Flipkart sale talks mark the end of the $100b dream

In 2014, India’s e-commerce market was considered to be the next big thing globally in the retail world and Flipkart, its leading light. In July of that year, when Flipkart raised what was then a milestone-setting $1 billion in capital, its co-founder and then-chief executive Sachin Bansal said, “We believe India can produce a $100 billion company in the next five years, and we want to be that. Whether it takes five or 10 years, we are here for the longer term.”