News Business Where Does Flipkart, Snapdeal and Olacabs Stand in the World?

Where Does Flipkart, Snapdeal and Olacabs Stand in the World?

Founded in 2007, Flipkart has grown to be India’s top e-commerce company. Co-Founders Sachin Bansal and Binny Bansal started the company with just 400,000 rupees ($6,500) cash, started delivering books across Bengaluru on their scooters. As of November 2016, Morgan Stanley stated the current market value of Flipkart is $5.54 billion.

Flipkart Unicorn List

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In April 2016, Sachin Bansal & Binny Bansal were named in 100 most influential people by TIME.

“Filpkart, now India’s top internet retailer with an estimated 44% market share and often touted as the country’s Alibaba, Flipkart has attracted $1.9 billion from investors such Tiger Global Management, Qatar Investment Authority and Naspers. It boasts 30 million products, 46 million registered users and 8 million shipments a month. “ – Forbes.

Sachin Bansal Binny Bansal Flipkart

According to The Unicorn List (list of private companies valued at $1 billion or more) Flipkart scored its place at #8 with valuation of $15 billion.

With Uber leading the list, Snapdeal was able to save itself a satisfactory seat at #22 with $7 billion valuation. Despite having a rocky start, surviving various controversies, Snapdeal has become one of the top retailers in World’s largest democracy – India.

Snapdeal The Unicorn List

Uber surely snatched the crown in the list but Ola Cabs have grown noticeably since a couple of years, scoring the seat at #21 with valuation of $5 billion.

Olacabs Uniucorn List

Ola claims to clock an average of more than 150,000 bookings per day and commands 60 percent of the market share in India.

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