Sachin Bansal

About Sachin Bansal

Birth Day: August 05, 1981
Birth Place: India
Birth Sign: Virgo
Alma mater: Indian Institute of Technology Delhi
Occupation: Co-founder& Executive Chairman of Flipkart
Known for: Flipkart
Home town: Chandigarh
Spouse(s): Priya Bansal
Website: flipkart.com

Sachin Bansal Net Worth

Sachin Bansal was bornon August 05, 1981 in India. Former Amazon executive, Sachin Bansal, teamed up with pal Binny Bansal, also a billionaire, in 2007 to found Flipkart as an online seller of books. The duo, who share the same surname but are not related, pooled $6000 of their combined savings and started operating out of their apartment. Now India's top internet retailer with an estimated 44% market share and often touted as the country's Alibaba, Flipkart has attracted $1.9 billion from investors such Tiger Global Management, Qatar Investment Authority and Naspers. It boasts 30 million products, 46 million registered users and 8 million shipments a month. Online gaming enthusiast Sachin recently became chairman and will reportedly oversee Flipkart's public listing.
Sachin Bansal is a member of Fashion & Retail

💰 Net worth: $1.2 Million

Biography/Timeline

2003

Born and raised in Chandigarh, Bansal graduated from Indian Institute of Technology Delhi in 2003 with a degree in engineering in computer science. He originally wanted to be a professional gamer. In 2006, He joined Amazon.com as a s senior software Engineer . Soon he and Binny Bansal, a fellow Amazon.com Engineer, left Amazon to start Flipkart.

2006

After completion of degree Sachin Bansal joined Techspan company where he has served for few months. In 2006, he joined Amazon.com India as Senior Software Engineer. Then he got Binny Bansal into the Amazon.com and after 6 months they both decided to leave Amazon.They initially thought of starting a comparison search engine, but realized that the market for E-commerce in India was very small. Hence, after leaving Amazon in 2007, they founded Flipkart as an E-commerce company.

2007

Sachin Bansal and his Business partner Binny Bansal launched Flipkart from an apartment in Bangalore with 400,000 rupees ($6,500) cash. In 2007 during the early days of Flipkart Sachin Bansal and his Business partner Binny Bansal used to deliver books across Bengaluru on their scooters and in October 2015 they showed up at the doorsteps of some customers, personally delivering goods in order to gain insights from the online buyers. He was removed as a CEO of Flipkart based on performance ground in August 2016.

2016

Bansal is 65th on Forbe's 2016 Indian Billionaires List with his net-worth valued at $1.2 billion in March 2016. Bansal gained 23 spots on the Forbes India Rich list from 2015 when he was 86th on the list.