Binny Bansal net worth as Per 2024 of 140 crores USD reflects his journey from Flipkart co-founder to investor. The article details his and Sachin Bansal’s ventures, concluding with a $270 million net worth.
Binny Bansal Net Worth
As of 2024, Binny Bansal’s net worth is reported to be 140 crores USD. This net worth represents the total value of his assets, investments, and financial holdings.
In the context of Binny Bansal, a significant portion of his net worth likely comes from his involvement in the eCommerce industry, particularly his co-founding and leadership roles at Flipkart.
Who Is Binny Bansal ?
Binny Bansal Known for co-founding Flipkart, Binny Bansal is a big name in the e-commerce world. Born in 1983 in Chandigarh, India, he started his journey from studying computer science to becoming a successful entrepreneur.
After getting his Computer Science degree from IIT Delhi in 2005, Binny kicked off his career at Sarnoff Corporation, a tech consulting company in the U.S. In just over a year, he soaked up valuable tech knowledge.
In 2007, he made a smart move by joining Amazon, a global eCommerce giant. During his 9 months there, he honed his skills and learned the ropes of the eCommerce industry.
Binny Bansal’s journey reveals a well-thought-out approach from working in tech to co-founding one of India’s most successful eCommerce platforms. It’s a story of calculated steps in the dynamic world of online retail and technology.
Sachin Bansal And Binny Bansal Relationship
Sachin Bansal and Binny Bansal, the co-founders of Flipkart, made big moves after selling their shares to Walmart. Sachin sold 5.5% of his shares for 1 billion dollars, around Rs 7000 crore.
Now, he’s turned into a full-time investor, running a private equity company called BAC Acquisitions. In 2018, he invested in 10 tech startups.
Sachin Bansal and Binny Bansal, the co-founders of Flipkart, made big moves after selling their shares to Walmart. Sachin sold 5.5% of his shares for 1 billion dollars, around Rs 7000 crore.
Now, he’s turned into a full-time investor, running a private equity company called BAC Acquisitions. In 2018, he invested in 10 tech startups.
In 2019, Sachin made his biggest investment of 650 crores in Ola Cabs and also put 500 crores into two other startups, ALTICO and INDOSTAR.
Surprise, surprise! Sachin is secretly working on opening his bank, aiming to make it different from regular banks.
On the other hand, Binny Bansal sold more shares than Sachin, getting 1.2 billion dollars, about Rs 8400 crore.
After leaving Flipkart, he started his investor journey by putting 450 crores into an insurance startup called ‘Acko’.
Binny is also helping former Flipkart employees by giving them 200 crores for their new private equity company that invests in startups.
One cool project he’s into is Nimble Labs, working on a cooking robot named ‘Julia’. Binny’s not just funding; he’s hands-on with the team, making sure Julia becomes a reality.
Flipkart Owner Net Worth
Binny Bansal played a vital role in making Flipkart successful. He focused on keeping customers happy and bringing in new technology ideas that helped Flipkart become a leader in the market.
He led the way in introducing cool things like Cash on Delivery, a 30-day replacement policy, and a special program called Flipkart First, where users could get exclusive benefits.
Before the CEO in 2016, Binny was the Chief Operational Officer, handling the day-to-day stuff. As CEO, he took charge of running the business, planning its growth, and giving it a clear direction. Later, in 2017, he became the CEO of the entire Flipkart Group.
Flipkart made some smart moves under Binny’s watch. They bought Myntra, an online clothing store, for a whopping $280 million in 2014. Even later, in 2016, they added Jabong.com to their shopping cart for $70 million.
Then, in 2018, Walmart bought a big chunk of Flipkart – 77%, to be exact. Binny didn’t step back; he became the Group CEO and also took on the role of chairman. After this big business move, Binny’s 5.5% share in Flipkart was valued at a massive $1 billion.
Sachin Bansal And Binny Bansal Net Worth
The reported combined net worth of Sachin Bansal and Binny Bansal is 270 crores USD. Sachin’s net worth is 130 crores USD, while Binny’s is 140 crores USD.
These figures encompass their assets, investments, and financial holdings, primarily associated with their roles in co-founding and leading Flipkart in the Indian eCommerce sector.
- Sachin Bansal Net Worth (130 crores USD): Sachin Bansal’s net worth is reported to be 130 crores USD. This figure represents the total value of his assets, investments, and financial holdings. Sachin Bansal, much like Binny Bansal, has been a key figure in the Indian eCommerce sector, particularly as the co-founder of Flipkart. His wealth may be comprised of shares in Flipkart, other investments, and possibly real estate or other financial instruments.
- Binny Bansal Net Worth (140 crores USD): Binny Bansal net worth is reported to be 140 crores USD. Similar to Sachin, Binny Bansal’s wealth is likely associated with his role in co-founding and leading Flipkart, along with other investments and financial assets.
Binny Bansal Net Worth In Rupees
Binny Bansal net worth is reported to be 1,16,37,01,70,000.00 Indian Rupees as of 2024, which means he is estimated to have assets, investments, and financial holdings equivalent to this amount.
- Assets and Investments: Binny Bansal’s net worth includes the value of his assets, which could be in the form of shares, real estate, and other investments. This figure suggests the total worth of all these assets combined.
- Business Ventures: As a co-founder of Flipkart and his involvement in various business ventures, a significant portion of Binny Bansal’s net worth could be tied to the success and valuation of these enterprises.
- Market Conditions: Net worth is influenced by market conditions, including the valuation of businesses, stock prices, and other financial instruments. Changes in these factors can impact the reported net worth.
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Binny Bansal Net Worth In Billions
Binny Bansal net worth is reported to be 1.4 billion USD. Binny Bansal’s significant wealth is likely tied to his role as a co-founder of Flipkart and other successful business ventures. The valuation of these enterprises contributes to his overall net worth.
Sachin Bansal Net Worth In Rupees
Sachin Bansal’s net worth is reported to be 1,08,05,80,15,000.00 Indian Rupees, which means he is estimated to have assets, investments, and financial holdings As Of 2024.
Conclusion:
Sachin and Binny Bansal, co-founders of Flipkart, transitioned from leading India’s top eCommerce platform to successful investors.
Sachin sold 5.5% for $1 billion, focusing on startups and planning his bank.
Binny sold more, got $1.2 billion, and ventured into insurance, startups, and a cooking robot project. Their combined reported net worth is $270 million.
