Sachin Bansal
Sachin Bansal is the founder of the E-commerce company Flipkart. He is an Indian entrepreneur, born in Chandigarh on the 5th of August, 1981. His career at Flipkart lasted 11 years and he left his position as CEO and Chairman of the company in 2018. The decision came after he signed a deal with Walmart.
Sachin and Binny Bansal founded Flipkart in 2007. As of 2018 Bansal reportedly held a 5.5 per cent stake within the company. In the same year, he sold it to Walmart.
Presently, he is the Managing Director of Navi Group. The company specialises in offering financial services to its customers.
He completed his primary education at St. Anne’s Convent School, Chandigarh. Further pursuing a degree in Computer Engineering at the Indian Institute of Technology, Delhi. After graduating in 2005 he began working at Techspan. Within a few months he started working with Amazon Web Services, holding the position of a Senior Software Engineer. Two years later, in 2007, he quit his position to start his own business venture.
Post-Flipkart, he founded BACQ Acquisitions Private Limited. The company specialises in building and acquiring technology-driven businesses.
In 2019, he invested a sum amount of $100 Million in Ola, Unacademy and Terminus amongst other companies. In the same year, his company Navi Technologies acquired the technology consulting firm Maven Hive. No financial details were disclosed relating to the same.
As of 2023, his net worth stands at an estimated value of $1.3 Billion.
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News
PhonePe captures 50% of UPI market by value, Navi surpasses Amazon Pay on volumes
Sayan Sen | September 17, 2024
In August, PhonePe processed payments worth Rs 10,33,264.34 crore. In terms of the number of transactions, PhonePe processed 7.23 billion transactions in August, which accounted for 48.36% of all transactions on UPI.
Funding
Navi Finserv closes $38M securitisation deal with JP Morgan
Trisha Medhi | July 30, 2024
The fintech platform will use the funds to expand further and grow its digital personal loans business. Navi Finserv’s lending platform will capitalise on new technological advancements to be a part of India's growing digital lending segment.
Funding
[Weekly funding roundup May 18-24] Steep drop in VC inflow in absence of large deals
Thimmaya Poojary | May 24, 2024
The month of May has been uneven in terms of venture capital funding, with startups raising $113 million this week—a sharp decline from $536 million raised a week prior.
Daily Capsule
Ather eyes the unicorn club; Enterprise engagement powered by AI
Team YS | April 24, 2024
Hero MotoCorp, among Ather’s largest shareholders, could participate in the round as it looks to shore up its stake in the startup.
News
Unicorn club round the corner for Ather as it looks to raise $95M in pre-IPO round
Aparajita Saxena | April 23, 2024
One of Ather's biggest investors, Hero MotoCorp, is looking to increase its shareholding in the company by investing Rs 550 crore in the EV maker, a filing with the stock exchanges showed.