Flip­kart Founders in Time List

The Economic Times - - Disruption: Startups & Tech - Our Bureau

Ben­galuru: Sachin and Binny Bansal, co­founders of In­dia’s most-val­ued in­ter­net com­pany Flip­kart, have been named to TIME mag­a­zines 2016 list of the 100 most in­flu­en­tial peo­ple in the world. The Bansals, who are not re­lated, find them­selves on the list with tech­nol­ogy ti­tans like Ap­ple CEO Tim Cook and Face­book CEO Mark Zucker­berg, global lead­ers like Vladimir Putin and sports icons Lewis Hamil­ton. Both Bansals, who stud­ied at IIT-Delhi and worked at Ama­zon, founded Flip­kart in 2007 as an on­line book re­tailer but now the com­pany sells smart­phones, elec­tron­ics, ap­parel, fur­ni­ture and au­to­mo­biles. The duo were also named to Forbes’ bil­lion­aire list af­ter Flip­kart got val­ued over $15 bil­lion in its last round of fund­ing in July 2015. “This is truly a recog­ni­tion of the In­dian in­ter­net ecosys­tem and its role in us­ing tech­nol­ogy to solve lo­cal prob­lems that is en­abling In­di­ans to lead a bet­ter life. It re­in­forces our re­solve to fast track Flip­kart's mis­sion of trans­form­ing com­merce in In­dia through tech­nol­ogy,” said Sachin and Binny Bansal in a state­ment.

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