Reality Check: Correction underway in India's startup space

Reality Check: Correction underway in India's startup space

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

On 29 July 2014, when Flipkart, India’s largest e-commerce marketplace, said it had raised $1 billion in funding, the world sat up and took notice.

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