Flipkart's growing fame comes just when company is facing headwinds

Flipkart's growing fame comes just when company is facing headwinds

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 (unrelated), the founders of Flipkart, India’s largest e-commerce marketplace, are becoming globally famous at a time when the valuation of the company, and its high-cash burn rate, are causing investors to stay away.

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