Flipkart founders among India's richest, amidst debate on e-tailer valuations

Flipkart founders among India's richest, amidst debate on e-tailer valuations

Binny Bansal (left) and Sachin Bansal, founders of Flipkart. Since 2013, Flipkart has been slowly shifting to a marketplace model, where it connects customers to thousands of third-party sellers. Photo: Hemant Mishra/Mint

Sachin Bansal and Binny Bansal, the founders of Flipkart, India’s largest e-commerce marketplace, are now ranked among the top100 richest people in India, with a net worth of $1.3 billion each, at a time when opinion is divided on whether Indian startups are over-valued.

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