As big startups flounder in India, investors take over control from founders

As big startups flounder in India, investors take over control from founders

Photo: REUTERS/Abhishek N. Chinnappa

India’s most valuable start-up, Flipkart, has changed its chief executive officer (CEO) twice. Rival Snapdeal is up for sale, against the wishes of its founders, after rejecting at least two funding offers.

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