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Flipkart’s Sachin, Binny Bansal lose billionaire status after funding

Flipkart’s Sachin, Binny Bansal lose billionaire status after funding

Tuesday, April 11, 2017, 11:19 AM

Sachin Bansal and Binny Bansal, co-founders of India’s most valuable internet firm Flipkart, lost their billionaire status after the e-commerce firm’s valuation fell in its latest funding round. Their fortunes are now worth $650-750 million each after Flipkart’s valuation reduced to $11.6 billion in its funding round of $1.4 billion announced on Monday, according to the report.
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