Sachin Bansal

 

Sachin Bansal is best known for founder of Flipkart. Being the son of a businessman, Sachin took part in the Indian Institute of Technology Delhi and finished his degree in computer engineering in the year 2005.

 In the next 2 years of his life, he spent working at Techspan, then later in the Amazon Web Services.

 In October 2007, Bansal and his co-founder, Binny Bansal, started an online bookstore, Flipkart, with an initial capital of US$5,600.They first started operating out of an apartment in Koramangala, in Bangalore, India.

In the first few months, according to Bansal's own claims, he oversaw all business details, from building the first version of their website to sourcing book to packing and delivering them. 

From inception until 2016, Bansal held the position of Chief Executive Officer and from 2016 until 2018, he held the position of Executive Chairman. 

In 2018, Bansal exited Flipkart following the Walmart deal.In 2007, Sachin Bansal and Binny Bansal founded Flipkart whose valuation in 2018 was $20.8 billion.

In 2018, Bansal held a 5.5 percent stake in Flipkart, which he sold to Walmart and his net worth then was a little over $1 billion.

In May 2018, Bansal announced that after stepping down as the executive chairman of Flipkart, he would be focusing on pending personal projects, gaming and brushing up his coding skills.

Sachin Bansal is currently the Managing Director of Navi Technologies, his entrepreneurial venture in the field of financial services.

In 2013,  he received the Economic Times Award for Entrepreneur of the year.