Co-founders of Flipkart, Sachin Bansal and Binny Bansal are the newest entrants in the Forbes list of richest Indian billionaires. With a net worth of $1.3 billion the Bansals debuted at the 86th position in the list, according to Forbes.
Journey of Bansal Brothers:
1.Sachin Bansal is an Indian Software engineer and Internet entrepreneur,known for co-founding India's largest e-commerce platform Flipkart.Both were students of computer science engineering at Indian Institute of Technology Delhi and both worked at amazon.com for quite some time.
2.The first product sold by them was the book Leaving Microsoft To Change The World, bought by VVK Chandra from Andhra Pradesh. Flipkart now employs more than 33000 people.
3.Flipkart launched pre-paid wallet to store money online.It was an initiative to make online payments easier and more secure for customers.
4.The company launched Flyte, an online digital music store. Flyte was a one-stop shop for all kinds of music in all languages. Music was available at a price ranging from Rs 6 to Rs 15 per song on the platform.
5.Flipkart acquired the rights to Chakpak's digital catalogue which includes 40,000 filmographies, 10,000 movies and close to 50,000 ratings.
6.Launched PayZippy, an online payment solution for its Indian merchants.
7.Flipkart launched an Android app for its customers which offered them with an ability to browse and purchase products from their smartphones.
8. Acquired Myntra.com in an estimated ₹ 20 billion,this deal was marked as its biggest consolidation in the e-commerce space.
9.E-commerce major Flipkart's co-founders Sachin Bansal and Binny Bansal, along with some others investors, invested $3,50,000 in real estate start-up 'Plabro Networks'.
10.Company has set the target to reach a GVM of $8 billion, add 100,000 sellers on its platform and sell 25 million products per month by the end of 2015.The company is also said to have set a target of selling 1 billion goods in a year by the end of 2017.
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