Maruti Suzuki will only enter the electric vehicle market if it is feasible: RC Bhargava

By

-

August 27, 2021

Chairman RC Bhargava informed shareholders at the company’s 40th annual general meeting that Maruti Suzuki will only enter the electric vehicle market if it is viable to sell a significant number of units. He also stated that the government’s current focus is on the electrification of two-wheelers.

According to Bhargava, a few manufacturers have introduced electric vehicles in the passenger vehicle sector, but the sales volume is small and has little influence on Maruti Suzuki’s market share. At the same time, Tata Motors and Mahindra & Mahindra are currently working on a range of pure battery-electric vehicles for the Indian market until 2025.

According to Bhargava, Maruti Suzuki aims to be a pioneer in electric vehicles, who also stated that EV penetration will only occur in India when conditions are favourable for people to purchase EVs. In the short term, he added that Maruti Suzuki would focus on CNG and hybrid versions until it is time to build up EV operations.

On the other hand, Suzuki, Denso, and Toshiba are already working with vendors to localize lithium-ion batteries. Suzuki’s parent business stated that India-specific electric vehicles might be available by 2025.

The Chairman also stated that India must stick to its own pace and not be forced by more industrialized nations’ deadlines for climate change, zero-emission, and carbon neutrality.

How to evaluate your startup idea?

By

Allwyn Mathew

-

August 27, 2021

0

All good ideas, they say, have been thought of before. But, before you throw out your company strategy, remember that the execution and people behind it are far more crucial than the idea itself.

So often see founders become extremely fixated on their product, creating blind spots for other success factors. They believe that the market will adopt a good product and entice investors and the general public to go onboard.

There are questions they often forget to ask:

Is this a viable business concept?
Is it a lifestyle business or one with the potential for rapid growth and a significant exit?
Will it be aided by seed funding or perhaps crowdfunding?

The real reason investors analyze a startup company is to see if it can develop quickly. Watch the video to evaluate your startup idea.

Interview: Dr. Raina Khatri Tandon. Founder, Right2Rise

By

Himanwita Mazumdar

-

August 27, 2021

0

Dr. Raina Khatri Tandon, International Speaker Mentor n Educator, Breakthrough Transformation Coach, dynamic trainer, change strategist, author, and an enterprising entrepreneur.

She is also a “certified corporate trainer” from the IATD Mumbai chapter and is a competent career coach. As a trainer, Raina has more than 20 years of experience and touched the lives of around 18000 fantastic people and helped them to improve their life, resolve their issues, induce the CHANGE, and develop a strong self-belief and utilizing their INNER POTENTIAL.

Dr. Tandon is the Founder of Right2Rise, India’s first and only ISO 21001, 17024- accredited certified POSH organisation private limited company and a registered trademarked copyrighted, a part of ITF Global Pvt. Ltd.

Through her role as a certified POSH compliance expert, Raina is an external member of many companies across India. She has been a speaker at various global conferences to advocate women leadership and gender equality and a two-time TEDx speaker at Gateway. Raina is a multiple award-winning entrepreneur and was bestowed with the Nobel Asian Award (2018), the Global Dignitary Award (2018), and the Ph.D. Chakra Award (2018), among various others. She received her BEng in Electronics and Communication Engineering from SRM University (Mumbai) and her MS in Computer Hardware Engineering from the University of Westminster, London, a PhD from Brazil University, Certified Human rights professional From EDX Harvard CHR and currently Pursuing Advocacy from Maharashtra Law university.

Vandana Luthra – A businesswoman who redefined Beauty and Fitness

By

Himanwita Mazumdar

-

August 26, 2021

0

We are all familiar with the name VLCC. This brand’s beauty and healthcare goods are noted for their authenticity and high quality. People may not be aware of Vandana Luthra, the woman behind VLCC’s success. Her abilities and mastery are responsible for the company’s current success. She is not just a fantastic businesswoman but also a lovely wife and mother.

Vandana Luthra was born in Delhi on July 12, 1956, to a literate family. Her father was a successful mechanical engineer, and her mother was an ayurvedic doctor who ran the Amar Jyoti charity foundation. Vandana travelled extensively throughout Europe after getting a graduate degree from the Polytechnic for Women in New Delhi. She aspired to increase her appearance, food and nutrition, and skincare knowledge. She has two beautiful daughters with Mukesh Luthra, whom she has been married to since 1988.

The urge to begin a business dawned upon Vandana Luthra when she had given birth to her second daughter. For many people in 1989, the concept of a woman launching her own business could have appeared ridiculous. Women were supposed to stay at home and care for their children and household responsibilities under patriarchal culture. Many of them were not even provided with adequate education, let alone stable employment. Vandana’s efforts to realise her ambition were heavily criticised by society. They frequently attempted to bring her down and cause her to fail in her undertakings. She, on the other hand, was not ready to give up.

Vandana’s desire to make other people’s life easier inspired the creation of VLCC. This is a trait she may have received from her father and mother. During her childhood, her family invited many people from their community to watch TV from their homes. Only a few houses in the neighbourhood had televisions in the past, and Vandana’s was one of them. Besides, her mom was a warm social butterfly and had helped many people through her trust, Amar Jyoti. Furthermore, her mother’s charity foundation was the first of its type, dedicated to educating children in kindergarten through seventh grade.

Vandana intended to improve the health and welfare of the neighbourhood where her family lived when she got married. She had discovered that only a few people were concerned about their well-being, nutrition, food, or health. She founded the Vandana Luthra Curls and Curves Company (VLCC) out of a desire to remedy this problem. In addition, her enthusiasm for planning exciting hairdos and trying different things with new styles was also included with VLCC’s services. This business expanded over time into a progressive organisation that is now well-known to everyone.

Vandana Luthra also focused on providing dietary plans and weight control schemes for the customers. VLCC is now widely recognised both in our country and around the world. Slimming, aesthetic treatments, laser, hair transplant, and various other services are currently available through the organisation. VLCC has established itself as one of India’s most dynamic beauty and well-being administration organisations. The organisation’s offices are located in 326 locations in 153 cities in 13 countries.

Vandana Luthra has employed over 5000 people through VLCC, including clinical professionals, nutritionists, cosmetologists, and beauty professionals. They’ve also established manufacturing facilities in India, and Singapore. The organisation manufactures and sells a variety of skin, body, and hair care products. These commodities are also sold in 100,000 retail locations in India and more than 10,000 shops across the United Arab Emirates and Africa.

Vandana Luthra also runs the VLCC Institute of Beauty and Nutrition, a career training programme under VLCC. Today, the business has established itself as one of the most promising professional teaching institutes for beauty and wellness education. The organisation is not for profit, and its goal is to make these skills available to women who otherwise would not be able to afford them. Vandana Luthra is the administrator at BWSSC (Beauty & Wellness Sector Skill Council). The Institute has opened such vast numbers of aptitude courses for those who aspire to excel in this field.

When she is not busy with her entrepreneurial works, Vandana Luthra likes to contribute to her nation in any way that she can. She is the founder of a foundation that provides financial assistance in the form of scholarships to physically challenged and impoverished people. She also runs Khushii, a non-profit organisation that works on various philanthropic causes. It educates around 3000 students, provides them with a free lunch, and runs vocational coaching programmes and telemedicine centres.

Vandana Luthra has a membership in the Steering Committee of India’s Ministry of Skill Development & Entrepreneurship on the Pradhan Mantri Kaushal Vikas Yojana. Currently, the Amar Jyoti Charitable Trust has started two schools with more than 800 students. With her expertise on healthcare and fitness, Vandara Luthra has authored two amazing books. “A complete fitness program” was the first book she wrote which was published in 2011. Later in 2013, she published A Good Life: The VLCC way.

From Vandana’s journey, she could be personified as a determined and courageous woman. The road to success is indeed difficult, but with self-determination, anything is achievable.

Mallika Srinivasan: Setting trailblazing standards in a tradition-bound business

By

Himanwita Mazumdar

-

August 26, 2021

0

Entrepreneurship is still viewed as a male-dominated sector, and changing this perception may be difficult. In addition to coping with the popular stereotype, female entrepreneurs face several challenges in their companies. This is the story of a well-known Indian entrepreneur who was voted Businesswoman of the Year by the Economic Times in 2006. She has always tried her hardest to reach for the stars yet always kept her foot firmly planted on the earth. She is a strong-willed woman who is in charge of a company that engages in manly activities. Yet, she has been able to climb above the competition and establish a name for herself in today’s competitive corporate world. She is Mallika Srinivasan, director of the Rs 3040 crore Amalgamations Group – Tractors and Farm Equipment Limited (TAFE). Mallika Srinivasan is one of India’s most successful women CEOs.

Over the course of 25 years, she has steadily grown this company into the world’s third-largest tractor maker. Massey Ferguson and Eicher are two of the company’s most popular trademarks among Indian farmers. It operates in over 100 countries.

Mallika Srinivasan also boosted TAFE’s collaboration with AGCO, an American agricultural equipment producer, to help both organisations develop. Under her leadership, TAFE achieved revenue of INR 93 billion in 2014-15, establishing the company as one of the world’s most profitable tractor firms.

Mallika Srinivasan was born in Alwarkurichi, Tamil Nadu, on November 19, 1959. She was the family’s eldest daughter and a gifted student. From very early on in her life, business studies interested Mallika Srinivasan the most, especially Economics. This is why she earned a Master’s degree in Econometrics from Madras University and an MBA from the University of Pennsylvania’s Wharton School of Business.

When she joined TAFE, the leadership abilities and commercial acumen at Madras University and the Wharton School of Business came in handy. As a result, she was able to improve the company’s competitiveness. As a result, Mallika Srinivasan is now one of the country’s most successful female CEOs.

Mallika Srinivasan has received numerous accolades and prizes throughout the years, reflecting volumes about her leadership talents, insight, and passion for achieving. Ernst & Young recognised Mallika Srinivasan Entrepreneur of the Year in 2011. In addition, she was named one of the Top 50 Asian Power Businesswomen by Forbes Asia. But, more crucially, the Indian government honoured her with the Padma Shri for Trade and Industry.

It is often said that a successful leader ensures the success of their company and considers society’s welfare, and one of them is Mallika Srinivasan. Despite her hectic schedule, she makes it a point to volunteer. She is a supporter of the Sankara Nethralaya, the Chennai Cancer Hospital, and a number of educational and healthcare facilities in Tirunelveli. In addition, she promotes and maintains Carnatic music’s musical lineage through the Indira Sivasailam Endowment Fund.

Mallika Srinivasan is an inspiration to all of us. She is a mother, a wife, and a successful businesswoman. Her unwavering commitment to her career has earned her prominence, fortune, and comfortable existence. Her life has been full of ups and downs, but an entrepreneur’s life is full of them. She possesses excellent abilities that have aided her in scaling new ladders throughout her career.

In the business world, she has given her peers tough competition. Her life has been full of ups and downs, but an entrepreneur’s life is full of them, yet with her excellent abilities, she managed to scale new ladders throughout her career.

Kiran Mazumdar Shaw – India’s first female Billionaire Entrepreneur

By

Samantha Mascarenhas

-

August 26, 2021

0

“There is no force more powerful than a woman destined to rise”

A woman of courage, a woman of vision, a woman of desire, a woman who defeated all odds to become India’s First Female Billionaire Entrepreneur. An inspiration to all the young aspiring woman entrepreneurs – she is Kiran Mazumdar Shaw; the owner of India’s no. 1 Biotech company – Biocon technology and the chairman of Indian Institute of Management(IIM), Bangalore. Kiran was born on 23rd March 1953 in Bangalore, India. She completed her schooling at Bishop Cotton girl’s high school in 1968 and graduated with a degree in BSC (Zoology) from Bangalore University in 1973. She further went on to complete Post-Graduate Diploma in Malting and Brewing from Ballarat Institute of Advanced Education, Melbourne, Australia, in 1975. She married Scotsman John Shaw in 1988, who is currently serving as the vice-president of Biocon.

During the initial years of her career, she worked as a trainee in Carlton and United Breweries in 1974 and as a trainee maltster at Barrett Brothers and Burston, Australia. After returning to India, she worked in Jupiter Breweries Limited as a technical consultant and later worked at Standard Maltings Corporation as a technical manager. Kiran, then agreed to collaborate with Leslie Ochenklas, founder of Ireland-based Biocon Biochemical Limited, who was looking for an Indian entrepreneur to help him establish an Indian subsidiary of his company. Thus Kiran started the company Biocon Biochemicals in the year 1978 in a small garage in Bangalore. But this ought to be the most challenging phase of her life. The concept of ‘Biotechnology’ wasn’t as popular in India then as it is now. She faced many hardships as getting loans approved from banks was very difficult, and it wasn’t easy to convince people to join this startup. It was a tedious job to arrange sterile labs, efficient workers, research equipment, and other scientific skills. However, this did not stop her determination to work. She overcame all obstacles and successfully set up her factory. Within a few years, the company expanded and became a fully integrated pharmaceutical company.

Kiran shares some life lessons and personal experiences which helped her become a successful entrepreneur; stated as follows-

Kiran feels that the entrepreneurial world is male-dominated and needs to populate the business landscape with more women as gender diversity is fundamental in the way business grows in the country.
To be successful as an entrepreneur, one needs to be passionate and dedicated to fixing the problems one faces.
Kiran guides all young aspiring women entrepreneurs to be confident, understand their competence, capabilities, and above all, to have a strong determination and will to succeed in whatever they are doing. She believes every woman should have a sense of purpose and self-belief.
Kiran always believes in differentiation and challenging the status quo and has a deep sense of admiration for people who do that.
Kiran proudly calls herself a philanthropist. She believes money is not a currency to buy favors with but a currency with which you can make a difference.

Kiran is doing many things for the welfare of society, like bringing cutting-edge cell therapy for cancer patients, which could treat cancer at a meagre cost and addressing unmet medical needs. Her focus is on providing sustainable and affordable healthcare for marginalized communities. Her prime goal is to deliver affordable and world-class cancer care facilities to every patient regardless of their social & economic status.

She owns a corporate social responsibility wing called the Biocon Foundation, which focuses on sustainable solutions to address the developmental changes in India.

Kiran has many awards and recognitions under her name. She was honoured as the businesswoman of the year by the Economic Times in 2004. In 2005, Mazumdar-Shaw also received the Padma Bhushan Award, one of India’s highest civilian honors, for her pioneering work in industrial biotechnology. She was named among TIME magazine’s 100 most influential people in the world in the year 2010. She is on the 2011 Financial Times’ top 50 women in business list. In 2015, she was listed as the 85th most powerful woman in the world by Forbes.

Devita Saraf – A Business Leader, a Role Model for Future Entrepreneurs

By

Samantha Mascarenhas

-

August 26, 2021

0

With her unconventional and creative thinking, a woman changed our perception of television as an ‘idiot box into a Smart-Television equipped with the trending technologies. A business leader and a role model for future entrepreneurs, she is Devita Saraf – founder, CEO, and design head of VU Technologies, a luxury television brand. She is also the founder chairperson of the young Bombay forum – BCCI. Devita was born on 25th July 1981 in Mumbai. Her father, Raj Kumar Saraf is the founder of Zenith Computers Ltd, a computer manufacturing company, and her mother, Vijayrani Saraf is an economics professor. She completed her schooling at Queen Mary School, Mumbai, and pursued further studies at HR College of Commerce & Economics. She pursued her graduation in Bachelors of Business Administration from the University of Southern California.

Being born and brought up in a business family, Saraf was interested in business management from a tender age. She started attending business conferences at the mere age of 16. Under the guidance of her father, she started her career in Zenith Technologies. She was named Director of Marketing when she was 21. She was incredibly passionate about leadership and gained a lot of experience while working in her father’s company.

At the age of 24, Devita founded her first company, VU Technologies, in 2006, which sold high-end LED Televisions. VU is currently the 4th largest selling brand in India which has sold more than 1.6 million televisions to date and has around 300 employees across its 11 offices. Before manufacturing televisions, VU studied its customer lifestyles – their needs, demands, requirements and after gathering all the information, it started manufacturing its televisions. Significant attention is paid to every detail, such as inspiration, design, aesthetics, to technology. The prime focus of the company is to manufacture unique products only for Indian millennial consumers. The brand has constantly been working towards ensuring premium products in the market suited for the millennial lifestyle. The company has a brighter future and potential because of its very strong reach and a huge millennial audience within the country.

Initially, Devita had to face many challenges because manufacturing televisions was predominantly believed to be a man’s occupation, and there weren’t many women who worked in the manufacturing industry. She believes that being in a tech business, one has to be incredibly innovative since the industry is customer and trend-oriented. The youth of our country has the potential to build products that enhance your lifestyle and work style.

Devita advises the young women entrepreneurs of our country to –

Aim Big. Don’t settle for less.
Be the CEO of your own life. Design your life the way you want it to be. Be a risk-taker and solve the problems you face on your own.
Always do it for your country. Strive to bring about a change in society. Move your society towards a modern level where women are seen to be business leaders and risk-takers.
Women have to be leaders. They have to be imaginative, intuitive as well as inclusive while working with people.
In the modern era of Artificial Intelligence, creativity plays a very important role, and that woman has a very inclusive and creative sense of leadership and power.

Devita was awarded Zee TV’s Young Woman Achiever Award and IT People Women Leadership Award in 2008. She was named as Indo-American Society’s Most Outstanding Woman Entrepreneur in 2010 and Business Woman of the Year – India Leadership Conclave in 2016. She also made it to the list of Fortune India – Top 50 Most Powerful Women in India and GQ 50 Most Influential Indians in the year 2019.

Anjali Sud – A journey to the CEO of Vimeo

By

Samantha Mascarenhas

-

August 26, 2021

0

A woman who faced rejection from every single investment bank, who was once told that she doesn’t possess the personality to be a banker, went on to become the CEO of Vimeo – the world’s largest ad-free open video platform out there. She is none other than Anjali Sud. Sud was born in 1983 in Michigan as a daughter of Indian immigrants. She graduated with a degree in B.Sc. in Finance and Management. Later on, she went on to pursue MBA from Harvard Business School.

During the initial days of her career, she tried everything from being a toy buyer, marketing diapers online to investment banking, after which she found a job at Vimeo as a Marketing Director in 2014, and later, went on to become the Head of Global Marketing in 2015 and finally CEO in July 2017.

Her journey after becoming CEO wasn’t easy; it was a pretty challenging and pivotal journey as the market was flooded with many competitors for Vimeo. She brought about some radical changes in the first 90 days after becoming the CEO. Vimeo primarily worked with creators of high maintenance and was more focused on content creation. But as the content price rose from millions to billions, it became difficult for Vimeo to compete with big giants; thus, it decided to change its business model to Software-as-a-Service (SAAS), whose market value exceeded $76 million by 2020. Thus, Vimeo transitioned from a video company that invested in content to becoming a technology company that invested in creators following an acceleration in the company’s growth.

Following are some of the critical lessons Anjali shares which she learned during the first 90 days of becoming a CEO:

Rip off the Band-Aid: Don’t be afraid to do the right thing even if it’s unpopular or not accepted easily. By making tough and sometimes uncomfortable decisions, ensures your teammates will respect you in the longer run. Everything starts with vision and values. It helps the company and individuals focus on a common goal.
Look where others aren’t looking: Have a passion for your work and prove yourself as a leader.
Own your shortcomings: Being self-aware and vulnerable is a sign of strength and not weakness. Find solutions for your inadequacies proactively, which can help you and your company grow leaps and bounds.
Lead with Mission. Execute with focus: Stay committed to your organizations’ mission even in the most challenging times. Turning your competitors into partners has been a prevalent and differentiated strategy.
Failure is essential to success: Failing early and often can be difficult but can be empowering. It would be best if you were comfortable acknowledging mistakes.

Anjali firmly believes that change is an inevitable part of any business, and every business and business owner must accept change indecisively. The world is moving too fast for us not to move with it.

Anjali Sud is featured on Fortune’s 40 influential young business leaders under 40 list. Sud was honored with a Muse Award by the New York Women in Film & Television along with Gloria Estefan and Ann Dowd in December 2019. She is a classic example of how failures and rejections should not demotivate one but instead learn from them, adapt to the changes and strive to succeed in your career!

The Unstoppable ‘Miss Fixed’ of TCS: Aarthi Subramanian

By

Himanwita Mazumdar

-

August 26, 2021

0

Aarthi Subramanian is a name to reckon with in the corporate world. She became the first woman to make it to the 18 billion dollar company board- Tata Consultancy Services (TCS). Her journey is the one to inspire all of the young generations.
Aarthi Subramanian did her schooling at Bhilai Steel Plant (BSP)-run school. Her father served in the Bhilai Steel Plant and was opined as a very hardworking, sincere man. His daughter, Aarthi, seemed to have imbibed these qualities in the truest sense. She was headstrong in whatever she did. After completing her schooling, she pursued a BTech degree in Computer Science from the National Institute of Technology, Warangal. She also holds a master’s degree in Engineering Management from the University of Kansas, USA.

Ms. Subramanian started her career as a graduate trainee in TCS in 1989. She became an analyst and project manager and then moved from Account Management to a Senior Executive role in TCS. She has worked in diverse roles in India, Sweden, the US and Canada, gaining rich experience in consulting engagements and large-scale technology programs and operations. Aarthi was the head of Delivery for seven years with the TCS Retail & CPG Business unit, where she was responsible for several strategic accounts and significant clients. She led the team to achieve excellence in customer service through relentless customer focus, rigour in service delivery, and proactive value addition focus. Aarthi also had a stint of over five years with Informix Software. After becoming Executive Director, one of her most challenging assignments was the Passport Seva Project for the complete makeover and digitization of the passport issuing process.

In 2015, She was appointed as The Executive Director, global head of delivery excellence, governance, and compliance of TCS. In addition, Ms. Subramanian serves as Non-Executive Director of the Company. Since 2017.

She is called ‘miss fixed’ by her colleagues, as she has her readymade answers for any challenge. She is a person with solid core values. Not only that, but she is a Bollywood movie buff and a fitness fanatic person. On a poor day, she walks 6 kilometers, but her normal distance is roughly 10 to 12 kilometers. Aarthi Subramanian is noted for her refusal to accept anything less than the best. She is a woman who represents a small sample of many influential female business leaders.

Flipkart: Startup that changed our shopping habits

By

Himanwita Mazumdar

-

August 26, 2021

0

It is difficult to believe that a single small business can radically alter our shopping habits; Flipkart, though, has done precisely that. In 2007, e-commerce was still seen as a separate business category, and most Indians shopped offline. However, the internet was taking over the world, and Steve Jobs had just released the world’s first iPhone, which was about to revolutionize the smartphone market in the coming years.

Sachin and Binny Bansal, two Indian software engineers from IIT, noticed the shifting dynamics of technology and recognized the potential of E-commerce. While there were only 50 million internet users in India, they understood that with the introduction of smartphones, it would only be a matter of time before more Indians were online. So they aimed to take advantage of this opportunity to create an online shopping platform that would elevate India’s buying experience.

India now has over 620 million internet users, with considerable growth in people purchasing online. What began as a two-person ambition to create India’s most trusted online shopping platform has grown into Flipkart, the country’s largest e-commerce site, with 150 million products, over 80 categories and over 200 million customers.

In 2007, after quitting Amazon, both Sachin and Binny Bansal pooled 0.4 million together and founded Flipkart. They chose to offer books on their platform because they found it easier to list, ship, and find vendors than other categories such as electronics or apparel, which might have costed them a lot of money.

People still didn’t grasp the internet, and doing business online wasn’t very common; therefore, most vendors were initially skeptical and distrustful of their business plan. However, the duo persisted and established their website in October of 2007 after persuading vendors. By the end of October, they had received their first order from Telangana. However, their delight over their first order quickly turned into a matter of concern when their vendors informed them that the book was out of stock. After frantically searching Bangalore for the book, the duo finally got their hands on it and delivered their first order successfully. With that, Flipkart was now officially open for business.

Within six months, the Bangaluru-based company was profitable, and by the end of 2009, Flipkart had sold 40 million worth of books. Flipkart received a $1 million investment from Accel Partners, a well-known investment firm, in 2009. The company had over 150 workers and three offices across India by the end of 2009.

Tiger Global joined as a new partnership in 2010, with the first investment of US$ 10 million.

Flipkart was able to take the next step now that it had established itself as India’s preferred marketplace for book enthusiasts. Flipkart was able to enter the electronics industry due to the new partners and increased investment. As a result, they began selling mobile phones in 2010.

Flipkart had still established enough influence among its clients to earn that level of trust. The founders were pushed to think in new ways as a result of this challenge. And that they were prepared to come up with a brilliant solution to implement Cash on Delivery. Flipkart was one of the first E-commerce companies to offer customers the option of paying with cash on delivery. The founders were utterly focused on establishing trust among Indian consumers. They doubled down on their goal by implementing a no-questions-asked return policy, followed by a replacement policy. They were willing to put client happiness ahead of growth.

Sachin served as the CEO of Flipkart for nine years. Binny Bansal took over the position of CEO in 2016, with Sachin becoming executive chairman. And in 2017, Kalyan Krishnamurthy, a former executive of Flipkart investor Tiger Global, was named CEO of Flipkart.

In 2014, Flipkart paid $300 million for online garment store Myntra, and in 2016, it paid $70 million for another fashion retailer, Jabong. In 2016, it acquired the payment startup PhonePe. eBay agreed to invest $500 million in Flipkart in exchange for an equity share and sell its eBay.in the company to Flipkart in 2017. Walmart purchased a 77 per cent share in Flipkart for $ 16 billion in 2018.

In 2016, Flipkart surpassed the 100 million customer mark, and Sachin and Binny were named to TIME magazine’s 100 most influential people list.

Seattle poses the greatest challenge to Flipkart with its e-commerce major, Amazon. Over $6.5 billion has been invested in the South Asian market by the American e-commerce company. Despite heated competition from archrival Amazon, the corporation has remained successful despite numerous fundamental leadership changes in recent years. Walmart’s $16 billion investment has proven to be a watershed moment, even if it resulted in co-founder Sachin Bansal’s departure. The Big Billion Days are outperforming their competition in terms of revenue.

Looking at India’s indigenous e-commerce company Flipkart’s journey, it’s evident that it never lost faith in its investors and customers. A success story like this doesn’t come too often. Flipkart has a lot of potential for continued growth and will be remembered for many years to come. Moreover, their success is a source of encouragement for young Indian entrepreneurs.

CONNECT WITH US