The company’s journey has seen epic successes and massive failures. Meanwhile, India itself has come to become the world’s third-largest startup base.

In April this year, Flipkart announced it had received $1.4-billion in funding, the biggest amount ever raised by an Indian internet company in a single round. In this, the Bengaluru-based firm beat its own 2014 record of $1 billion. The latest round has now made it the world’s third-most funded startup.

Yet, over the last one year, Flipkart has faced several valuation markdowns. Even the April round came at a valuation ($11.6 billion) lower than the peak of $15.2 billion. It has been struggling to retain its position as market leader, with American rival Amazon nipping at its heels.

So, wonder what Bansal and Heda chat about these days.

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