It is actually exciting to see that just in few years; Flipkart became the hottest online shopping destination. Nowdays, shopping in India is not as same as it was a decade back. The present generation is the digital generation where e-commerce websites are touching great heights. Behind this magnificent transformation there is one person, Sachin Bansal, who along with his friend Binny Bansal in the year 2007, decided to launch India’s own e-commerce website, Flipkart.
Both the Bansals' originally belong to Chandigarh. They have completed their schooling from the same school and not only this; both of them have pursued engineering in computer science at Indian Institute of Technology, Delhi which is one of its kind in the country. Though, both of the entrepreneurs share common last name but they are not related in any way.
Sachin Bansal joined Techspan after completion of his degree whereas Binny worked with Sarnoff Corporation. In the year 2006, Sachin was appointed as Senior Software Engineer at Amazon.com, one of the world’s most popular e-commerce website. Soon, he got his friend Binny into Amazon as well. Though, before getting into Amazon, Binny was rejected for two times by Google.
It was finally in the year 2007 when Sachin and Binny founded Flipkart as India’s e-commerce company. They both left Amazon at the same time and actually analyzed that e-commerce market is not so great in India but they took the major step to start it off. Their daring attitude actually made the internet shopping in India much better.
Like, many other business, Flipkart also started with small investment. Both the co-founders started off Flipkart, which is presently a company with net worth of $1.3 billion, from a flat in Bangalore with Rs. 4,00,000 in cash.
During the early days in the year 2007, both the Bansals used to deliver books on scooters. It was later when Flipkart expanded and began selling electronic goods and other products.
It was again in the year 2015 when Sachin and Binny came to the doorsteps of some of their online customers in order to share experiences from the buyers.
With the growing market trends, they both wish to see Flipkart as a $ 100 billion company soon and want even smallest of the villages and towns shop online.
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