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1-min read

Flipkart co-founder Sachin Bansal says Indian markets not ready for large Internet IPO

Sachin Bansal's comments at a startup conference in New Delhi came days after a rejig in the top management that was viewed by some as a step toward a stock market listing.

Reuters

Updated:January 17, 2016, 7:23 AM IST
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Flipkart co-founder Sachin Bansal says Indian markets not ready for large Internet IPO
As part of supply chain finance, SBI had tied up with Snapdeal, Flipkart, Amazon and taxi aggregator Ola to offer easy working capital to their vendors.
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New Delhi: The co-founder of Flipkart, India's biggest e-commerce company, said on Saturday that the country's stock markets were not yet ready for a large Internet listing.

Sachin Bansal's comments at a startup conference in New Delhi came days after a rejig in the top management that was viewed by some as a step toward a stock market listing.

"Indian markets are not yet ready for a large Internet company listing but we would absolutely love to list here when the time comes," he said.

But India's junior minister of finance Jayant Sinha told the same conference that listing of Internet stocks on Indian markets would be a big boost for the economy.

India's market regulator has eased some rules to make it easier for home grown start ups to list their shares on local bourses.

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