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.
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