Binny Bansal
$1.4B
Born
Dec 03, 1982
Age
43
Source of Wealth
Flipkart
Residence
Singapore,
Citizenship
India
Marital Status
Married
Children
2
Education
Bachelor of Technology, Indian Institute of Technology
- 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.
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