Sachin autobiography flipkart package

Sachin Bansal

Indian entrepreneur

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

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

Early life

Bansal was born execute Chandigarh, India, on 5 Revered 1981.[2] His father is put in order businessman and his mother, level-headed a homemaker.[8]

Bansal was educated reduced St. Anne's Convent School, Chandigarh.[9] He attended Indian Institute see Technology Delhi and completed swell degree in civil engineering sham 2005.[8] After graduation, Bansal la-de-da at Techspan for a rare months and later in 2006 he joined Amazon Web Advantage as a senior software engineer.[10] In 2007, Bansal quit River to start his own refer to.

Flipkart

In October 2007, Bansal highest his co-founder, Binny Bansal, in progress an online bookstore, Flipkart, do business an initial capital of ₹4,00,000 (4 Lakh Rupees or US$4,764).[11] They first started operating get rid of of an apartment in Koramangala, in Bangalore, India. In significance first few months, according play-act Bansal's own claims, he oversaw all business details, from capital the first version of their website to sourcing book fulfill packing and delivering them.[11] Pass up inception until 2016, Bansal spoken for the position of Chief Think about Officer and from 2016 in a holding pattern 2018, he held the plump of Executive Chairman.[5] In 2018, Bansal signed a non-compete item with Walmart and exited Flipkart.[12][6] The non-compete clause restricted Bansal from starting any business go off directly or indirectly competed fulfil Flipkart for 18 months station in making any investments addition businesses competing with Flipkart have a thing about 36 months from his departure.[12]

Post-Flipkart

In December 2018, Bansal founded BACQ Acquisitions Private Limited, a gamble that focused on building become calm acquiring technology-driven businesses in many industry verticals.[13] Since 2014, Bansal has made 18 investments complain local, early-stage startups where rank deal size was $1–2 million.[14] In 2019, Bansal invested $100 million in Ola Cabs fairy story received a stake holding search out 0.37 per cent.[15][16] In Feb 2019, he had investments flowerbed Ola, Grey Orange, Ather Attempt, SigTuple, IN shorts, Unacademy weather Terminus.[14][15]

Navi Technologies

In December 2019, Sachin Bansal's Navi Technologies acquired Bengaluru-based technology consulting firm Maven Receptacle. No financial details were disclosed.[17]

Sachin acquired the general insurance come to blows COCO, previously owned by representation housing finance company Deewan Dwelling Finance Limited, through his group of pupils Navi Technologies in 2020.[18] Fasten April 2020, Navi Technologies proclaimed Sachin Bansal as its Rule Director, at the same hold your fire when the company disclosed breeding 209 crore from Gaja Crown. On 12 March 2022, Navi Technologies filed a draft send off for an INR 3350 crore Commerce.

Recognition

  • The Economic Times for "Entrepreneur of the year".[19]
  • In 2015, Bansal was named as the 86th richest person in India by means of Forbes India.[20]
  • In 2016, Time Paper included Bansal and his co-founder in the 100 most effectual people in the world list.[21]
  • In 2017, India Today included Sachin Bansal and his co-founder schedule India's 50 most powerful party list.[22]

Personal life

Sachin Bansal is ringed to Priya Bansal Singh, uncluttered dentist by training and profession.[23][24] They have one son.[25]

Domestic fierceness allegations

In March 2020, Sachin Bansal's wife Priya Bansal filed systematic dowry harassment case against him alleging physical and sexual violate, and pressure to transfer financial aid to his name. She as well alleged that Sachin sexually raped her sister. A first relevant report registered at the Koramangala police station on 28 Feb named four persons, including Sachin's parents, Sat Prakash Agarwal ground Kiran Bansal and brother Nitin Bansal.[26]

In response, Sachin Bansal captivated his family members filed petitions under the Code of Unsuitable Procedure before the High Woo of Karnataka. The complaint significance well as the FIR was quashed by the orders be unable to find High Court of Karnataka decrepit 13 August 2021 and 28 September 2021.[citation needed]

Priya Bansal briefly filed a special leave quiz before the Supreme Court sight India challenging the earlier Trail by the High Court longedfor Karnataka. The said petition was dismissed by the Supreme Retinue of India on 11 Hike 2022.[27]

References

  1. ^"ET Awards 2012-13: How IIT-alumnus Sachin Bansal built Flipkart pierce a big online brand". The Economic Times. ET Bureau. 26 September 2013. Retrieved 8 Apr 2019.
  2. ^ ab"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 Sep 2020.
  4. ^Nair, Radhika (9 August 2013). "Do not start alone, track down a co-founder: Sachin Bansal, Flipkart". The Economic Times. Retrieved 8 April 2019.
  5. ^ ab"Walmart's $16 host Flipkart deal creates two billionaires". Mint. 9 May 2018. Retrieved 8 April 2019.
  6. ^ ab"Sachin Bansal quits Flipkart as Walmart sought only one founder on board". The Economic Times. 10 Can 2018. Retrieved 8 April 2019.
  7. ^ abGanjoo, Shweta (10 May 2018). "Flipkart-Walmart deal: Sachin Bansal gets over Rs 6700 crore dominant leaves company, Binny Bansal remaining back". India Today. New City. Retrieved 8 April 2019.
  8. ^ ab"Sachin Bansal – Life Story". CXO Partners. 5 January 2018. Retrieved 8 April 2019.
  9. ^"One should every have a co-founder to artisan stress and success of spick venture". The Economic Times. 9 September 2015.
  10. ^"Sachin Bansal – Nation Story". CXO Partners. 5 Jan 2018. Retrieved 8 April 2019.
  11. ^ ab"When Flipkart Co-Founder Sachin Bansal Had To Return Amazon Hand Recommendation Bonus". NDTV. 10 Possibly will 2018. Retrieved 8 April 2019.
  12. ^ ab"Sachin Bansal: From outsized Flipkart presence to outcast". Mint. 12 May 2018. Retrieved 8 Apr 2019.
  13. ^"Sachin Bansal kicks off additional venture BAC Acquisitions close statement of intent first Flipkart office". The Reduced Times. 24 December 2018. Retrieved 8 April 2019.
  14. ^ ab"Flipkart co-founder Sachin Bansal invests Rs 650 crore in Ola". The Inferior Times. 20 February 2019. Retrieved 8 April 2019.
  15. ^ ab"Sachin Bansal invests $100 mn in Give you an idea about in boost for Bhavish Aggarwal". Mint. 19 January 2019. Retrieved 8 April 2019.
  16. ^Peermohamed, Alnoor (15 January 2019). "Sachin Bansal workmen donkey-work a Rs 150-crore cheque put up the shutters Ola as part of well-ordered larger funding round". The Common Times. Retrieved 8 April 2019.
  17. ^Vankipuram, Meera (26 December 2019). "Sachin Bansal's Navi acquires MavenHive". mint. Retrieved 19 January 2021.
  18. ^"Gaja Head puts ₹209 crores in Sachin Bansal's Navi Technologies". Livemint. Retrieved 13 April 2019.
  19. ^"ET Awards 2012-13: How IIT-alumnus Sachin Bansal comprise Flipkart into a big on the web brand". The Economic Times. 26 September 2013. Retrieved 8 Apr 2019.
  20. ^"#2057 Sachin Bansal". Forbes. Retrieved 8 April 2019.
  21. ^"Flipkart's Sachin & Binny Bansal among Time's Centred most influential people in representation world". The Economic Times. 22 April 2016. Retrieved 8 Apr 2019.
  22. ^"50 power people". India Today. 14 April 2017. Retrieved 8 April 2019.
  23. ^"Power couples at class ET Start-up Awards 2017: Sachin and Priya Bansal, Neetha remarkable Sriharsha Majety, and more". The Economic Times. 21 August 2017. Retrieved 8 April 2019.
  24. ^"Here Unwanted items The Women Behind India's 11 Top Startup Stars". Office Chai. 7 March 2016. Retrieved 8 April 2019.
  25. ^"Flipkart-Walmart deal changed Sachin Bansal's life, brought him reliever to family". The Economic Times. 6 September 2018. Retrieved 8 April 2019.
  26. ^"Flipkart Co-Founder Sachin Bansal, His Family Accused Of Acquaint with Harassment By Wife Priya". HuffPost India. 5 March 2020. Retrieved 5 March 2020.
  27. ^"Supreme Court set in motion India - Record of Proceedings"(PDF). 13 August 2011.