Inspirational Success Story of Binny Bansal, Flipkart Co-Founder
Binny Bansal was born in 1983 at Chandigarh, Punjab, Haryana. Binny is an Indian billionaire Internet entrepreneur. His father was first in the army. His mother is a government employee. After retirement, his father is an employee chief manager in the bank. Binny studied at St. Anne’s school in Chandigarh.
He received his BTech degree in Computer Science degree from the Indian Institute of Technology Delhi – IIT Delhi. Interestingly, Rohit Bansal, Snapdeal cofounder was also his batchmate.
After receiving the BTech degree, Bansal worked for Sarnoff Corp, a research and development company. Binny had no brother & sister. Bansal currently lives in Bangalore with Trisha, his wife.
Before co-founding Flipkart, he had been rejected by Google twice. Binny was employed by an online company, Amazon for nine months as a software engineer. Before joining Amazon, Bansal had worked with Sarnoff Corporation where he developed a lane sensor device for cars. Binny is known as a software engineer.
Binny associated with his friend Sachin Bansal. In 2007, Bansal and Sachin Bansal, his business partner realized that the E-commerce market in India was very small. After leaving Amazon in 2007, they planned to launch an online bookstore, later they founded Flipkart in a two-storeyed building in Koramangala as an e-commerce company. Many people think that Binny Bansal and Sachin Bansal are both brothers.
Both of them worked in Amazon, an American multinational technology company for a while before founding Flipkart. In the early days, Binny Bansal and Sachin Bansal used to distribute books on their scooters.
The result of his hard work was that Flipkart gradually grew and incorporated many categories of products, including electrical equipment, electronics, fashion, sports, home appliances, books, etc.
Binny became the CEO of Flipkart In 2016, where he worked on direction, strategic development, and business management. Flipkart emerged as the first e-commerce company in India. Walmart acquired a 77% stake in the Flipkart group In 2018. After the acquisition, Binny Bansal continued as Group CEO.
In November 2018, Bansal resigned from Flipkart due to personal misconduct allegations.