Sachin Bansal, the co-founder of Flipkart, is one of the most successful Indian tech entrepreneurs. After selling his company to Walmart for $16 billion, he is now a billionaire. This Forbes profile will look at his life and career and see what made him so successful.
Sachin Bansal was born in Chandigarh, India, in 1981. He studied computer science at the Indian Institute of Technology Delhi, and it was here that he met his future business partner, Binny Bansal. Flipkart was founded in 2007 by Sachin Bansal and Binny Bansal, two Indian entrepreneurs who met while working at Amazon. The company started as an online bookstore but soon expanded into selling other items such as electronics and fashion. Flipkart was a pioneer in the Indian e-commerce market and quickly became one of the country’s largest online retailers.
In 2014, Flipkart raised $1 billion in funding from investors, including Tiger Global Management and Accel Partners. This made it the largest investment round ever for an Indian startup. Flipkart announced that it had acquired Myntra, an online fashion retailer, for $330 million the following year.
Walmart bought a 77% stake in Flipkart for $16 billion in 2018, making it the largest ever e-commerce deal. Sachin Bansal left the company after the sale but remained on the board of directors. He has since invested in several startups and is also working on a new e-commerce venture.
Sachin Bansal tips on success
- Focus on the customer: “The customer is always right,” says Bansal. He believes that success will follow if you build a product that customers love.
- Be persistent: “Never give up” is Bansal’s advice for aspiring entrepreneurs. He says that you must keep going even when things are tough and not give up on your dreams.
- Be passionate: “Find something you’re passionate about and stick with it,” advises Bansal. He believes that it will be very difficult to succeed if you’re not passionate about your business.
- Learn from failures: “Failure is an opportunity to learn and improve,” says Bansal. He believes that every time you fail, you should try to understand what went wrong and how you can do better next time.
- Have a vision: “It’s important to have a clear vision for your business,” says Bansal. He believes that it will be much easier to get there if you know where you want to go.
Sachin Bansal is a true rags-to-riches story. He comes from a humble background, but he has become one of the most successful tech entrepreneurs in India through hard work and dedication. His story is an inspiration to budding entrepreneurs all over the world.
