3 min read.Updated: 17 Apr 2015, 07:45 PM ISTMihir Dalal
Founder and CEO of Myntra on the soaring valuations of Internet firms
Mukesh Bansal, founder of Myntra.com, sold the online fashion retailer to India’s biggest e-commerce firm Flipkart India Pvt. Ltd last year in what was billed as the largest deal between two Internet companies in India. At the time it was announced in May 2014, the cash-and-stock deal was estimated to be worth $330 million. Flipkart, which has raised close to $2 billion from investors in the past year, is expected to be valued at nearly $15 billion in its next round of funding. In an interview, Mukesh Bansal, who is head, commerce platform, at Flipkart as well as chief executive officer at Myntra, spoke about the soaring valuations of Internet firms. Edited excerpts:
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