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Flipkart Founder – Sachin Bansal

Sachin Bansal, along with Binny Bansal (no relation), co-founded India’s largest e-commerce company Flipkart in 2007. Sachin assumed the position of CEO in August 2007 and continued till January 2016. Later he took the poisition of Executive Chairman, which he relinquished after Walmart acquired Flipkart for a valuation of 21 billion USD. (For details such as age, net worth, and email address of Sachin Bansal, simply scroll down this wiki)

Both Binny and Sachin took their first step towards starting the company by opening an online bookstore with their meager investment of Rs. 4 lakh. At that time, Indian e-commerce space was still in its nascent phase. However, as number of Internet users in India exploded, Flipkart, under the leadership of Sachin Bansal, rode the wave and unlocked exponential growth for itself.

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Sachin Bansal Image

The rapid expansion involved addition of numerous retail categories, introduction of cash on delivery mode of payment, and unbeatable discounts that helped them get the attention of the masses. This entire growth trajectory brought Flipkart into the investors’ radar too. Within a few years, the company received a whopping capital investment of nearly $7 billion from investment majors like Softbank, Tiger Global, Tencent, and Microsoft.

Salary & Net Worth – Investors, Funding, & Valuation

Sachin Bansal’s held a stake of 5.5% in Flipkart when Walmart acquired the company. His entire stake was bought out for 1.1 billion USD, which works out to be Rs 7500 – 7700 crore. His remuneration as ‘Executive Chairman’ of Flipkart was reported to be greater than Rs 10 crore. Given all the reported data, Sachin Bansal net worth could be estimated as 1.2 billion USD or around Rs 8000 crore.

Career & Education – Company, University, & College

Sachin started his professional career with Techspan, a software company, where he worked for a few months in 2005. From there, he bagged a job as senior software engineer with Amazon. At that company Sachin was joined by Binny Bansal, who had earlier studied engineering with the former at IIT, Delhi. In 2007 they both decided to quit their job at Amazon to launch their own venture.

Sachin wanted to start a price comparison platform, but the dismal scope of online retail business in India forced him to give up on the idea. Instead he introduced Flipkart as a digital bookstore. In the initial days, Sachin himself used to go on scooters to deliver books to the customers, so that he could understand their needs better.

Sachin Bansal’s formal education began at the St. Anne’s convent school. Later he graduated from IIT-Delhi in Computer Science Engineering.

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Contact Sachin Bansal – Email Address | Twitter | LinkedIn

The Twitter handle of Sachin is @_sachinbansal. He can be contacted on Linkdin here: Sachin’s email id is [email protected]. His phone number is not currently available.

Wiki Trivia on Sachin Bansal – Age, Wife, Family, & More

Sachin (age 39) was born in Chandigarh into a business family in 1981. His wife is Priya Bansal, who is a dentist by profession. They have one son from their marriage. Sachin wanted to be a professional gamer before he started Flipkart. Presently, in addition to his role at Flipkart, he guides and invests in new Indian startups. He has kick-started a new venture named Sabin Advisors.

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2 comments on Flipkart Founder – Sachin Bansal

  1. my name is javed akhtar.
    product is missing . flipcart wale cheat kar rahe hai.
    order id – od122400767455858000

  2. Flipkart is not delivering my products and delaying further, delivery partner is useless and least bothered. Looks like if I choose cash on delivery they will deliver it fast as I feel Flipkart is not paying their vendors, delivery partners timely.Cheap customer care, nobody has any information and when I ask for their manager they say there is no manager. How can a company run customer care without escalation managers? I am working in IT and I know how it works. Need help on the products, amazon is far better and I will never ever order anything on flipkart

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