Rank #2749
Binny Bansal
Net worth $1.4B
Flipkart · India
- Born
- Dec 03, 1982
- Age
- 43
- Source
- Flipkart
- Residence
- Singapore
- Citizenship
- India
- Marital status
- Married
- Children
- 2
- Education
- Bachelor of Technology, Indian Institute of Technology
Net worth over time
Biography
- Former Amazon executive Binny Bansal teamed up with pal Sachin Bansal in 2007 to found Flipkart as an online seller of books, and later grew it into an e-commerce giant.
- The duo, who share the same surname but are not related, pooled $6,000 of their combined savings and started operating out of their apartment.
- In 2018, Walmart bought a 77% stake in India-based Flipkart for $16 billion in what was reportedly then the world's biggest deal for an internet firm.
- In 2023, Bansal sold his remaining 1.8% stake to Walmart in a deal that reportedly valued Flipkart at $35 billion.
- He's now chairman of xto10X, an Indian firm that he cofounded with two former Flipkart colleagues, which helps startups scale up their operations.