1.Sachin Bansal was born on
August 5, 1981.Chandigarh, the
capital city of Haryana.
2.He graduated from
the Indian Institute of
Technology Delhi with a degree
in computer engineering.
3.Techspan for just 5 months
(August 2005 – December
Engineer (January 2006 –
September 2007) on project
Flexible Payments atAmazon
1.Binny Bansal is from
Chandigarh and has
graduated from the Indian
Institute of Technology
Delhi with a degree in
Computer Science and
Flipkart, Binny was
previously employed with
Amazon after getting
rejected by Google twice
Every creation has an innovation
Rise of Flipkart
1.Good opportunity in the market around e-
commerce. Also, regular job was not as
2.They started flipkart.com because they
themselves felt the need for a good online book
3.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.
Why did they choose to be an Entrepreneur…?
1.An attractive neutral name
2.They were looking at names that did not
just speak of books alone, but one that
could suit any category of Products that
we may add in future.
3.Also, they wanted to have a catchy name
with high recall potential.
Flipkart could in simple terms mean
‘Flipping things into your Kart’.
1.Flipkart.com is a story of
the two young graduates from
2.Start as a price comparison
platform, but there weren't
enough e-commerce sites to
compare-thought, “why not
start an e-commerce site?”
-genesis of Flipkart-Rs. 4
Lakh -started to make a
3.On 5th september 2007 URL
i.e Flipkart.com for the first
time apartment room.
Get tie-ups with the major book
vendors as they did not have an off-
line book store.
Get the approval for the credit card
payment gateway. They did want to
use CC Avenue as their interface is
So they had to convince Axis Bank
for the payment gateway and that
was not easy given the fact that they
are a self-funded startup and they
don’t have an offline presence….
The journey was quite challenging.
They started by identifying people who could
trust us initially and slowly built upon our good
business relations with them. They had assumed
a lot of things, especially around marketing.
When those assumptions turned out to be
incorrect the business model had to be changed.
They have changed directions multiple times and
have taken each mistakes a learning
appliances, health care
Life style products,
MIME260, a digital content platform company.
Chakpak.com is a Bollywood news site
Letsbuy.com is India's second largest
e-retailer in electronics.
Flipkart has bought the company for
an estimated US$25 million.
Featured in Business Today as one of the top
25 startups of 2009
Nominated for Ernst and Young award for the
best entrepreneur award of 2010
recorded repeat purchase rates of more than
as per Alexa traffic rankings,Flipkart is among the
Indian Web sites
credited with being India's largest online
bookseller with over 11million books
Flipkart.com, on August 24, 2012 announced the
completion of its 4th round of $150 million funding
from MIH (part of Naspers Group) and ICONIQ Capital
Flipkart business report as follows:
revenue in millions