On a conference call on Wednesday, Sachin Bansal, the Co-Founder & CEO of Flipkart talked about the company’s future plans, the growth of e-commerce market and government regulations. Edited Excerpts.
As the chief executive officer of Flipkart, Sachin Bansal, has a lot to do. In an interview with NextBigWhat at our startup conference UnPluggd, Bansal gave candid views on the way things are going. Watch the video to find out more on some key decisions the company had to make.
Speaking at NextBigWhat’s startup conference UnPluggd, Flipkart’s co-founder & CEO Sachin Bansal said that the company wants to focus on fashion retailing and making its newly launched marketplace a better experience for customers over this year.
We can get into specific of today, i.e. why Flyte? why marketplace? But the real meat is in the specific of past – the structure needed to build a scalable tech business in India.
If you are starting out on your entrepreneurial journey, here are some words of wisdom from those who’ve been there before. These were lessons entrepreneurs parted with at earlier editions of UnPluggd, our mega startup conference.
Naspers paid $140 mn for 8.6% in Flipkart in July. At the time of investment, Flipkart would have been valued at $1.6 bn.
It is now up to Malviya and his army of engineers to keep the company ahead of the technology curve, even as Amazon brings world class tech to tap India’s growing e-commerce market.
Not that they aren’t doing great individually, but given the current bloodbath in this space (and drying funds), maybe Flipkart & Myntra should explore a deeper channel that will make 2+2, 22.
It is particularly bad in India with the “baccha hai” attitude the grey hairs show. But we are seeing this change. There is really no excuse anymore to not treat young startup folks seriously. Need a real reason? I’ll give you four.
E-commerce company Flipkart has raised another $160 million to add to its previous round of funding. The company had raised $200 mn in July. The Dragoneer Investment Group, Morgan Stanley Investment Management, Sofina and Vulcan Capital and Tiger Global have participated in…