Sachin Bansal | FlipKart Founder, Age, Net Worth, & Biography.

Sachin Bansal is a renowned Indian entrepreneur, investor, and engineer. He is best known as the co-founder of Flipkart, one of the largest e-commerce platforms in India. Sachin has played a pivotal role in shaping the Indian e-commerce industry, and his success story has inspired many young entrepreneurs. 

Quick Info 

Full name: Sachin Bansal

Known for: Co-founding Flipkart, one of India's largest e-commerce platforms

Flipkart founded year: year 2007

Age: Sachin Bansal was born on August 5, 1981, which makes him 41 years old as of 2022.

Wife: Priya Bansal

Children: Sachin Bansal and his wife Priya have a son named Arjun and a daughter named Meera.

Flipkart valuation: In May 2018, Walmart acquired a 77% stake in Flipkart for $16 billion, valuing the company at approximately $20.8 billion. As of 2022, Flipkart has a valuation of $37.6 billion. The company has plans to go public through a listing in the United States in 2023. 

Net Worth 

As the co-founder of Flipkart, he earned a significant amount of wealth from the company's success. When Walmart acquired Flipkart in 2018, Sachin Bansal reportedly sold his entire stake (5.5%) in the company, and as of 2023 Sachin Bansal's net worth was estimated to be around $1.3 billion USD (INR 10622 crore) acording to the Forbes.

Early Life and Education

Sachin Bansal was born on August 5, 1981, in Chandigarh, India. He completed his schooling from St. Anne's Convent School in Chandigarh and later pursued his engineering degree from the Indian Institute of Technology Delhi (IIT Delhi).

Entrepreneurial Journey 

After completing his engineering degree in 2005, Sachin Bansal joined Techspan, an IT services company. He worked there for a year before joining Amazon Web Services in Bangalore as a software developer. It was during his stint at Amazon that Sachin Bansal met Binny Bansal, who would later become his business partner.

In 2007, Sachin and Binny Bansal founded Flipkart, an online bookstore. Initially, the company operated out of a two-bedroom apartment in Bangalore, with Sachin handling the technology and Binny taking care of the business operations. Flipkart's success was fueled by Sachin's technical expertise and Binny's business acumen. The company grew rapidly, expanding its product range and customer base.

In 2013, Sachin Bansal was named the CEO of Flipkart, and under his leadership, the company continued to grow and diversify. Flipkart became India's largest e-commerce platform, offering a wide range of products and services. Sachin Bansal was instrumental in driving the company's expansion into new areas such as mobile commerce, digital payments, and logistics.

In 2016, Sachin Bansal stepped down as the CEO of Flipkart, but continued to serve as the Executive Chairman until his departure in 2018. During his tenure at Flipkart, Sachin Bansal played a key role in shaping the Indian e-commerce industry and was widely recognized as one of India's most successful entrepreneurs. 

Personal Life 

Sachin Bansal is married to Priya Bansal and the couple has a son named Arjun and a daughter named Meera.

Investments and Philanthropy

After leaving Flipkart, Sachin Bansal has focused on investing in and supporting Indian startups. He has invested in a wide range of companies, including Ather Energy, Ola, and Unacademy. Sachin Bansal has also been actively involved in promoting entrepreneurship and innovation in India, and has set up a fund to support early-stage startups.

Apart from his business ventures, Sachin Bansal is also actively involved in philanthropic activities. He has donated to several causes, including education and healthcare, and is a member of the Giving Pledge, a commitment by the world's wealthiest individuals and families to give away the majority of their wealth to address society's most pressing problems. 

Awards and Achievements 

1. In 2016, Sachin Bansal was listed among TIME magazine's "100 Most Influential People in the World."
2. Sachin Bansal and his co-founder Binny Bansal were jointly awarded the "Entrepreneur of the Year" award at the Economic Times Awards for Corporate Excellence in 2012.
3. In 2014, Sachin Bansal was named "Entrepreneur of the Year" at the Economic Times Awards for Corporate Excellence.
4. Sachin Bansal was also awarded the "NDTV Indian of the Year" award in the business category in 2014.
5. In 2015, Sachin Bansal was awarded the "EY Entrepreneur of the Year" award for the e-commerce category.
6. Sachin Bansal was also named "Young Turk of the Year" at the CNBC-TV18 India Business Leader Awards in 2015.

Conclusion

Sachin Bansal's journey from a software developer to one of India's most successful entrepreneurs is truly inspiring. His contribution to the Indian e-commerce industry has been invaluable, and his investments in Indian startups are helping to build a thriving tech ecosystem in the country. Sachin Bansal's philanthropic activities are a testament to his commitment to giving back to society. His legacy will continue to inspire generations of entrepreneurs in India and beyond.