Sachin Bansal Net Worth: Founder of Flipkart

Sachin Bansal is the founder of Flipkart and Navi Group. He is a true entrepreneur, who has a great vision to find working solutions to a number of problems. He is also a perfect example of what determination can do to yield success in a person. He was a former executive at Amazon. He then teamed up with Binny Bansal in 2007 to start Flipkart as an online seller of books. The duo pooled around $6,000 from their combined savings and started to operate Flipkart from their apartment. In the year 2019, he acquired a Bengaluru-based technology firm, Navi Technologies from Maven Hive.

Early Life and Education

He studied at St. Anne’s Convent and scored really well in School. He worked hard for JEE preparation and secured All India Rank 49 in JEE rankings. He then studied Engineering at IIT Delhi and became a software engineer. After his graduation, he started working for Techspan Company. He worked there for a few months. Later, he got an opportunity to work at Amazon India as a senior software engineer. At Amazon, he learned the basis of e-commerce and, along with his colleague and friend Binny Bansal, started Flipkart with the intention of discovering the possibilities of e-commerce in India.

Career Highlights:

His career took a significant turn when he co-founded Flipkart in the year 2007 with Binny Bansal. Though Flipkart was originally started as an online bookstore, it soon expanded into different product categories and soon became one of the leading e-commerce platforms in India. Sachin Bansal served as the CEO of Flipkart since its inception in the year 2016, overseeing all aspects of his business, such as website development, delivery, and sourcing. He also performed the role of Executive chairman form the year 2016 to 2018.

He came out of Flipkart in the year 2018 following Walmart’s acquiring Flipkart and founded the BACQ Acquisitions Private Limited. He focused on building and acquiring businesses that are driven by technology. He made a number of investments, and one of his notable investments was his $100 million investment in Ola Cabs. His investment portfolio includes Ola, Ather Energy, Unacademy, SigTuple, Terminus, etc.

Sachin Bansal purchased the Bengaluru-based IT consultancy firm Maven Hive in December 2019. In 2020, he expanded his business by acquiring COCO, a general insurance brand, through Navi Technologies. In April 2020, Sachin was named Managing Director of Navi Technologies, a financial services company. Under his leadership, Navi Technologies secured 209 crore from Gaja Capital and filed a draft for an INR 3350 crore initial public offering on March 12, 2022.

Major Achievement of Saching Bansal:

One of his major achievements was co-founding Flipkart, India’s largest e-commerce platform. He served as the CEO and chairman of  Flipkart for eleven years. During his tenure, he led the growth and expansion of Flipkart into different product categories. He has made significant investments in businesses through BACQ Acquisitions Private Limited. He has acquired COCO and Maven Hive through Navi Technologies.

He is currently serving as the Managing director of Navi Technologies. He has been Awarded as the ‘Entrepreneur of the Year’ by Economic Times. He has been ranked as the 86^th richest person in the country by Forbes Magazine. He has been featured in India Today’s 50 Most Powerful People in India. He has also been included in the list of the 100 most influential people in the world by Time Magazine.

Overall, Sachin Bansal is an ardent reader who appreciates books about business, technology, and personal growth. He is enthusiastic about fitness and routinely participates in physical activities such as running and cycling. Sachin Bansal is well-known for his philanthropic initiatives, which benefit a variety of educational and social issues. He is also a well-known entrepreneur who has played a very significant role in shaping India’s economy.