By FMTeam If we really had to make a list of the people who made it big in India because of the internet-based companies and startups, then for sure, Rohit Bansal will be on that list, you know, the co-founder of Snapdeal, one of India’s most successful entrepreneurs. Moving from a small town in Punjab to creating a multi-million-dollar e-commerce platform, his life reflects the determination of an entrepreneur, that’s what we are pretty certain of. Now, Snapdeal reaches millions of people in India, especially in smaller cities.
Not only Snapdeal but also Rohit’s intelligence in investments has made small investments really huge, like turning ₹57 lakhs into ₹111 crores through Urban Company, are examples of how he has done. And if you are here just for the financial numbers, well, the thing is, his net worth is not publicly disclosed, so, we can’t talk about that. But still, we’ll be looking at his life story a bit up close, you can stay tuned for that.
| Features | Details |
| Name | Rohit Bansal |
| Known For | Co-founder of Snapdeal, Investor |
| Co-founder of | Snapdeal |
| Age | Approx. mid-40s |
| Education | IIT Delhi (Engineering), DPS R.K. Puram (School) |
| Major Investments | Urban Company, Ola, Credgenics, Mamaearth |
| Awards | Entrepreneur of the Year (BMA, 2014), EY Startup Entrepreneur of the Year (2014) |
Early Life and Education
Rohit Bansal, born in Malout, Punjab, actually comes from a family that is truly middle-class with his father laboring as a grain merchant and his mother as a stay-at-home decision-maker, did you know that? Well, as for the education part, well, he attended the Delhi Public School in New Delhi, where he achieved his academic goals. After completion, Rohit moved on to the Indian Institute of Technology in Delhi to study engineering. The time spent at IIT Delhi quietened the entrepreneurial spirit, laying the foundation of what he is today, the leading tech person who did something new, and also made it big in India.
The Founding of Snapdeal
You see, back in 2010, Rohit Bansal along with his buddy, Kunal Bahl, also of the childhood era, co-founded Snapdeal. Initially, though, Snapdeal only worked as a daily deals platform helping its users save money on different products and services. Yet through the foresight of being aware of the dynamics of the Indian e-commerce market, the company blasted away the problems in 2011 and fully became an online marketplace, and that was a kinda big move. But did you know that initially there were talks regarding possibly joining forces with Flipkart but the meetings failed? In spite of all this, Bansal and Bahl had the belief that Snapdeal would go through with its plans to develop Snapdeal 2.0, which included an Indian-centric approach and affordable products for non-metro customers, you know? And sure, you can say that this effort somehow revived the company which is the reason for big growth.
Net Worth and Financial Success
As we already told you his net worth numbers aren’t publicly disclosed, but let’s talk about his overall financial achievements, shall we? So, just keep in mind one thing, you see, the decisions that Rohit Bansal makes concerning his business have significantly impacted his financial success, which is undeniable. Like, one highlight of Rohit Bansal’s investment career was when he invested in Urban Company in 2015, where he invested ₹57 lakh. Though, by the year 2024, Rohit Bansal from this company earned ₹111 crore, which is a staggering number if one thinks of it as the multiplication of the initial investment that made him a millionaire early on, you know? This is more of a small thing though, of a much larger success that is to be evidenced by the record of Bansal’s investment firm, Titan Capital, in various successful startups, such as Ola, Credgenics, etc. All in all, it is because of these investments that he is well-renowned, and the world knows him as a successful investor, especially right here in India.
Achievements and Recognitions
All in all, without a single doubt, Rohit Bansal is regarded as the most recognizable personality right here in the country. He was the recipient of the Entrepreneur of the Year Award by the Bombay Management Association (BMA) in the year 2014. At that same time, he was among the top 50 enterprises in India according to the Economic Times and he was also the one to receive the Startup Entrepreneur of the Year award from Ernst & Young.