E-Commerce website Flipkart among world's top 5 billion dollar startups

India's largest e-commerce company, Flipkart, is counted among the world's top five "billion-dollar" startups in the world. Its valuation, estimated by industry trackers like Dow Jones, is around $11 billion - nearly Rs 70,000 crore ahead of corporate giants like BHEL, Sesa Sterlite and Dr Reddy's Labs. Bangalore-based Flipkart counted alongside Airbnb, Dropbox and Snapchat in a league of world-leading startups, was founded by IITians Sachin and Binny Bansal only in 2007 and is pitted against Amazon and homegrown offline retailers such as Big Bazaar and Reliance Retail. Its rival Snapdeal is valued at $5 billion. Flipkart alone has raised close to $2.5 billion so far and Snapdeal $1billion. India's e-commerce market is set to double to around $25 billion this year over last year and reach $90 billion by 2021, according to industry tracker eTailing India. In 2014 alone, investors committed $5 billion (Rs 30,000 crore) to fund Indian. E-commerce companies

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