Sachin Bansal Vision for Flipkart: Disrupting E-Commerce in India

Major Events Of Sachin Bansal’s Life

  • 1981: Sachin Bansal was born on August 5, 1981, in Chandigarh, India.
  • 1995-1999: Sachin completed his schooling at St. Anne’s Convent School in Chandigarh.
  • 1999-2003: Sachin completed his Bachelor of Engineering degree in Computer Science from the Indian Institute of Technology (IIT) Delhi.
  • 2005: Sachin Bansal, along with his friend Binny Bansal, started working at Amazon India as software developers.
  • 2007: Sachin and Binny left Amazon and started their own company, Flipkart, as an online bookstore.
  • 2008: Flipkart expanded its product offerings beyond books and started selling electronics, clothing, and other items.
  • 2009: Flipkart raised its first funding round of $1 million from Accel Partners.
  • 2010: Flipkart raised a second funding round of $10 million from Tiger Global Management and Accel Partners.
  • 2011: Flipkart raised a third funding round of $20 million from Tiger Global Management and Accel Partners.
  • 2012: Flipkart raised a fourth funding round of $150 million from Naspers and Tiger Global Management.
  • 2013: Flipkart acquired the online fashion retailer Myntra for around $300 million.
  • 2014: Flipkart raised a fifth funding round of $1 billion from various investors, including Tiger Global Management, Naspers, and DST Global.
  • 2015: Flipkart raised a sixth funding round of $700 million from various investors, including Steadview Capital, Qatar Investment Authority, and DST Global. Sachin Bansal was appointed as the CEO of Flipkart.
  • 2016: Sachin Bansal stepped down as CEO of Flipkart and became the executive chairman. Binny Bansal became the CEO.
  • 2017: Flipkart raised a seventh funding round of $1.4 billion from Tencent, Microsoft, and eBay. Flipkart also acquired eBay India.
  • 2018: Walmart acquired a 77% stake in Flipkart for $16 billion, making it one of the largest e-commerce acquisitions in the world. Sachin Bansal resigned from Flipkart after the acquisition.
  • 2019: Sachin Bansal founded a new company, BAC Acquisitions, which invested in startups and companies in various sectors.
  • 2020: Sachin Bansal founded a new company, Navi Technologies, which offers financial services such as digital payments, loans, and insurance.
  • 2021: Navi Technologies acquired DHFL General Insurance for around $100 million. Sachin Bansal became the CEO of Navi Technologies.

Sachin Bansal’s contribution to the Indian startup ecosystem is significant. He is recognized as one of the most successful and influential entrepreneurs in India. His entrepreneurial journey and success story are an inspiration to many young entrepreneurs in India and around the world.