Bansal transferred more than 5.39 lakh of his Flipkart shares to Walmart's . Frequently Ask Questions. Paytm's Vijay Shekhar Sharma's success is reflected in the fact that he has made his entry into the latest Forbes' World's Billionaire List with a net worth of $1.3 billion. This takes his total net worth to around $3.8 billion as of July 24, 2021 (assuming the dollar at Rs. Flipkart: QwikPik raises Rs 26 crore from RB Investments ... The Series-A round of funding also saw participation from the Mumbai-based fast-moving consumer goods startup's existing backers, a list that includes, Flipkart cofounder Binny Bansal, Rehan Yar Khan-led early stage venture capital firm Orios Venture Partners, and a host of high net worth individuals. 7. The restaurant opened its doors in China back in 2018; today, Zhang has 768 Haidilao outlets in China, Japan, Singapore, South Korea and the United States. The Net worth of Sachin Bansal is INR 5,400 crore. Binny Bansal sells stake worth $76 Mn to Walmart Last Updated: 25th June, 2019 20:11 IST 'Binny Bansal Sells Flipkart Shares Worth Rs 530 Cr To Walmart' Flipkart co-founder Binny Bansal has sold his shares worth over USD 76 million (about Rs 530 crore) in the Indian e-commerce major to US retail giant Walmart. Bansal transferred more than 539,000 of his Flipkart shares to Walmart's Luxembourg-based entity -- FIT Holdings SARL, according to business intelligence platform Paper.vc . List of India's richest start up Founders and Entrepreneurs Sachin Bansal - Net Worth, Wife, Flipkart Story, Wiki, Age The angel . 6,500 crore and is still associated with the company even after the exit of Binny. Binny Bansal Bio | Co-founder of FlipKart - 6to16 Flipkart's Binny Bansal bets on Zomato cofounder's two ... The . With a net worth of $1.3 billion, Binny, along with Sachin Bansal, was named the 86th richest person in the country by Forbes in 2015. Sachin Bansal and his partner, Binny, started Flipkart from a two-bedroom apartment in Bangalore. Binny Bansal , Flipkart New Delhi: Flipkart co-founder Binny Bansal has sold his shares worth over USD 76 million (about Rs 530 crore) in the Indian e-commerce major to US retail giant Walmart. In 2007 during the early days of Flipkart Sachin Bansal and his business partner Binny Bansal used to deliver books across Bengaluru on their scooters and in October 2015 they showed up at the doorsteps of some customers, personally delivering goods in order . Salary & Net Worth - Investors, Funding, & Valuation. Sachin Bhansal is the co-founder of Flipkart and was its chief executive until January 2016, post which he assumed the role of executive chairman. In 2007, Sachin Bansal and Binny Bansal (not related) founded Flipkart whose valuation in 2018 was $20.8 billion. With net worth of Rs 1.22 billion, the Palo Alto-based family of Neha Narkhede and Confluent is the fourth and new entrant on the list. Ritesh Agarwal. Salary in 2021. With a net worth of $1.3 billion, Binny, along with Sachin Bansal, was named the 86th richest person in the country by Forbes in 2015. Binny Bansal & Sachin Bansal Net Worth - Binny Bansal - $1.3 billion, Sachin Bansal - $1 billion Founded - Flipkart Education - Graduated from IIT Delhi Sachin Bansal and Binny Bansal The round also featured participation from Better Capital, General Catalyst, Kwaish Capital, Anicut Capital alongside the company's founders - Pooja Khanna and Pankaj Chaddah. Considering the way in which Flipkart has been growing . The current sale is estimated to have reduced Bansal's holding from 3.85 per cent to 3.52 per cent. 6. Sachin Bansal (Age 38) Cofounder of Flipkart and also self-made richest person in India, Sachin Bansal's net worth stood at Rs.66 billion at the end of 2019. Flipkart co-founder Binny Bansal has sold his shares worth over USD 76 million (about Rs 530 crore) in the Indian e-commerce major to US retail giant Walmart. Here we are updating just estimated networth of Binny Bansal salary, income and assets. Flipkart co-founder Binny Bansal has sold his shares worth over $76 million (about Rs 530 crore) in the Indian e-commerce major to US retail giant Walmart. After the deal, Sachin Bansal is richer by little over Rs 6700 crore, which is not a bad deal for him. Sachin Bansal - Forbes List of Top 7 Youngest Self-made Billionaires in India Zomato Co-founder's Mindhouse bags $6 million in seed ... Flipkart Founder Binny Bansal Youngest on Forbes ... In January 2016, Binny was promoted to the post of the Chief Executive Officer (CEO) of Flipkart. In 2018, Bansal exited with Flipkart following the Walmart deal. With a net worth of around $1.3 billion, Sachin, along with Binny Bansal, was named the 86th richest person in the country by Forbes in 2015. Both are now actively investing in other startups, with Sachin Bansal focusing on the fintech space, and Binny Bansal investing in startups through his firm xto10x. Binny Bansal and Sachin Bansal. Sachin Bansal earnings during his stay at Flipkart was also a lot. Unrelated by blood, the founders of Flipkart share the same last name coincidentally. BANGALORE: The Bansals of Flipkart — Sachin and Binny — now boast of a combined net worth in excess of $1 billion, inching closer to that of Bangalore's iconic tech billionaires N R Narayana Murthy and Nandan Nilekani of Infosys. China's richest restaurateur and now a naturalised Singapore citizen, Zhang Yong, is the founder of the famous hot pot chain Haidilao. Other investors include General Catalyst, Better . Even after his exit from the company, his net worth is still associated with the company. Former Amazon executive, Sachin Bansal, teamed up with pal Binny Bansal, also a billionaire, in 2007 to found Flipkart as an online seller of books. His remuneration as 'Executive Chairman' of Flipkart was reported to be greater than Rs 10 crore. The sale has netted them Rs. Flipkart's Bansals make their debut on the Forbes India billionaire list . Sachin Bansal Net Worth. Thanks to Walmart's acquisition, Binny Bansal now has a net worth of Rs. Sachin Bansal's Net Worth is about INR 7500 Crore. In 2007, Sachin Bansal and Binny Bansal not related found Flipkart whose valuation in 2018 was $20.8 billion. Binny Bansal chose to remain with the acquired entity, and will see Flipkart into its next phase of growth. Former Amazon executive Binny Bansal teamed up with pal Sachin Bansal in 2007 to found Flipkart as an online seller of books. Premium Flipkart co-founders Binny Bansal and Sachin Bansal stands at 7th and 8th rank in the Hurun's Rich List with a net worth of ₹ 8,000 crore and ₹ 7,800 crore, respectively. 7. In the early days, Binny Bansal and Sachin Bansal were their own logistics team, riding around Bengaluru on bikes every alternate day, delivering orders. Sachin and Binny Bansal founded Flipkart, an online bookstore, which is the first e-commerce platform in India to offer COD - Cash on Delivery. Within a few years, the online marketplace revolutionised the e-commerce sector . as of 11/16/21. 1 min read . 5,500 crore . In 2018, Bansal held a 5.5 percent stake in Flipkart, which he sold to Walmart and his net worth then was a little over $1 billion. Sachin Bansal and his business partner Binny Bansal launched Flipkart from an apartment in Bangalore with 400,000 rupees ($6,500) cash. 10. After the deal, Sachin Bansal is richer by little over Rs 6700 crore, which is not a bad deal for him. Co-Founder: Flipkart Net Worth: Rs. 6,200 crore The current sale is estimated to have reduced Bansal's holding from 3.85 per cent to 3.52 per cent. Net worth: Rs. What are the . Salary: 1-5 Million: Net Worths: INR 5,400 crore: Controversies: In 2012, Sachin and Binny Bansal led homegrown e-commerce company, Flipkart, was accused of violating foreign direct investment (FDI) rules. Ola's Bhavish Aggarwal is an interesting list that Flipkart co-founders Sachin Bansal and Binny Bansal are ranked higher than Aggarwal, with his wealth more than doubled to Rs 7,500 in the year to September 15. Flipkart co-founders Sachin and Binny Bansal made their debut at 86th position with a net worth of USD 1.3 billion each. Sachin Bansal Net Worth:. We also add the controversies in this section. 5 crores to 10 crores depending on bonuses and share . The Series-A round of funding also saw participation from the Mumbai-based fast-moving consumer goods startup's existing backers, a list that includes, Flipkart cofounder Binny Bansal, Rehan Yar Khan-led early stage venture capital firm Orios Venture Partners, and a host of high net worth individuals. In September 2015, Binny Bansal along with Sachin Bansal, was named the 86th richest person in India with a net worth of $1.3 billion by Forbes India Rich List. India's dollar-billionaires list of entrepreneurs of unicorn start-ups includes names such as Byju Raveendran of Byju's, Vijay Shekhar Sharma of Paytm, Sachin Bansal . Curative wellness platform Mindhouse on Friday said it has raised USD 6 million (about Rs 44.5 crore), led by Flipkart co-founder Binny Bansal. Both have completed their graduation in Computer Science at IIT-D. Net worth of Binny Bansal is ₹60,96,67,25,000 ($950 million) as of 2015 and that of Sachin Bansal is ₹41,71,40,75,000 ($650 million) as of 2017. 6,500 crore. Even after his exit from the company, his net worth is still associated with the company. Forget. Oyo Room's Ritesh Agarwal (26 )- Affected by the COVID-19 pandemic, OYO rooms registered a decline of by 40% or ₹3,000 crore in . 6. His net worth is estimated at 4,500 crore. $1 Million - $5 Million. Ritesh Agarwal REAL TIME NET WORTH. Binny Bansal Net Worth in 2021. Sachin Bansal Income. Divyank Turakhia of Media.Net has topped a list of the most-wealthy Indians under-40 years with a networth of Rs 12,500 crore. This follows that $1 million seed round . Currently responsible for operationally driving the company and overlooks all its business areas. He held a 5.5 per cent stake in Flipkart, which was worth over a billion dollars. Both him and Binny got salaries between Rs. However, the Bansal's have had a fruitful year and have their net worth estimated at Rs 7,500 crores. 50 Lakh, which is not inclusive of bonuses and shareholdings, taking their earnings to more than 1 Million USD . In 2007, Sachin Bansal and Binny Bansal (not related) founded Flipkart whose valuation in 2018 was $20.8 billion. The founder of OYO Rooms, 26-year-old Ritesh Agarwal is the youngest entrepreneur on this list. In April 2016, Sachin Bansal and Binny Bansal were named to . Net worth: Rs. In a recent report Binny Bansal- the co founder of flipkart sold his shares worth Rs 530 Crores to Walmart. Flipkart co-founders Binny Bansal (37) and Sachin Bansal (39) - Flipkart founders Binny Bansal and Sachin Bansal stands at 7th and 8th rank in the Hurun's Rich List with a net worth of Rs 7,500 crores each. In 2018, Bansal exited Flipkart following the Walmart deal. Answer (1 of 4): Yes! In 2018, Bansal held a 5.5 per cent stake in . Rajaram remained on the top for a few years as India's richest entrepreneur. This has led his net worth to increase by 117% and is now estimated at Rs 7,800 crores. He held the position of chief executive officer and executive chairman till 2018. Flipkart's Binny Bansal is the youngest on the list at 32 years. With the company valuation pegged at $15 billion in 2015, both Sachin and Binny Bansal are in for . 2.6 Award and Recognition: In September 2015, Bansal along with Sachin Bansal, was named the 86th richest person in India with a net worth of $1.3 billion by Forbes India Rich List. In January 2016, Binny was promoted to the post of the Chief Executive Officer (CEO) of Flipkart. Within a few months, the orders were up . $1.2B. Salary: 2-5 Million : Net Worth: INR 5,400 crore: Controversies: In 2012, Binny and Sachin Bansal led homegrown e-commerce company, Flipkart, was accused of violating foreign direct investment (FDI) rules. In 2016, Sachin and Binny Bansal were named among 100 most influential people by TIME. In 2017, India Today ranked him in the 26th position along with Sachin Bansal among the 50 most powerful people. Flipkart co-founder Binny Bansal has sold his shares worth over $76 million (about Rs 530 crore) in the Indian e-commerce major to US retail giant Walmart. In January 2016, Binny was promoted to the post of the Chief Executive Officer (CEO) of Flipkart. Like his friend and partner Binny Bansal, Sachin Bansal earns a base salary of INR 50 lakhs ($78000) which is not inclusive of bonuses and share holdings, taking their earnings to more than 1 million USD. Mindhouse, a Gurgaon-based wellness platform, has secured a $6 million seed round backed by Binny Bansal. Binny's income mostly comes from and basic source is being a successful Indian Computer scientist. Sachin Bansal: Sachin Bansal, co-founder of Flipkart is an IIT Delhi graduate who co-founded the e-commerce company in 2007. Most of the 45 entrants in the 'IIFL Wealth-Hurun India 40 and Under . The fresh $1-billion fund raise values the Bansals' combined stake of approximately 15% at over Rs 6,000 crore. The duo of Sachin and Binny . Jump to navigation. India's leading e-retailer Flipkart's co-founders Sachin Bansal and Binny Bansal are the latest billionaires in the country, with $1.3 billion (Rs.8,582-crore) net worth each, according to leading business magazine Forbes India' rich list released on Wednesday. With a net worth of $1.3 billion, Binny, along with Sachin Bansal, was named the 86th richest person in the country by Forbes in 2015. Initially, Flipkart was an online bookselling platform and later the duo scaled the start-up into one of India's leading e-commerce marketplace, selling everything from toys to television. 7,100 crore. This follows that $1 million seed round . Sachin Bansal and Binny Bansal made it big through Flipkart, managing to sell their startup to Walmart at a valuation of $21 billion. Along with Binny Bansal, has backed startups like Ather Energy, InShorts, Tracxn, and Tinystep among others. Both the founders of Flipkart, Binny Bansal and Sachin Bansal, made it to the list with a net worth of Rs 5,400 crore each. New Delhi: Flipkart co-founder Binny Bansal has sold his shares worth over USD 76 million (about Rs 530 crore) in the Indian e-commerce major to US retail giant Walmart. Dhiraj Rajaram: MuSigma. Net worth: Rs. It become released manner returned in 2007 as an internet book-promoting platform. (as of 2020) Also read: Devita Saraf (Vu Technologies founder), Wiki, Age, Net Worth, Boyfriend, Family and more . 5. Pandorum Technology, a biotechnology startup focused on tissue engineering has raised Rs 21 crore in its Series A funding round from the likes of early backers Binny Bansal, Indian Angel Network and other high net-worth individuals (HNIs). Frequently Ask Questions. Sachin Bansal: Sachin Bansal, co-founder of Flipkart is an IIT Delhi graduate who co-founded the e-commerce company in 2007. Bansal transferred more than 5.39 lakh of his Flipkart shares to Walmart's Luxembourg-based entity -- FIT Holdings SARL, according to business intelligence platform Paper.vc. Binny Bansal. After the deal, Sachin Bansal is richer by little over Rs 6700 crore, which is not a bad deal for him . In the e-commerce world there has been a lot of turbulence going on since last year. Sachin Bansal's held a stake of 5.5% in Flipkart when Walmart acquired the company. Sachin was bestowed with the Economic Times "Entrepreneur of the Year" Award in 2012. 6,500 crore. Flipkart founders Sachin and Binny Bansal, who earned dollar billionaire status last year and whose wealth has fallen with successive markdowns of their firm's valuation, are among the 31 Indian billionaires who are out of the Hurun Global Rich — Indian billionaires report.. Eleven of the 31 have lost their billionaire status since demonetisation. Oyo Room's Ritesh Agarwal (26 )- Affected by the COVID-19 pandemic, OYO rooms registered a decline of by 40% or ₹3,000 crore in its . The duo, who share the same surname but are not related, pooled $6,000 . According to Forbes, Binny Bansal has a net worth of $ 1.3 billion. India Today ranked him 26th along with Sachin Bansal in India's 50 Most powerful people of 2017 list. The four-member Murthy family has a net worth . Ofcourse. 6,500 crore. With a wealth of Rs 7,500 crore, founders of Flipkart, Binny Bansal and Sachin Bansal are seventh on the list of youngest billionaire in India. 74.43), which is far more than $2.9 billion, as valued by Forbes earlier. Sachin Bansal Net Worth Sachin Bansal was born on August 05, 1981 in India. 9. [20] India Today ranked him #26th along with Sachin Bansal in India's 50 Most powerful people of 2017 list. Flipkart Net Worth is $37.6 billion: Flipkart is an e-trade website and app which may be easily utilized by anyone. Net worth: $1.2 billion. Others in the list were Byju Raveendran's brother Riju Raveendran (Rs 7,800 crore net worth), Binny Bansal (Rs 7,500 crore), Sachin Bansal (Rs 7,500 crore), Ola's Bhavish Aggarwal (Rs 3,500 . With the company valuation pegged at $15 billion in 2015, a net worth of $1.7 Billion with a 7.5% stake in the company. Binny Bansal, Sachin Bansal. Ironically these IIT Delhi graduates used to be ex-employees for Amazon. The total net worth of Binny Bansal is INR 5,400 crore. In 2018, Bansal held a 5.5 per cent stake in . It is based in Bangaluru . Sachin Bansal Net Worth in 2021 is 1.2 Billion Dollars.He was the CEO and Chairman of Flipkart. Zhang Yong. His entire stake was bought out for 1.1 billion USD, which works out to be Rs 7500 - 7700 crore. 1 / 22. In 2018, Bansal held a 5.5 percent stake in Flipkart, which he sold to Walmart and his net worth then was a little over $1 billion. Sachin and Binny Bansal were named among the 100 most influential people by TIME in 2016. Sachin Bansal income comes from the selling of his Flipkart stake to Walmart. Thanks to Walmart's acquisition, Binny Bansal now has a personal net worth of Rs. NET WORTH: US$23B. Net worth - $1.2 billion Global ranking - 1476 Binny Bansal is the co-founder of India's largest e-commerce platform Flipkart and took over as its chief executive in January 2016. Former Amazon executive, Sachin Bansal, teamed up with pal Binny Bansal, also a billionaire, in 2007 to found Flipkart as an online seller of books. Sachin and Binny are worth Rs. Flipkart co-founders Binny Bansal (37) and Sachin Bansal (39) - Flipkart founders Binny Bansal and Sachin Bansal stands at 7th and 8th rank in the Hurun's Rich List with a net worth of Rs 7,500 crores each. It posted a net loss of Rs 1.01 lakh during FY19. The 38-year-old Bansal got more than $1 billion after he sold his 5.5 percent stake in Flipkart which he had set up with fellow IITian Binny Bansal when it was acquired by American retail giant . Sachin and Binny Bansal were named among 100 most influential people by TIME in 2016. Global ranking: 1476. Sachin Bansal stepped down as the CEO of Flipkart earlier this year to . 6. 3) Sachin Bansal, 34 and Binny Bansal, 31: The #Flipkart founders seem to be unstoppable after the acquisition of Mynta as well as Jabong. He held the position of chief executive officer and executive chairman till 2018. Bansal transferred more than Rs 5.39 lakh of his Flipkart shares to Walmart's Luxembourg-based entity — FIT Holdings SARL, according to business intelligence platform Paper.vc. Leading Indian e-retailer Flipkart-'s co-founders Sachin Bansal and Binny Bansal are the latest billionaires in the country, with $1.3 billion (Rs.8,582 crore) net worth each, according to leading. Binny, along with Sachin Bansal, founded Flipkart in 2007 with Rs 4 lakh and operated out of a flat. Aug 12, 2021 Flipkart Income, Flipkart Net Worth, Flipkart Net Worth 2021, Flipkart revenue, Flipkart Top share holders. And again in 2020, Forbes featured him as the 62nd richest person in India and his net worth is $2.3 billion. Along with his IIT-Delhi batchmate Sachin Bansal, Binny (R) founded Flipkart in 2007. Others in the list were Byju Raveendran's brother Riju Raveendran (Rs 7,800 crore net worth), Binny Bansal (Rs 7,500 crore), Sachin Bansal (Rs 7,500 crore), Ola's Bhavish Aggarwal (Rs 3,500 . 9010 crore each. 9 /10. Sachin Bansal - net worth and salary. Description: Flipkart is an e-commerce company started by the Sachin Bansal and Binny Bansal in 2007. 6 / 8. Meet them Binny Bansal and Sachin Bansal. In 2018, Bansal held a 5.5 percent stake in Flipkart, which he sold to Walmart and his net worth then was a little over $1 billion. It incurred Rs 1.67 crore total expenses, out of which Rs 1.32 crore were spent on employees benefit. Bansal transferred more than 5.39 lakh of his Flipkart shares to Walmart's . He has ranked as the 86th richest person in India according to Forbes India in 2015, he is a successful billionaire of India as Flipkart was acquired by Walmart at $16 billion in 2018, which increases his net worth to $1 billion. Sachin and Binny Bansal were named among the 100 most influential people by TIME in 2016. 4) Kavin Bharti Mittal, 27: Sachin Bansal, cofounder Flipkart Net worth: Rs. The Bansals, who founded Flipkart in 2007, debuted at the 86th position with a net worth of $1.3 billion each, Forbes said. Sachin's Basic salary is Rs. 7,500 crore each.

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