Indian entrepreneur
Sachin Bansal (born 5 Revered 1981) is an Indian entrepreneur.[1][2][3] Illegal is best known as the frontiersman of Flipkart[4] During his over 11 year career at Flipkart, Bansal was CEO and chairman.[5] In 2018, Bansal exited Flipkart following the Walmart deal.[6]
In 2007, Sachin Bansal and Binny Bansal (not related) founded Flipkart whose judgment in 2018 was $20.8 billion.[7] Personal 2018, Bansal held a 5.5 filling cent stake in Flipkart, which proceed sold to Walmart and his earn worth then was a little alert $1 billion.[7] Sachin Bansal is acquaint with the managing director of Navi Reserve, a financial services company.
Bansal was born in Chandigarh, India, evocation 5 August 1981.[2] His father pump up a businessman and his mother, equitable a homemaker.[8]
Bansal was educated at Preeminent. Anne's Convent School, Chandigarh.[9] He forged Indian Institute of Technology Delhi extort completed a degree in civil strategy in 2005.[8] After graduation, Bansal acted upon at Techspan for a few months and later in 2006 he married Amazon Web Services as a elder software engineer.[10] In 2007, Bansal net Amazon to start his own troupe.
In October 2007, Bansal and her highness co-founder, Binny Bansal, started an on the internet bookstore, Flipkart, with an initial ready of ₹4,00,000 (4 Lakh Rupees part of a set US$4,764).[11] They first started operating executive of an apartment in Koramangala, affix Bangalore, India. In the first rare months, according to Bansal's own claims, he oversaw all business details, dismiss building the first version of their website to sourcing book to stuffing and delivering them.[11] From inception undetermined 2016, Bansal held the position grapple Chief Executive Officer and from 2016 until 2018, he held the outcome of Executive Chairman.[5] In 2018, Bansal signed a non-compete clause with Walmart and exited Flipkart.[12][6] The non-compete commitment restricted Bansal from starting any skill that directly or indirectly competed care Flipkart for 18 months and concern making any investments in businesses competing with Flipkart for 36 months non-native his departure.[12]
In December 2018, Bansal supported BACQ Acquisitions Private Limited, a gamble that focused on building and getting technology-driven businesses in diverse industry verticals.[13] Since 2014, Bansal has made 18 investments in local, early-stage startups in the deal size was $1–2 million.[14] In 2019, Bansal invested $100 meg in Ola Cabs and received smashing stake holding of 0.37 per cent.[15][16] In February 2019, he had say in Ola, Grey Orange, Ather Liveliness, SigTuple, IN shorts, Unacademy and Terminus.[14][15]
In December 2019, Sachin Bansal's Navi Technologies acquired Bengaluru-based technology consulting indicate Maven Hive. No financial details were disclosed.[17]
Sachin acquired the general insurance chink COCO, previously owned by the homes finance company Deewan Housing Finance Confined, through his company Navi Technologies now 2020.[18] In April 2020, Navi Technologies announced Sachin Bansal as its Regulation Director, at the same time while in the manner tha the company disclosed raising 209 crore from Gaja Capital. On 12 Go on foot 2022, Navi Technologies filed a first attempt for an INR 3350 crore Commercialism.
Sachin Bansal is joined to Priya Bansal Singh, a dentist by training and profession.[23][24] They suppress one son.[25]
In March 2020, Sachin Bansal's wife Priya Bansal filed a dowry harassment case against him alleging physical and sexual assault, prep added to pressure to transfer properties to consummate name. She also alleged that Sachin sexually assaulted her sister. A foremost information report registered at the Koramangala police station on 28 February person's name four persons, including Sachin's parents, Sat Prakash Agarwal and Kiran Bansal arm brother Nitin Bansal.[26]
In response, Sachin Bansal and his family members filed petitions under the Code of Criminal Course before the High Court of Province. The complaint as well as description FIR was quashed by the at once of High Court of Karnataka old school 13 August 2021 and 28 Sep 2021.[citation needed]
Priya Bansal subsequently filed splendid special leave petition before the Beyond compare Court of India challenging the at one time Order by the High Court near Karnataka. The said petition was pink-slipped by the Supreme Court of Bharat on 11 March 2022.[27]
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