Topyaps Logo

Topyaps Logo Topyaps Logo Topyaps Logo Topyaps Logo

Topyaps menu

Responsive image

Flipkart Reaches $15.5 Billion In Latest Valuation, And Bansals Are Richer Than Ever

Published on 19 May, 2015 at 2:08 pm By

India’s e-commerce giant, Flipkart, is closing a funding round for over $500 million, which implies it has a valuation of $15.5 billion, reports Forbes.

Flipkart’s two founders, Sachin Bansal and Binny Bansal, former Amazon executives, will be the first of India’s e-commerce entrepreneurs to turn billionaires. At a $15.5 billion valuation, their net worth will zoom up to $1.16 billion each.


Advertisement

 

After the close of this round, Flipkart is said to be contemplating  to borrow anywhere between $200 million to $500 million to expand stay ahead on several fronts.



Flipkart has signed up a spanking new $2 million square feet space in an office park in Bangalore. It is billed as India’s largest commercial real estate deal.

 

bansal flipkart

the hindu

The e-commerce platform lists 30 million products, ships 8 million packages a month and has 45 million registered users. Flipkart delivers in over 1000 Indian cities and towns. It currently has 33,000 employees.

flipkart

candy tech


Advertisement

 

Advertisement

Latest Stories

Here’s Google’s report of the best Android apps 2020 in India

Here’s Google’s report of the best Android apps 2020 in India


Kangana Shared A Two Piece Picture of Her Got Trolled on Twitter

Kangana Shared A Two Piece Picture of Her Got Trolled on Twitter


17 Unseen Photos of Harshita Gaur, Famous Actress of Sadda Haq & Mirzapur

17 Unseen Photos of Harshita Gaur, Famous Actress of Sadda Haq & Mirzapur


Mia Khalifa Caught Using Her Face Mask To Pick Up Dog Poo And Put It back On Her Face

Mia Khalifa Caught Using Her Face Mask To Pick Up Dog Poo And Put It back On Her Face


Glamorous Avatar of Rasika Dugal, Mirzapur Actress Will Have You Drooling All Over Her Instagram Feed

Glamorous Avatar of Rasika Dugal, Mirzapur Actress Will Have You Drooling All Over Her Instagram Feed


Advertisement

Most Searched

More From Business

Popular on The Web