Successful Entrepreneur Sachin Bansal & BINNY BANSAL

WHY THEY CHOOSE ENTERPRENEURSHIP They saw a good opportunity in the market around e-commerce. Also, regular job was not as challenging. The excitement and satisfaction that comes with building something of a long lasting value is addictive enough for them to continue this. They started flipkart.com because they themselves felt the need for a good online book store. E-commerce sector is one of the toughest to get into in India. They believe that they can make a difference here. They wanted to create something which has a long lasting value and which we can be proud of. According to Sachin (CEO of Flipkart.com) at this point in our life we can devote our entire time and energy to flipkart which is very important for any start-up….

INTRODUCTION Born on Aug. 5 1981 . Sachin Bansal is an Indian Software engineer and Internet entrepreneur. Known for co-founding India's largest e-commerce platform Flipkart. Sachin is from Chandigarh . Graduated from the Indian Institute of Technology Delhi with a degree in computer engineering.

INTRODUCTION Flipkart was founded in 2007 by Sachin Bansal(26) and Binny Bansal(25), both alumni of the Indian Institute of Technology Delhi, computer science graduates from the 2005 batch. Sachin worked at Techspan for 6 months and then at Amazon India for a year and a half. Binny worked at Sarnoff India for a year and a half and then at Amazon India for 8 months. They quit their jobs in September 2007 to begin our startup journey. Flipkart.com was founded on 5th Sept 2007. The website was launched on 15th Oct 2007. Flipkart has grown into a online retail giant in just five years.

PERSONAL LIFE Sachin Bansal is originally from Chandigarh, the capital city of Punjab and Haryana. His business partner, Binny Bansal, is also from Chandigarh. Although they share the same last name, they are not related. They both completed their schooling at St. Anne's Convent School, Chandigarh and coincidentally, were students of computer science engineering at Indian Institute of Technology Delhi.

PROGRESSIVE JOURNEY Bansal graduated from IIT in 2005 and joined a company called Techspan where he served for a few months. In 2006, he joinedAmazon.com India as Senior Software Engineer. Binny Bansal also worked at Amazon.com India at this point. They initially thought of starting a comparison search engine, but realized that the market for E-commerce in India was very small. Hence, after leaving Amazon in 2007, they founded Flipkart as an e-commerce company.

Flipkart progressive journey Flipkart is an e-commerce company founded in 2007 by Sachin Bansal and Binny Bansal. It is registered in Singapore and it operates in India, where it is headquartered in Bangalore, Karnataka.[4] Flipkart has launched its own product range under the name "DigiFlip" with products including tablets, USBs, and laptop bags. In May 2014, Flipkart received $210 million from DST Global, in July 2014 it raised $1 billion led by existing investors Tiger Global and South Africa's media group Naspers and in May 2015 it raised $550 million from some of its existing investors. Flipkart's last fundraising round in May 2015 had pegged its valuation at $15 billion.

Challenges Faced Because of cut throughout competition flipkart faces losses many times . Due to International competitor such as amazon.com , ebay.com, alibaba.com flipkart has to change its strategy according to the competition . Delivery in a rural areas . Logistics & supply chain. Payments Large value in India is cash based. Market size/clv margins.

Thank you..