Sachin bansal

A short information of Sachin Bansal, as an entrepreneur.

1. -by: Rahul Thakur SACHIN BANSAL

2. SACHIN BANSAL Who is he? He is an Indian technology entrepreneur. Best known as the co-founder of Flipkart . He was the CEO of Flipkart . Note: Kalyan Krisnamurthy is the current CEO of Flipkart .

3. In 2007, he and his friend Binny Bansal founded flipkart .

4. A short Biography…. He was born in Chandigarh, India, on 5 th August 1981. His father is a business man and his mother, a homemaker. He graduated as a Computer Science engineer from IIT, Delhi in 2005.

5. He worked at Techspan for few months. Later in 2006, he joined Amazon as Senior Software Engineer.

6. While working with Amazon, he met Binny Bansal . Few months later, they exited Amazon to start their own venture. In 2007, they started an online bookstore named ‘ Flipkart ’ with Rs4,00,000 in Koramangala , Bangalore

7. They are the one, who brought the new concept of “Cash On Delivery” in India. Due to customer trust and their superb services, Flipkart raised $1 billion at a valuation of$7 billion, in July 2014.

8. But…… In 2015, Flipkart started to falter due to few decisions taken by Sachin bansal in previous years. 1 st Decision was to close the flipkart site and flipkart mobile app is to be used. 2 nd decision was to stop ads and promotions…

9. The second decision was intervened by the board of fipkart . And that second decision, later became the reason of his exit from flipkart . In 2018, Binny Bansal resigned, after facing an allegation of “serious personal mis -conduct”.

10. In 2018, Wal-Mart acquired 77% stakes in Flipkart at $16 billion.

11. What after his exit? After exiting Flipkart , Sachin Bansal supports the growth of Indian start-up ecosystem and now he is again back in the game as an investor and CEO. He has acquired 94 per cent stake in Bengaluru -based microfinance company Chaitanya Rural Intermediation Development Services (CRIDS).

12. In February 2019, he had investments in Ola, Grey Orange, Ather Energy, SigTuple , Inshorts , Unacademy and TeamIndus .

13. Few things to learn from Sachin … Craft Your Passion. Find A Passionate Co-founder. Success Can Be Slow. Be Customer Reliable. Experiments. Challenges As Lessons. Inspire.

14. Recognition In 2013, Bansal was awarded the Economic Times Award - ‘Entrepreneur of the year’. In 2015, Bansal was named as the 86th richest person in India by Forbes India. In 2016, Time Magazine included Bansal and his co-founder in the 100 most influential people in the world list. In 2017, India Today included Bansal and his co-founder in India's 50 most powerful people list.

15. THANK- YOU