He actually created something that many others only aspire to.”The Bansal duo has known each other since 2005, when they studied together at the Indian Institute of Technology Delhi. Tuhin Das - Binny Bansal continues to hold just 4% stake in Flipkart and is on the company’s board. “He is an inspiration for Indian entrepreneurs. And in April 2016, the Bansals became the first Indian e-commerce entrepreneurs to be … In 2015, Forbes estimated Sachin Bansal’s net worth at $1.3 billion. In September 2015, Bansal along with Sachin Bansal, was named the 86th richest person in India with a net worth of $1.3 billion by Forbes India Rich List. Net worth: $1.2 billion Global ranking: 1476 Sachin Bhansal is the co-founder of Flipkart and was its chief executive until January 2016, post which he assumed the role of executive chairman. Our team currnetly processing the details financial breakdown.
India Today ranked him #26th along with Sachin Bansal in India's 50 Most powerful people of 2017 list. Sachin Bansal’s held a stake of 5.5% in Flipkart when Walmart acquired the company. Some said Walmart had used the allegations of personal misconduct against Binny Bansal as “But it turns out, the Walmart deal is proving to be pretty beneficial for the Indian startup world, too.Loaded with money, the Flipkart founders have been investing their wealth back into Indian startups. The Bansals’ gradual detachment didn’t go well with the Indian startup community.In 2017, when Flipkart had appointed Kalyan Krishnamurthy, a former employee of the company’s then largest investor Tiger Global, as its first non-founding CEO, “Is it a sad day for the Indian startup ecosystem…Personally disheartened with this news.
They then worked at Amazon briefly before taking to entrepreneurship. 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.
Sachin Bansal
A critical moment in the Indian startup space,” Shradha Sharma, founder of news portal YourStory, The grief was mainly because the Bansals are seen as the flagbearers of new-age entrepreneurship in India.
CEOs & Businessmen; Sachin Bansal Income 2020 | Earnings | Net Worth. We are constantly updating this page with new financial and earning details. Sachin Bansal was bornon August 05, 1981 in India. The company, which began operating out of an apartment in Bengaluru, went on to The duo led Flipkart for almost a decade from its inception, with Sachin Bansal as CEO When Binny Bansal resigned from Flipkart last year, more heartbreaks followed. What they started In 2015, Forbes estimated Sachin Bansal’s net worth Over the years, the two have invested some of their wealth in newer Indian startups, such as smart electric-scooter maker Ather Energy, robotics company GreyOrange, and Team Indus, which was building a spacecraft to compete for Google’s XPrize lunar award.With his latest windfall, Sachin Bansal might just continue to be the man for entrepreneurs scouting for funds. The two friends, alumni of the Indian Institute of Technology (IIT) Delhi, co-founded Flipkart as an online book store in 2007. Needless to say this reflects the humongous of this e-commerce platform and it has accelerated Sachin Bansal net worth as well which is also in millions and is still counting. Entrepreneurs, who were role models are today in question. Along with Binny Bansal, has backed startups like Ather Energy, InShorts, Tracxn, and Tinystep among others. In 2019, the duo is ranked 2,057th with a net worth of $1 billion each. Sachin Bansal's Net Worth. Sachin Bansal is likely to see an increase in pay. Walmart’s acquisition of Flipkart has given several investors profitable exits—including one individual who may have emerged with a phenomenal payout.Sachin Bansal, who co-founded Flipkart with his friend Binny Bansal in 2007, is estimated to have pocketed between $800 million (Rs5,381 crore) and $850 million (Rs5,717 crore) from the acquisition, according to e-commerce analysts.At an internal meeting to announce the deal, Flipkart’s management informed employees that Sachin Bansal will no longer be associated with the company, sources told Quartz.Walmart’s statement announcing the deal included Binny Bansal but not Sachin Bansal among those who will continue to hold a stake in Flipkart.“It was an opportune time to exit, and Sachin Bansal made the most of it,” said Sanchit Vir Gogia, chief analyst and CEO at Greyhound Research.
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