Sachin Bansal facts for kids
Quick facts for kids
Sachin Bansal
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| Born | 5 August 1981 Chandigarh, India
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| Alma mater | Indian Institute of Technology Delhi |
| Occupation | Businessman |
| Known for | Co-founder and CEO, Navi Group Founder and former CEO and chairman, Flipkart |
| Spouse(s) | Priya Bansal |
| Children | 1 |
Sachin Bansal, born on August 5, 1981, is an Indian businessman. He is famous for starting Flipkart, a big online shopping company. He was the CEO and chairman of Flipkart for over 11 years. In 2018, he left Flipkart after it was sold to Walmart.
Sachin Bansal and Binny Bansal (who is not related to him) started Flipkart in 2007. By 2018, Flipkart was worth over $20 billion! Sachin Bansal sold his share of Flipkart to Walmart. Today, he leads Navi Group, a company that helps people with money matters.
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Early Life and Education
Sachin Bansal was born in Chandigarh, India, on August 5, 1981. His father was a businessman, and his mother was a homemaker.
Sachin went to St. Anne's Convent School, Chandigarh. After school, he took the IIT JEE exam. He worked hard and got a very good rank on his second try. He then went to IIT Delhi. He earned a degree in Computer Science and Engineering. After college, Sachin worked at Techspan for a short time. In 2006, he joined Amazon Web Services as a senior software engineer. In 2007, he left Amazon to start his own company.
Starting Flipkart
In October 2007, Sachin Bansal and his co-founder, Binny Bansal, started an online bookstore. They called it Flipkart. They began with about 4 Lakh Rupees (around US$4,764). They first worked out of an apartment in Koramangala, Bangalore, India.
In the beginning, Sachin managed many parts of the business. He helped build the first website. He also found books to sell. He even helped pack and deliver them. Sachin was the Chief Executive Officer of Flipkart until 2016. From 2016 to 2018, he was the Executive Chairman. In 2018, Flipkart was sold to Walmart. Sachin Bansal then left the company.
After Flipkart
After leaving Flipkart, Sachin Bansal started a new company in December 2018. It was called BACQ Acquisitions Private Limited. This company focused on creating and buying technology businesses.
Since 2014, Sachin has invested in many new companies. He has put money into 18 early-stage startups in India. In 2019, he invested $100 million in Ola Cabs. He also has investments in companies like Grey Orange, Ather Energy, SigTuple, IN shorts, Unacademy, and Terminus.
In December 2019, Sachin Bansal's company, Navi Technologies, bought a technology firm called Maven Hive. The details of this deal were not shared.
In 2020, Navi Technologies also bought an insurance brand called COCO. In April 2020, Sachin Bansal was named the Managing Director of Navi Technologies. The company also raised 209 crore rupees from Gaja Capital. In March 2022, Navi Technologies planned to offer shares to the public. This was a big step for the company.
Awards and Recognition
Sachin Bansal has received several awards and honors:
- He was named "Entrepreneur of the Year" by The Economic Times.
- In 2015, Forbes India listed him as the 86th richest person in India.
- In 2016, Time Magazine included Sachin Bansal and his co-founder on their list of the 100 most influential people in the world.
- In 2017, India Today included Sachin Bansal and his co-founder in India's 50 most powerful people list.
Personal Life
Sachin Bansal is married to Priya Bansal Singh. She is a dentist. They have one son.
