After Sachin Bansal, co-founder and executive chairman, and Binny Bansal, co-founder and CEO of Flipkart, Ankit Nagori’s was perhaps the most well-known face at the e-commerce company. Starting off in 2010 as a 24-year-old manager at India’s hottest consumer internet company, Nagori rose to become chief business officer in 2015.
Along the way, he spearheaded some of Flipkart’s biggest triumphs – launching fashion and electronics as new categories, scaling the marketplace as he on-boarded 50,000 sellers, flagging off Big Billions Day 2015, and more.
However, working for one of India’s biggest internet companies wasn’t enough for this IIT Guwahati alumnus. He wanted to start his own venture. He had once tried his hands at entrepreneurship and burnt his fingers. That was way back in 2007, when he had started a social network called Youthpad. But the startup spark refused to die.
In February this year, Nagori resigned from Flipkart and soon after, announced he was setting up a healthcare, sports and fitness company with Mukesh Bansal, co-founder of Myntra and head of marketplace at Flipkart, who, too, had quit the e-commerce company.
Their departures followed a restructuring at Flipkart the previous month when the company named Binny Bansal its new CEO. While many connected the rejig and the resignations by Nagori and Mukesh Bansal, the two maintained they had the Flipkart founders’ blessings for their new venture.
In this interview with VCCircle, Nagori speaks about his new firm, his innings at Flipkart and the learnings from India’s biggest homegrown e-commerce company that he plans to apply in his startup.
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