Amazon-Flipkart: India's startup ecosystem needs a blockbuster exit

Amazon-Flipkart: India's startup ecosystem needs a blockbuster exit

Morgan Stanley’s filing comes nearly two months after Flipkart appointed co-founder Binny Bansal (right) as its new chief executive officer, replacing Sachin Bansal, who became executive chairman. Photo: Hemant Mishra/Mint

The autumn of 2007 was a special one for India’s start-up ecosystem. Two computer science graduates from the Indian Institute of Technology Delhi, Sachin Bansal and Binny Bansal, had just quit their jobs with Amazon Inc.’s software development centre in Bengaluru to start an online bookstore out of a two-bedroom apartment in the city. The big dream was to create the Amazon of India.

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