Walmart-Flipkart deal: The common idea that binds the Bansals together

They became local heroes when Flipkart's valuation at some point in time surpassed that of Punjab National Bank, but soon they became national heroes for building India's most valuable startup

Alnoor Peermohamed & Bibhu Ranjan Mishra  |  Bengaluru 

In August 2016, Sachin Bansal, the founder and longest-serving CEO of Flipkart, India’s most valuable Internet startup, faced a crowd of employees who over the past half year had grown disgruntled over management changes and were even worried about the future of the company.

Headlines in all major Indian dailies had been pounding on the fact that investors in the company were downgrading the value of their holdings and that Flipkart’s biggest rival Amazon had a sure shot at overtaking it. What Bansal did that day, not too many CEOs, not even those from largest of ...

First Published: Wed, May 09 2018. 17:13 IST