Growth target: To top sales of $1 billion by 2015.
RSS Feed
