Sachin Bansal short biography

 It was a 10,000 a month allowance from their parents for almost 18 months that helped such an Munsell and Binny Bansal launched an e-commerce website retailing books in October 2007 today the company that they started with just an investment of all aggravates is valued at almost fifteen billion dollars India is now shopping like never before at Flipkart is the hot destination of every internet Shopaholic the mastermind behind this idea add one of the first people to establish an e-commerce website in India as such and bunsen an IIT graduate and a businessman who created something of a history in the great Indian internet shopping revolution and made lies a lot easier than what it used to be earlier this is the story of Flipkart's founder Sachin Bansal an IIT graduate for the computer science engineering degree would certainly have a sparkling bright future especially in the era that software was on a rise similarly soon after such an completed graduation he bagged the job in text back and later he worked with one of the biggest e-commerce websites in the world Amazon such an Munsell and Binny Bansal studied together in the IIT and they both met again at Amazon and that was when they decided that it was time to start India's own e-commerce website their brain child is flipkart.com the e-retail company that went on to become the country's first and the biggest in less than six years haha just like most big business Flipkart started off small both the founders Sutton and Binny Bansal was not really sure of the idea in the early day the two founders delivered books to their customers themselves on their scooters though they do not get initial traction they dare to started off just because they thought that the internet shopping scene in India deserved to be better favoured I even gave away pamphlets of their company outside bookstores when clip card was only selling books at the beginning post many difficulties in the initial stages of getting the book vendors to tie up and permissions for the credit card payment gateway flip card slowly expanded its operation one can easily call that as a risky move in a country but people have various choices and preferences and e-commerce startup will always have enormous challenges in India people often prefer to shop from the local store and buy goods that busy and lie but Flipkart turned every no into a yes and transform the whole shopping ecosystem in India in the first few years of its existence Flipkart raised funds through venture capital funding as the company grew in stage more funding arrived Flipkart repaid the investors faith but terrific performances year after year and the financial year of 2008 to 2009 Flipkart made sales to the tune of 40 million Indian rupees is soon increased to 200 million Indian rupees the following year since then there has been no stopping to flip back and they're increasing exponentially year after year their last sound of fundraising had increased their value to 15 billion dollars as of February 2016 according to Morgan stamp their estimated value stands at 11 billion dollars every big business has got a few hiccups the only thing flip card lag in its entire system was to give an opportunity to the user to look and feel the product well flip card is facing a tough competition in dart sector as startups like local job shop City and skirts are all providing the look and feel extreme but reaching a stage what flip card is add today will not be an easy task for these emerging startups to avoid such kind of cutthroat competition flip card also acquired a few companies like mint.com leads by dot-com among others to better their presence in the market the entry of Amazon darted in India the competition between the companies has seen many take off well flip cards early from a small book retailer to India's largest e-commerce platter inspires a generation of startups in a country where stereotypes are common Flipkart managed to break the norm and change the e-commerce industry in India forever there's one thing is for sure at Flipkart and its founder sutton bunsall story proves that if you have a great idea and you are a doer and not a thinker success is not far off mark Zuckerberg was a Harvard freshman with a gift for computer program less than a decade later he's the face of a multi-billionaire power broker that connects.