Search results
In 2018, Bansal held a 5.5 per cent stake in Flipkart, which he sold to Walmart and his net worth then was a little over $1 billion. [7] Sachin Bansal is now the managing director of Navi Group, a financial services company.
People also ask
Why did Sachin Bansal leave Flipkart?
How much money did Bansal and Wal-Mart spend on Flipkart?
Why did Sachin & Binny leave Flipkart?
What is Sachin Bansal net worth?
May 18, 2018 · Sachin Bansal, co-founder and then chairman of Flipkart, along with Lee Fixel and other representatives of the company were hunkered down in Arkansas, home of retail giant Walmart Inc. They...
Sep 26, 2019 · Flipkart co-founder Sachin Bansal made a billion dollar exit from Flipkart in 2018 after the Indian e-commerce giant got acquired by US-based retail chain Walmart.
- Shreya Ganguly
- Former Features Writer
Jan 11, 2024 · However, in 2018, Sachin Bansal made a surprising and controversial exit from Flipkart, after the company was acquired by US-based retail giant Walmart for $16 billion.
May 15, 2020 · Sachin had served as Flipkart’s CEO until 2016 when Binny took over the reins and remained the CEO until their exit from Flipkart in 2018. While their exit was seen as controversial by many media outlets and people in the Indian Startup Ecosystem, the two have moved on to start their own ventures.
2 days ago · In 2018, Wal-Mart bought a 77% stake in Flipkart for $16 billion in what was the world's biggest deal for an internet firm. Bansal cashed out, selling his minority stake for $1 billion.
Sachin Bansal founded Navi in 2018, just months after quitting Flipkart. Here's what he said on his startup and working from home.
