Sachin Bansal
$1.2B
Born
Aug 05, 1981
Age
44
Source of Wealth
Flipkart
Residence
Bangalore,
Citizenship
India
Marital Status
Married
Children
1
Education
Bachelor of Science in Engineering, Indian Institute of Technology
- Former Amazon executive, Sachin Bansal, teamed up with pal Binny Bansal, also a billionaire, in 2007 to found Flipkart as an online seller of books.
- 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, Wal-Mart bought a 77% stake in Flipkart for $16 billion in what was the world's biggest deal for an internet firm.
- Bansal cashed out, selling his minority stake for $1 billion.
- His privately held Navi Technologies, which offers a range of financial products to middle-class customers, had filed a draft red herring prospectus in 2022 but the IPO has been shelved.
- Bansal is an online gaming enthusiast.
- In January 2019, Bansal picked up a minority stake in ride-hailing firm Ola for $100 million.
- In November 2023, he sold microfinance firm Chaitanya India Fin Credit to Svatantra Micrfinance, owned by billionaire Kumar Birla's daughter, Ananya.
- In February 2025, he resigned as Chief Executive of Navi Technologies and became executive chairman to focus on strategic initiatives.
- He exited electric car company Ather after selling his stake to two-wheeler giant Hero MotoCorp and financial services tycoon Nikhil Kamath,
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