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Sachin Bansal

Flipkart co-founder Sachin Bansal invests Rs 740 crore in NBFC Chaitanya Rural Intermediation, becomes CEO

Flipkart co-founder Sachin Bansal invests Rs 740 crore in NBFC Chaitanya Rural Intermediation, becomes CEO

Wed, Sep 25, 2019

Sachin Bansal who exited Flipkart with about $1 billion in pocket, has invested Rs 740 crore into Bengaluru-headquartered NBFC CRIDS.

Major acceleration! Electric scooter manufacturer Ather raises $51 mn funding led by Sachin Bansal

Major acceleration! Electric scooter manufacturer Ather raises $51 mn funding led by Sachin Bansal

Wed, May 29, 2019

In a big shot in its arm, electric scooter manufacturer Ather Energy has raised an investment of $51 mn in its latest round of funding, led by Sachin Bansal’s investment of $32 mn. Also, Hero MotoCorp has converted its Convertible Debt of $19 Mn as a part of this round. In addition to this, InnoVen Capital has extended an $8 Mn venture debt.

Sachin Bansal's investments: Flipkart co-founder is betting big on these startups - Check details

Sachin Bansal's investments: Flipkart co-founder is betting big on these startups - Check details

Tue, Apr 30, 2019

Sachin Bansal, co-founder of e-commerce major Flipkart, has recently put money in many startup ventures. In February 2019, he invested Rs 650 crore or $92 million in Ola, a ride-hailing start-up in India.

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Sachin Bansal’s BACQ invests Rs 20 crore in Milkbasket

Sachin Bansal’s BACQ invests Rs 20 crore in Milkbasket

Mon, Apr 29, 2019

Sachin Bansal’s firm BACQ has invested Rs 20 crores in a daily grocery delivery service, Milkbasket. Launched in early 2015, Milkbasket is a daily grocery delivery service that (accessible on milkbasket.com, iOS and Android) delivers entire grocery needs of a household every day before 7:00 a.m.

Sachin Bansal to be CEO again? Flipkart co-founder in talks to acquire Bengaluru-based firm: Report

Sachin Bansal to be CEO again? Flipkart co-founder in talks to acquire Bengaluru-based firm: Report

Fri, Apr 12, 2019

Sachin Bansal has been a busy man since quitting Flipkart after Walmart picked up 77 per cent stake in the Indian e-commerce company for $16 billion.

Sachin Bansal is putting his money into these firms after he got whopping amount from Flipkart stake sale

Sachin Bansal is putting his money into these firms after he got whopping amount from Flipkart stake sale

Wed, Feb 20, 2019

Sachin Bansal, co-founder of e-commerce major Flipkart, has invested Rs 650 crore or $92 million in Ola, a ride-hailing start-up in India.

Internet entrepreneur and Flipkart co-founder Sachin Bansal invests Rs 650 crore in Ola Cabs

Internet entrepreneur and Flipkart co-founder Sachin Bansal invests Rs 650 crore in Ola Cabs

Tue, Feb 19, 2019

Internet entrepreneur and Flipkart co-founder Sachin Bansal has invested Rs 650 crore, or about $92 million, in ride-hailing platform Ola in his personal capacity as investor , the company said in a statement on Tuesday.

Flipkart co-founder Sachin Bansal invests Rs 650 cr in Ola cabs

Flipkart co-founder Sachin Bansal invests Rs 650 cr in Ola cabs

Tue, Feb 19, 2019

The investment is part of Ola's plans to raise about USD 1 billion in funding. In October last year, the Bengaluru-based company had announced raising USD 1.1 billion funding from China's Tencent Holdings and SoftBank Group.

Flipkart's co-founder Sachin Bansal invests Rs 150 crore in Ola

Flipkart's co-founder Sachin Bansal invests Rs 150 crore in Ola

Tue, Jan 15, 2019

Last week, Ola had also raised Rs 520-crore ($74 million) from its existing investor Steadview Capital.

From Urjit Patel to Rana Kapoor, these shock exits of 2018 surprised everyone

From Urjit Patel to Rana Kapoor, these shock exits of 2018 surprised everyone

Sun, Dec 23, 2018

Shocking exits of this year

From Flipkart founders Sachin and Binny Bansal to PM Narendra Modi, check top news

From Flipkart founders Sachin and Binny Bansal to PM Narendra Modi, check top news

Fri, Nov 23, 2018

As the nation is inching closer to the next year's general elections, several mega plans are being unfolded. Prime Minister Narendra Modi on Thursday, through video conferencing from New Delhi, launched/laid foundation stones of city gas distribution projects.

Income tax returns shocker for Flipkart founders Sachin Bansal and Binny; this is what taxman wants from duo

Income tax returns shocker for Flipkart founders Sachin Bansal and Binny; this is what taxman wants from duo

Thu, Nov 22, 2018

Income tax returns: The I-T department has written to Flipkart founders Sachin Bansal and Binny Bansal seeking to know the details of the income earned following their share sale to US retail giant Walmart and when they would be depositing the advance tax, an official said.

Flipkart makers' exit! First Sachin Bansal, now Binny Bansal; This is how they give India its largest shopping portal

Flipkart makers' exit! First Sachin Bansal, now Binny Bansal; This is how they give India its largest shopping portal

Fri, Nov 16, 2018

A scandal has emerged in Flipkart, but that has been under the leadership of US-based offline retailer Walmart, albeit, it has to do with a co-founder. What has happened is that, since Flipkart came under ambit of Walmart, two of its founder have left the company.

In shock move, Warren Buffett ends 20-year love affair with Walmart; Flipkart or Amazon to blame?

In shock move, Warren Buffett ends 20-year love affair with Walmart; Flipkart or Amazon to blame?

Fri, Nov 16, 2018

Berkshire’s investment in Walmart goes way back to 1998, and Buffett held some 20 million shares in the retailer until he doubled that by the end of 2009. In the year 2003, Buffett had even purchased Walmart’s McLane food-distribution business.

Binny Bansal resigns: What next at Flipkart now

Binny Bansal resigns: What next at Flipkart now

Wed, Nov 14, 2018

After the unceremonious, even ignominous, exit of Binny Bansal from the very cpompany he co-foinded, Kalyan Krishnamurthy, who heads the company's main Flipkart e-commerce operation, would now act as chief executive for a broader group.

Who is Sachin Bansal, the man who started Flipkart but sold it to Walmart

Who is Sachin Bansal, the man who started Flipkart but sold it to Walmart

Fri, May 11, 2018

Sachin Bansal, the poster boy of India's e-commerce revolution, had once said he will never sell Flipkart, but guess he got an offer he just could not refuse! It so happened that he has now exited the business by selling his entire stake in Flipkart.

Emotional Sachin Bansal takes to Facebook to bid adieu to Flipkart staff, says his 'work here is done'

Emotional Sachin Bansal takes to Facebook to bid adieu to Flipkart staff, says his 'work here is done'

Thu, May 10, 2018

Sachin and Binny began by selling books when they founded Flipkart, and then expanded to sell music, movies, games, electronics and mobiles. The first book the company sold was John Wood’s Leaving Microsoft to Change the World. Then, the e-commerce company launched logistics arm Ekart.

Day after buying Flipkart, Walmart says will open 50 new stores in India in 4-5 yrs

Day after buying Flipkart, Walmart says will open 50 new stores in India in 4-5 yrs

Thu, May 10, 2018

A day after announcing USD 16 billion investment in India's largest online retailer Flipkart, Walmart Inc today said it will continue to grow its wholesale cash-and-carry business, adding 50 new stores in the next four-five years. "We currently have 21 stores and plan to open 50 stores in 4 to 5 years. Plans are on track,"

Here is what Binny Bansal has to say about Sachin Bansal’s exit from Flipkart

Here is what Binny Bansal has to say about Sachin Bansal’s exit from Flipkart

Thu, May 10, 2018

After moving to Bangalore, Sachin joined Amazon and recommended Binny, earning an employee recommendation bonus. He, however, had to soon return it as Binny left Amazon in just 8 months.

Sachin Bansal, Binny Bansal join Mukesh Ambani, Azim Premji in billionaires club; check India's top 5 list

Sachin Bansal, Binny Bansal join Mukesh Ambani, Azim Premji in billionaires club; check India's top 5 list

Thu, May 10, 2018

India's very own whizkids, Sachin Bansal and Binny Bansal have turned billionaires after selling their stake in India's top e-retailer Flipkart to US retail giant Walmart in a transaction dubbed as world's largest e-commerce deal valued at $16 bn.

Who is Binny Bansal, the man who just sold Flipkart to Walmart; check in 5 slides

Who is Binny Bansal, the man who just sold Flipkart to Walmart; check in 5 slides

Thu, May 10, 2018

Binny Bansal, the poster boy of India's e-commerce revolution, has just sold his firm Flipkart, he is a co-founder alongside Sachin Bansal, to US retail giant Walmart in a deal valued at $16 bn. It has boosted Flipkart valuation to $21 bn (Rs 1,35,000 crore).

Awesome Flipkart-Walmart deal may get big slap in face in India

Awesome Flipkart-Walmart deal may get big slap in face in India

Thu, May 10, 2018

As per the proposed deal, Walmart is expected to acquire shares of the Singapore-registered Flipkart. In the normal case, capital gains will not arise. But India had introduced an amendment to nullify the Vodafone Judgment by taxing indirect transfers. On account of indirect transfer, this transaction could get taxed, because of the change in shareholding at the Singapore entity.

Walmart buys Flipkart: Great discounts coming for buyers soon

Walmart buys Flipkart: Great discounts coming for buyers soon

Thu, May 10, 2018

Flipkart-Walmart deal: US firm's $16 billion majority stake acquisition in Flipkart is set to make shopping much more rewarding for the Indian online consumers. With Jeff Bezos promoted Amazon India challenging Flipkart’s leadership position, the latter is left with no option but to do everything under the sun and maintain/ grow its market share in the $17.8 billion Indian e-commerce industry.

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