#2725
Binny Bansal
Overview
- Source of Wealth
- Flipkart
- Industry
- Technology
- Residence
- Singapore
- Education
- Indian Institute of Technology (Bachelor of Technology)
- Marital Status
- Married
- Children
- 2
Biography
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.