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Sachin Bansal

Sachin Bansal
Born (1981-08-05) 5 August 1981 (age 42)
Chandigarh, India
Alma materIndian Institute of Technology Delhi
OccupationBusinessman
Known forCo-founder and CEO, Navi Group
Founder and former CEO and chairman, Flipkart
SpousePriya Bansal
Children1

Sachin Bansal (born 5 August 1981) is an Indian entrepreneur.[1][2][3] He is best known as the founder of Flipkart[4] During his over 11 year career at Flipkart, Bansal was CEO and chairman.[5] In 2018, Bansal exited Flipkart following the Walmart deal.[6]

In 2007, Sachin Bansal and Binny Bansal (not related) founded Flipkart whose valuation in 2018 was $20.8 billion.[7] In 2018, Bansal held a 5.5 per cent stake in Flipkart, which he sold to Walmart and his net worth then was a little over $1 billion.[7] Sachin Bansal is now the managing director of Navi Group, a financial services company.

  1. ^ "ET Awards 2012-13: How IIT-alumnus Sachin Bansal built Flipkart into a big online brand". The Economic Times. ET Bureau. 26 September 2013. Retrieved 8 April 2019.
  2. ^ "Sachin Bansal, Binny Bansal". CNBC. 6 October 2014. Retrieved 8 April 2019.
  3. ^ "Meet the 9 richest Indian tech billionaires". The Economic Times. Retrieved 29 September 2020.
  4. ^ Nair, Radhika (9 August 2013). "Do not start alone, find a co-founder: Sachin Bansal, Flipkart". The Economic Times. Retrieved 8 April 2019.
  5. ^ "Walmart's $16 billion Flipkart deal creates two billionaires". Mint. 9 May 2018. Retrieved 8 April 2019.
  6. ^ "Sachin Bansal quits Flipkart as Walmart wanted only one founder on board". The Economic Times. 10 May 2018. Retrieved 8 April 2019.
  7. ^ a b Ganjoo, Shweta (10 May 2018). "Flipkart-Walmart deal: Sachin Bansal gets over Rs 6700 crore and leaves company, Binny Bansal staying back". India Today. New Delhi. Retrieved 8 April 2019.

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