The Top 15 Most Overrated Entrepreneurs of India
Entrepreneurs are someone who executes and operates the organization to generate revenue from it. But the entrepreneurs of startup companies go for the discount strategy and take loss-making decisions and incur losses.
Then why are these entrepreneurs counted among the list of entrepreneurs when they are not able to execute their firm to make profits?
These entrepreneurs start their business with losses in the initial stages and never move to the profit-making state or either end up closing their startup company. The ideology of these entrepreneurs are not revenue-generating but more on investments and sharing stakes. Let’s get to know about the Top 15 Overrated Entrepreneurs of India.
1. Binny Bansal and Sachin Bansal
The ex-owners of Flipkart sold Flipkart to Walmart at $16 billion. This deal was registered among the world’s largest commerce deal. Flipkart has recorded a loss of over Rs 3,837 crore for the fiscal year 2018-2019. Flipkart Internet ran the digital marketplace and had recorded losses of about Rs. 1,100 crore in Financial Year 2017-18 and Flipkart India that is the wholesale arm of the online retailer dropped up Rs. 2000 crore at the same time.
Flipkart is an Indian e-commerce company and was founded by Binny Bansal and Sachin Bansal in 2007. Flipkart is based in Bangalore, Karnataka, India. The business originally concentrated on book sales, before developing into additional product categories such as consumer goods, electronics, groceries, fashion, home essentials, and lifestyle products.