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Headline: Flipkart’s Founders Sachin Bansal and Binny Bansal: From a Startup Dream to a $16 Billion Exit Introduction Sachin and Binny Bansal, IIT Delhi alumni, turned a small online bookstore into Flipkart, a multi-billion-dollar empire that transformed India’s e-commerce landscape. Their journey is a story of innovation, risk-taking, and persistence. How It All Began In 2007, after quitting their jobs at Amazon, Sachin and Binny launched Flipkart from a Bangalore apartment with just ₹4 lakh ($5,000). They handled everything from packaging to customer service, winning trust by introducing Cash on Delivery (COD) in India. Flipkart’s Rapid Growth Flipkart quickly expanded, reaching unicorn status by 2012 with a $1 billion valuation. Their Big Billion Days sales and customer-centric approach helped them compete with Amazon and Snapdeal. Challenges Along the Way The Bansals faced intense competition and rising costs but navigated these hurdles with strategic innovations, like acquiring Myntra and investing in logistics. The Walmart Acquisition and the Bansals’ Exit Walmart acquired a 77% stake in Flipkart for $16 billion—the largest deal in India’s startup history. Post-exit, Sachin founded Navi, and Binny began investing in startups. The Legacy of Flipkart The Bansals’ story paved the way for Indian startups, inspiring future entrepreneurs. Flipkart’s success continues to shape India’s startup ecosystem, proving that with vision and persistence, anything is possible. E-Cell, IIT Bombay

- $93M for UK fintech, $1.2M for Chennai skincare, and a mysterious Google-backed Flipkart round. 🥭 Welcome to May 24, 2024, where startup news is buzzing. - Flipkart's latest stunt? Securing funding from Google in a Walmart-led round. Amount and valuation? Classified. Just wait for those regulatory approvals. - UK fintech Vitesse raised $93M in Series C, led by KKR, to conquer the US market. - Chennai’s Chosen scored $1.2M seed funding at a $19M valuation, thanks to friends and family. Who knew skincare could be this lucrative? - Overall startup funding in India plunged 88% YoY to just $25.6M in late May. - Home decor startup Vaaree kicked off a new funding round. Details? Still a mystery. Biggest story? Google's Flipkart play. The steep drop in Indian startup funding is the stark reality. Is it a trend or just a blip? What's your next bold move in this volatile market? PS: Here's some mangoes for you 🥭🥭🥭🥭🥭🥭 -- Found it interesting ? Follow Dev Oza to keep yourself updated with daily startup news, case studies and free resources- -- 📌 Hello I'm dev, 17 yo CEO at Impact, crossed 2.5 million AGR as of 2023-24' and currently building Just± - the super business application for startup and msme's 🦄 I'm willing to connect and build together! #startup #ceo #news

Flipkart is the temple of Unicorns. As India's largest e-commerce website and a powerhouse startup, it has given rise to over 8 unicorns. Companies like Groww, PhonePe, Cultfit, Spinny, Myntra and Slice have all emerged from the Flipkart early network, showing the incredible ripple effect of success. It shows how when one company succeeds, it sets off a chain reaction of talent, experience and wealth creation. The exposure to high-stakes problem-solving and learning from failures will help other entrepreneurs leverage their experiences to not repeat the mistakes that they have learned at Flipkart. And this success does not end with Flipkart. Companies like CRED, Swiggy, Zomato and Meesho will build the next generation of entrepreneurs. Each unicorn has the potential to create ten more, leading to the growth of the Indian startup ecosystem. This will enhance India’s reputation and help us make a mark on the global stage. It will be exciting to see the possibilities that come with it for entrepreneurs. #startup #unicorn

I recently wrapped up A Billion Dreams: Decoding Flipkart’s Growth Story by Varadharaju Janardhanan, and it’s an insightful and captivating read! The book offers a detailed, well-researched narrative on Flipkart’s remarkable entrepreneurial path. From overcoming early hurdles to becoming one of India’s largest e-commerce giants, it highlights how the founders’ unwavering focus on customer satisfaction laid the foundation for their success. What really struck me was Flipkart’s profound influence on India’s startup ecosystem. The company embraced a unique model of corporate entrepreneurship, fostering a culture that encouraged innovation and risk-taking. This environment empowered many “Flipsters,” who have gone on to launch nearly 200 startups! It’s incredible to see the Rippling Growth of innovation created by one organization. The book also delves into Flipkart’s people management strategies and the nurturing work culture that contributed to its rapid growth. The story of how Ekart was born within Flipkart’s ecosystem is particularly inspiring. For anyone interested in entrepreneurship, A Billion Dreams is a must-read. It’s not just the story of Flipkart’s rise—it’s a valuable guide to building a resilient and thriving business in a competitive landscape. #supermoney #Flipkart #TechInnovation

Flipkart’s investment arm, Flipkart Ventures, today announced the third cohort of its accelerator program, 'Flipkart Leap Ahead'. It fosters innovation and nurtures entrepreneurship amongst early-stage Indian tech startups from various sectors, including Fintech, Logistics, Health, SaaS, B2B Marketplaces, and Sustainability using GenAI in their core solution or product". Following the investment, startups will embark on a two-month mentorship program where industry veterans, operators, and founders will guide entrepreneurs to prepare them for hyper-growth. The inaugural and preceding cohorts included start-ups which went on to receive further investment rounds, including Rightbot Technologies , Tune.ai, LivWell, Recircle, FlexifyMe, Dopplr, and others. Flipkart is committed to fostering the future of India's tech ecosystem. We believe in empowering entrepreneurs by equipping them with the resources and ecosystem for growth. Apply now at https://lnkd.in/g8wRUYAF  #FlipStart #FlipkartLeap Kalyan Krishnamurthy | Jeyandran Venugopal | Ravi Iyer | Rajneesh Kumar | Naren Ravula | Lubna Ahmed | Tessa Thomas

One Company, Many Unicorns: A Legacy of Success 🦄 The Flipkart Mafia has changed the unicorn game in India! It’s incredible to see how 44 startups have emerged from former Flipkart employees—also known as the Flipkart Mafia or Flipsters—with a cumulative valuation of $25 billion! Among them, 8 have been backed by Flipkart co-founder Binny Bansal himself. This isn't just about individual success stories; it shows how one organization can create a wave of innovation and leadership, resulting in a thriving network of future unicorns. 🔥 The startups founded by former Flipkart employees and the total funding they have secured. Udaan – $1.4B PhonePe – $700M CultFit – $600M Spinny – $530M Navi – $450M Groww – $400M Slice – $281M Rapido – $180M JumboTail – $143M Myntra – $124M Pocket FM – $119M Data Source: Aviral Bhatnagar What can founders learn from the Flipkart Mafia? Great teams build great companies. Keep learning, adapting, and evolving. Surround yourself with mentors and visionaries. Bold moves often create breakthrough success. Build businesses that drive value and create lasting change. Let’s take these lessons to heart and strive to build our own legacy! What lessons have you learned on your entrepreneurial journey? Share your thoughts in the comments! 👇💬 Flipkart udaan.com Pocket FM Myntra Rapido slice Groww CultFit PhonePe #business #startups #unicorns

Is Third Time a Charm❓ Flipkart wants to make a major wager on groceries and speedy shipping once more. Can it, however, strike it fortunate a third time after two largely failed attempts? 🤔 As of 2020 and 2021, ten-minute delivery were not a fancy idea. Although many questioned the necessity of such rapid deliveries at the time, platforms' tenacity and customers' evident convenience have prevailed. The last few weeks have witnessed Blinkit's reversal, as well as the revenue momentum in rapid commerce that Swiggy and Zepto have amassed. In just two years, these companies have gone from proof of concept to major players. Can Flipkart achieve the same quick growth? What’s your take? Let us know in the comments below! At Impactful Pitch®, we are the launchpad for startup dreams, offering mentorship and crafting impactful pitch decks that turn visions into investment realities. Let’s take your fundraising journey to new heights. 🤝 Connect with us Impactful Pitch® or our founder Mr. Nikhil Parmar to learn more about our fundraising services! Email: info@impactfulpitch.com Contact Us: +91 8433609236 DM: Impactful Pitch® Website: https://lnkd.in/dXw8T_GS #impactful  #startup  #india  #startups  #investments #funding #fundraising #venturecapitalist #venturecapital #impact #global #pitchdeck #business #entrepreneurs #entrepreneurship #scalingbusinesses #impactfulpitch #angelinvestors #angelinvesting #fund #founders #mentorship #foundersjourney #quickcommerce #flipkart #blinkit #zomato #swiggy

I recently had a chance of reading A Billion Dreams: Decoding Flipkart’s Growth Story by Varadharaju Janardhanan. The book is a well-researched account of Flipkart’s entrepreneurial journey laid out in a captivating and easy-to-read way, illustrating the many challenges, uncertainties, and setbacks that come with building a successful startup. The book traces Flipkart's evolution, from its humble beginnings to its rise as one of India's largest e-commerce companies. It shines a light on the founders' unwavering commitment to a customer-centric approach, which became a cornerstone of their success. One of the most remarkable elements of the book is its exploration of Flipkart’s broader influence on India’s startup ecosystem. Not only did Flipkart create a creative and dynamic work culture, but it also nurtured entrepreneurial talent. Many former employees, fondly called “Flipsters,” went on to launch nearly 200 startups! The book also provides a deep dive into Flipkart's work culture, focusing on how its emphasis on effective people management and a supportive work environment contributed to its growth. The challenges Flipkart faced during its early years became valuable learning opportunities, shaping the company’s resilience and strategic direction. A Billion Dreams is a must-read for anyone with entrepreneurial ambitions. It not only recounts Flipkart’s rise but also provides valuable insights into what it takes to build and sustain a thriving business in a competitive environment. #flipkart #entrepreneurship #12booksin12months #flipster #bookreview

Walmart-owned Flipkart has closed a funding round of about $1 billion that includes $350 million from Alphabet’s Google, according to a person aware of the matter. The Bengaluru-based online retailer announced Google’s investment on Friday as a “minority investor” but did not disclose the size of the deal or the company’s valuation. According to people briefed on the investment terms, Flipkart has been valued at $35-36 billion in this investment round, up from $33 billion last year following PhonePe's separation from the group. 🚀 Join the startup revolution! Follow StartupTrak for the latest and hottest startup news, inspiring stories, and game-changing innovations! 💯❤️🔥 . . #Flipkart #FundingRound #GoogleInvestment #Alphabet #BengaluruStartups #Ecommerce #TechInvestments #StartupFunding #MinorityInvestor #BusinessNews #Valuation #Walmart #PhonePe #InvestmentNews #TechNews #StartupGrowth #IndianStartups #VentureCapital #MarketValuation #OnlineRetail #CorporateInvestments #StartupNews #StartupTrak