No one would be a stranger to this one! Flipkart achieved massive success a few years back owing to its first mover advantage in the online market in India. Sachin and Binny Bansal, both IIT-D alumni, worked with Amazon before, thus they introduced a similar concept into the Indian market. They started with books in 2007 and now sell almost everything, from personal care to jewellery, from CDs to stationery. It acquired Myntra for around INR 2000 crore.
Flipkart.com has made it to the top five global billion dollar start-up club with a valuation of $11 billion, according to the Wall Street Journal and Dow Jones VenturSource report published on Thursday.