Technology
The Bansal Brothers - A story every Indian should know!
The Bansal brothers - namely Sachin Bansal and Binny Bansal are the founders of the most popular online Flipkart. These brothers never thought that they would turn in to Billionaires while they started the earliest online store of India. During a time when the Indians were unaware of online shopping, these champs brought about a revolution into our market. Soon the Indians started buying anything and everything online. Starting from socks to high end computers, everything is shopped online today. Raising a challenge to the retailers of our country, e-commerce sites has emerged to a very large extend. We now have more than 50 online shopping stores functioning around us.
Flipkart emerged as the largest and the most popular online store and continues to stay the best even as global players like Ebay and Amazon has entered our market. With an initial investment of about 400,000, the Bansal brothers have now grown to be millionaires. Now Flipkart has a revenue of 11.8 Billion which is the largest among the online stores in India. Flipkart was founded in 2007 by Sachin Bansal and Binny Bansal, both alumni of the Indian Institute of Technology Delhi. They had been working for Amazon.com previously. The business was formally incorporated as a company in October 2008 as Flipkart Online Services Pvt. Ltd. During the initial period, they concentrated only on books and later expanded to almost anything that you'd look into buying. Flipkart has also launched their flagship brand Digiflip which deals with pouches and bags.
This is a story that every aspiring entrepreneur of our nation should read. It is a story of hard-work and dedication along with innovative ideas. The story of a company started with an initial investment of Rs 4 lakhs is simply amazing and inspiring too for many aspiring entrepreneurs. The only milestone they had in front of them was to make their customers happy. The worked to provide timely delivery and up to the mark after sales delivery. While they watered the tree, the fruits started growing up. Co-Founder of Flipkart, Sachin Bansal got Entrepreneur of the Year Award 2012-2013 from Economic Times, leading Indian Economic Daily. Flipkart.com was awarded Young Turk of the Year at CNBC TV 18′s ‘India Business Leader Awards 2012′ (IBLA). Flipkart.com, secured second position in the List of Cheapest Mobile Store 2013, compiled by Indian e-commerce observer Zoutons.com. And above all these, it is the name Flipkart that every Indian knows, their achievement.
It is not how much you invest or how big you start that determines your future, but it is the hard-work and innovative ideas that trigger success. The Bansal brothers are one of the best examples that you can rise from ashes. They had nothing while they started. But now they are the best online store in India, while the global giants like Ebay and Amazon are mere miniatures.
Definitely these are Indians who have made us proud, and here is a bonus - Sachin Bansal and Binny Bansal are related in no way.
Flipkart emerged as the largest and the most popular online store and continues to stay the best even as global players like Ebay and Amazon has entered our market. With an initial investment of about 400,000, the Bansal brothers have now grown to be millionaires. Now Flipkart has a revenue of 11.8 Billion which is the largest among the online stores in India. Flipkart was founded in 2007 by Sachin Bansal and Binny Bansal, both alumni of the Indian Institute of Technology Delhi. They had been working for Amazon.com previously. The business was formally incorporated as a company in October 2008 as Flipkart Online Services Pvt. Ltd. During the initial period, they concentrated only on books and later expanded to almost anything that you'd look into buying. Flipkart has also launched their flagship brand Digiflip which deals with pouches and bags.
This is a story that every aspiring entrepreneur of our nation should read. It is a story of hard-work and dedication along with innovative ideas. The story of a company started with an initial investment of Rs 4 lakhs is simply amazing and inspiring too for many aspiring entrepreneurs. The only milestone they had in front of them was to make their customers happy. The worked to provide timely delivery and up to the mark after sales delivery. While they watered the tree, the fruits started growing up. Co-Founder of Flipkart, Sachin Bansal got Entrepreneur of the Year Award 2012-2013 from Economic Times, leading Indian Economic Daily. Flipkart.com was awarded Young Turk of the Year at CNBC TV 18′s ‘India Business Leader Awards 2012′ (IBLA). Flipkart.com, secured second position in the List of Cheapest Mobile Store 2013, compiled by Indian e-commerce observer Zoutons.com. And above all these, it is the name Flipkart that every Indian knows, their achievement.
It is not how much you invest or how big you start that determines your future, but it is the hard-work and innovative ideas that trigger success. The Bansal brothers are one of the best examples that you can rise from ashes. They had nothing while they started. But now they are the best online store in India, while the global giants like Ebay and Amazon are mere miniatures.
Definitely these are Indians who have made us proud, and here is a bonus - Sachin Bansal and Binny Bansal are related in no way.
Here is how their relationship emerged - ''My business partner, Binny, is also from Chandigarh. We are not related in any way, it just happens to be a coincidence that we are now working on Flipkart together. We both grew up in Chandigarh and went to the same schools yet did not know each other well. I went to the Indian Institute of Technology in Delhi, where I studied computer science, and that is where I really got to know Binny because he was studying computer science as well. We graduated from IIT in 2005, and we took different jobs in Bangalore. I joined a company called Techspan. Our paths converged again in 2006 when we both joined Amazon.com India.''
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