Back
K
Ph • 1y
How India became the world's third largest startup hub in 15 years Flipkart's journey is symbolic of the changing global perception of India's startup ecosystem over the past fifteen years. Here's why Sachin Bansal (left) and Binny Bansal, co-founders, at their Flipkart office in Bengaluru in 2009 Image: Bitten by the entrepreneurial bug, two IIT-graduates quit their jobs at Amazon to start an online retail business from an apartment in Bengaluru and an initial investment of ₹4 lakh. Two years later, in September 2009, the founders raised their first round of institutional funding of $1 million from US-based venture capital firm Accel. Within weeks, they opened offices in Delhi and Mumbai and hired over 150 people. This marked the beginning of the new-age startup’s meteoric growth and a critical turning point for the country’s budding startup ecosystem.
Replies (1)
More like this
Recommendations from Medial
Anonymous
Hey I am on Medial • 11m
Following Zepto's decision to move its headquarters from Mumbai to Bengaluru, Karnataka's IT Minister Priyank Kharge, in a post on X, said the city has the best startup ecosystem in the country. Kharge welcomed the 10-minute grocery delivery startu
See More
gray man
I'm just a normal gu... • 2m
Minister for Electronics and Information Technology, Ashwini Vaishnaw, has unveiled two new semiconductor design facilities in Noida and Bengaluru as part of India's efforts to enhance its semiconductor ecosystem. During the inauguration, he stated
See More
Download the medial app to read full posts, comements and news.