E-Commerce Billionaires: Flipkart’s Sachin And Binny Bansal

Sachin Bansal, (born August 5, 1981) and Binny Bansal are an Indian Software Engineer and Internet Entrepreneur, Co-founders of India’s leading e-commerce platform Flipkart, founded Flipkart in 2007. Sachin and Binny coincidently from Chandigarh, the capital city of Punjab and Haryana. Both are holding a degree in Computer Science and Engineering from Indian Institute of Technology Delhi. Although they are Bansal’s they are not related. Sachin and Binny finished their schooling at St. Anne’s Convent School, Chandigarh.

Before founding Flipkart, Sachin’s aspiration was to become a professional gamer. His father was a businessman whereas his mother was a Housewife. He got married with Priya, who is dentist and they have a 4 year old child.

Currently Binny settled in Bangalore. His father is a retired chief manager at a bank and mother is in the government sector, Binny has no sibling and he is married to a housewife.

After Engineering, Sachin Bansal worked at Techspan company for few months. Before co-founding Flipkart, Binny was earlier worked with Amazon for 9 months before that he tried to join Google, but rejected by Google twice. Before joining Amazon, Binny worked with Sarnoff Corporation for 1.5 years, where he developed a lane sensor device for cars which would warn you and give alert beep automatically if you change lanes without giving a signal.

Sachin joined Amazon.com India as a Senior Software Engineer in 2006. While working at Amazon Sachin met Binny as a colleague. And after 6 months both decided to leave Amazon. Initially they planned to start their comparison search engine, but they observed that the market for E-commerce in India was very small. Hence, after leaving Amazon in 2007, they founded Flipkart as an e-commerce company.

Sachin Bansal and Binny Bansal started Flipkart with 400,000 rupees in an apartment of Bengaluru which generates 1.5 crore a day. Just 4 years into the business, the company sells 15 products per minute. It was their efforts to reach where they are. In 2007, during the initial days of Flipkart Sachin Bansal and his business partner Binny Bansal used to deliver books across Bengaluru on their two- wheeler. In october 2015, they appeared at the doorsteps of some customers, delivering goods in order to gain insights from the online buyers’. Their idea of selling books online via Flipkart was not new, but quality service and fast delivery were their strongest point.

In September 2015, Sachin Bansal with his co-founder Binny Bansal was named the 86th richest person in India with a net worth of $1.3 billion in India’s Rich List. And in 2012-2013 Sachin Bansal achieved Entrepreneur of the year Award.

Sachin Bansal and Binny Bansal ,two alumni students of IIT Delhi, 6 years ago started the company, which is today one of the leading online shopping websites of India. Bansals had experience with Amazon.com earlier and now started their own business with an online bookstore and further expanded to other products and finally introducing a whole marketplace.

Flipkart guaranteed high-end customer satisfaction and with an attractive mode of payment of cash on delivery. In time delivery of product and cash on delivery carved an identity for the brand. This brings them success in online E-commerce Business.

– Sonal Burghate

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