At the recently concluded Techcircle E-Commerce Forum in Mumbai, Sachin Bansal, CEO and co-founder, Flipkart, shared key insights on how the company scaled up its business over the years and its acquisition plans going forward. He mentioned that Flipkart will raise a fresh round of funding before going public, adding that the company should exceed their initial target of a billion dollars in gross merchandise value by 2015. Flipkart’s much anticipated IPO is 2-5 years away and Bansal said that the company is still evaluating options for listing in India or abroad. He also talked about how the company generally raises money to sustain operations for 18 – 24 months. Watch the video for the full interview.
Sachin Bansal on how Flipkart built a Rs 2,000Cr business in 5 years
By VCC Staff
- 08 Mar 2013