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<h1>Sachin and Binny Bansal</h1>


In 2007, two young businessmen who happened to have the same last name decided to quit their respective gigs at Amazon India and set out to make their own fortune. While this may read like a typical Silicon Valley story, it's a new narrative for India's emerging class of entrepreneurs.

 

The Bansals started Flipkart, which originally sold books, like <a href="http://money.cnn.com/quote/quote.html?symb=AMZN&source=story_quote_link" title="">Amazon</a>, but has since become the largest e-commerce site in India. Last year, Flipkart sold $100 million worth of merchandise, and the company wants to move $1 billion worth of goods by 2015. It's also growing like crazy. Last year, Flipkart hired 2,000 new employees and says it will grow fast enough to hire 5,000 more in the coming year. <h1>Sachin and Binny Bansal</h1>


In 2007, two young businessmen who happened to have the same last name decided to quit their respective gigs at Amazon India and set out to make their own fortune. While this may read like a typical Silicon Valley story, it's a new narrative for India's emerging class of entrepreneurs.

 

The Bansals started Flipkart, which originally sold books, like <a href="http://money.cnn.com/quote/quote.html?symb=AMZN&source=story_quote_link" title="">Amazon</a>, but has since become the largest e-commerce site in India. Last year, Flipkart sold $100 million worth of merchandise, and the company wants to move $1 billion worth of goods by 2015. It's also growing like crazy. Last year, Flipkart hired 2,000 new employees and says it will grow fast enough to hire 5,000 more in the coming year.
<h1>Sachin and Binny Bansal</h1> In 2007, two young businessmen who happened to have the same last name decided to quit their respective gigs at Amazon India and set out to make their own fortune. While this may read like a typical Silicon Valley story, it's a new narrative for India's emerging class of entrepreneurs. The Bansals started Flipkart, which originally sold books, like <a href="http://money.cnn.com/quote/quote.html?symb=AMZN&amp;source=story_quote_link" title="">Amazon</a>, but has since become the largest e-commerce site in India. Last year, Flipkart sold $100 million worth of merchandise, and the company wants to move $1 billion worth of goods by 2015. It's also growing like crazy. Last year, Flipkart hired 2,000 new employees and says it will grow fast enough to hire 5,000 more in the coming year. photo: Deepak G Pawar/India Today Group/Getty
<h1>Sachin and Binny Bansal</h1> In 2007, two young businessmen who happened to have the same last name decided to quit their respective gigs at Amazon India and set out to make their own fortune. While this may read like a typical Silicon Valley story, it's a new narrative for India's emerging class of entrepreneurs. The Bansals started Flipkart, which originally sold books, like <a href="http://money.cnn.com/quote/quote.html?symb=AMZN&amp;source=story_quote_link" title="">Amazon</a>, but has since become the largest e-commerce site in India. Last year, Flipkart sold $100 million worth of merchandise, and the company wants to move $1 billion worth of goods by 2015. It's also growing like crazy. Last year, Flipkart hired 2,000 new employees and says it will grow fast enough to hire 5,000 more in the coming year. , photo: Deepak G Pawar/India Today Group/Getty
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Sachin Bansal, Binny Bansal

  • Age
    3129
  • Title
    Co-founder and CEO, Co-founder and COO
  • Company
    Flipkart

The duo’s five-year-old startup is now India’s largest e-tailer, clocking 50,000 shipments a day of everything from books to phones to baby-care products. Sales of $100 million were up 10-fold over last year, and the former Amazon software developers (who are not related) are consolidating their lead in India’s $1.6 billion e-commerce market. They snapped up online consumer electronics firm Letsbuy, launched Flyte, an online music store this year, and just closed a fourth round of funding by a consortium including U.S. heavyweights Tiger Global, Accel Partners, and ICONIQ Capital. Growth target: To top sales of $1 billion by 2015. –R.A.

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