Everything Tech. Choose your reason below and click on the Report button. Sachin Bansal to start new company, Focus on stage startups. See the complete profile on LinkedIn and discover Sachin’s connections and jobs at similar companies. Sanchita Dash. Sachin Bansal is an Indian billionaire technology entrepreneur. BENGALURU: Flipkart cofounder Sachin Bansal has registered his holding company BAC Acquisitions Private Limited in Koramangala, according to filings with the corporate affairs ministry, signalling his return to the city’s original startup hub. Earlier this month, Flipkart’s ex-CEO and one of India’s best-known […] View Sachin Bansal’s profile on LinkedIn, the world's largest professional community. If you continue to use this site we will assume that you are happy with it and agree to our terms of service. In 2018, Bansal held a 5.5 percent stake in Flipkart, which he sold to Walmart and his net worth then Bansal, whose comments came during a session of the The company’s management confirmed that they’re planning to scale Navi’s operations, in order to make it a full-fledged financial services platform that will be offering affordable loans, insurance packages, and the opportunity to invest in mutual funds. Sachin Bansal and Ankit Agarwal have registered a new company. This will alert our moderators to take actionSachin Bansal's new company to focus on early stage startups, launch new businessesCopyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. In October 2007, Bansal and his co-founder, Binny Bansal, started an online bookstore, Flipkart, with an initial capital of ₹400,000 (US$5,600).In December 2018, Bansal founded BAC Acquisitions Private Limited, a venture that focused on building and acquiring technology-driven businesses in diverse industry verticals.Sachin acquired the general insurance brand COCO, previously owned by the housing finance company Deewan housing finance limited, through his company Navi technology in 2020.Sachin Bansal is married to Priya Bansal, a dentist by training and profession.In March 2020, Sachin Bansal's wife Priya Bansal filed a dowry harassment case against him alleging physical assault and pressure to transfer properties to his name. Flipkart is an Indian e-commerce company based in Bangalore, Karnataka, India.It was founded by Sachin Bansal and Binny Bansal in 2007.
Binny Bansal is also launching his new startup— XTo10X Technologies
The name of the company is a combination of their first names, and as per the incorporation records, the the company lists its vertical as “Business Services”.
Since then, he’s been focused on establishing Navi Technologies. Billionaire Sachin Bansal is returning to an executive role, more than a year after he left e-commerce company Flipkart. Sachin Bansal and Ankit Agarwal have registered a new company. He is best known as the co-founder of Flipkart, that was acquired by Walmart at $16 billion in 2018. Tag: sachin bansal new company. Latest Update. Binny Bansal, who still holds 4% of Flipkart, has kept a low profile since his ouster from the company. ... India reports over 45,000 new coronavirus cases in the last 24 hours.
He claims that Navi has been consistently offering credit to many different entities across India.He’s confident that the firm’s credit appraisal process works effectively and believes that Navi will be able to firmly establish its presence in India’s lending sector. Bengaluru: Flipkart co-founder Sachin Bansal said his new venture Navi was already close to becoming the largest digital lending app in India, within 3 months of launch. However, interestingly, the way (Sachin) Bansal is going about his new startup is akin to another cofounder who faced an unceremonious exit from the company he cofounded — Uber’s Travis Kalanick.
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