Startup founders in India are taking steps to build long-term wealth
Ghazal Alagh and Varun Alagh
Kunal Bahl and Rohit Bansal
Ritesh Agarwal
Bhavish Aggarwal
Deepinder Goyal
Vijay Shekhar Sharma
PB Fintech Ltd
Go Digit General Insurance Ltd
Falguni Nayar
Adwaita Nayar, Anchit Nayar
Delhivery Ltd
Swiggy Ltd
Ola Electric Mobility Ltd
FSN E-Commerce Ventures Ltd
Coal India Ltd
Zomato Ltd
Sachin Bansal, Binny Bansal
One 97 Communications Ltd
IN 2011, Bengaluru-headquartered mobile advertising firm InMobi made history by becoming India’s first startup unicorn after securing $200-million funding from Japanese investor SoftBank. A year later, in 2012, home-grown e-commerce company Flipkart followed suit.
In May 2018, six years after Flipkart became a unicorn, U.S. multinational Walmart acquired an initial 77% stake in the company for $16 billion, in one of the largest e-commerce deals globally. Of the two co-founders, Sachin Bansal exited completely, selling his 5.5% stake and raking in over $1 billion. Binny Bansal retained a little over 4% initially, but later sold his shares in phases, eventually earning an estimated $1.5 billion.