Investors insist that the company hire experienced leaders

“Sachin and Binny began to make preparations for a Flipkart that would be many, many times its current size. They had already established a foothold in books. Now the company hungrily entered new categories. In the second half of 2010, Flipkart started selling mobile phones, music and film CDs, DVDs, and cameras. To launch these categories and to move to the next stage in its evolution, the company needed a capable management team. When a startup receives venture capital, investors insist that the company hire experienced leaders. Its new executives are expected to have previously worked at larger companies so they are able to bring to the startup their subject matter expertise or general management abilities.”

Excerpt From: Mihir Dalal. “Big Billion Startup: The Untold Flipkart Story.”