Who is Binny Bansal, the man who just sold Flipkart to Walmart; check in 5 slides
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). As far as Flipkart performance goes, it posted a loss of Rs 8,771 crore for fiscal ending March, 2017 and has logged sales of around $4.6 billion in the fiscal ended March, 2018. We have compiled Binny Bansal's journey from Kart to Mart in 5 slides:
Binny Bansal is an engineer from IIT Delhi, he hails from Chandigarh, who joined Jeff Bezos led Amazon after working for IT firm Sarnoff. (Image source: Reuters)
Binny Bansal, along with his partner Sachin Bansal started Flipkart with 'cash-on-delivery' facility in 2007 with Rs 4 lakh, even going door-to-door to deliver books. (Image source: PTI)
Binny Bansal joined Flipkart a month after Sachin Bansal started operations of Flipkart in August 2007. (Image source: Company website)
Binny Bansal has been allowed to retain a very small part of his 5.5 per cent stake in Flipkart and will be Chairman of the company's Board. (Image source: PTI)
Binny Bansal is the only son of an ex-bank chief manager father and a government employee mother. (Image source: PTI)