India's Largest Exit
The Network State Podcast The Network State Podcast
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 Published On Jun 30, 2023

At $16B, Flipkart is the largest exit in Indian tech history. Here, Balaji speaks with Flipkart founder/CEO Binny Bansal on how he built the company from scratch when Indian startups weren't even a thing — and how Flipkart's rise parallels the rise of India itself.

OUTLINE
00:00 - Intro
0:56 - Binny’s origin story
08:48 - Why Binny stayed in India
15:10 - Flipkart preceded Amazon India
28:01 - How Flipkart solved logistics in India
31:20 - Why Flipkart had to build a trusted brand
38:46 - How Flipkart differed from US startups
45:58 - Flipkart sold many Indians their first phone
51:30 - How Jio brought cheap mobile internet to India
56:00 - India's payment and identity stacks: UPI and Aadhar
01:13:57 - Walmart's acquisition of Flipkart
01:31:53 - Flipkart's expansion into fashion and payments
01:35:15 - Managing a company with more people than some countries
01:42:30 - India's emergence in the global tech ecosystem
01:59:42 - Robotics as the core of Indian manufacturing
02:02:44 - How Binny helps founders scale with xto10x
02:22:09 - What should India do in terms of tech policy?
02:32:03 - India and decentralized AI
02:39:36 - A pivotal moment in Indian history

AUDIO
1) Apple: https://apple.co/3pvw98u
2) Spotify: https://spoti.fi/3K1dGb5

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