Binny Bansal is an Indian billionaire Internet entrepreneur. In 2007 he co-founded the e-commerce platform Flipkart with Sachin Bansal and served as the chief operating officer until 11 January 2016 and was then promoted to chief executive officer. Binny tried twice for a job at Google but was rejected each time. He was then hired by Amazon as a software engineer in January 2007. Only after 9 months of his employment with the online store, Binny and fellow Amazon employee Sachin Bansal called it quits and began making plans to launch their own online bookstore, named Flipkart.
By November 2007, the duo, with a combined investment of INR 5 lakh, was ready with their business venture. While Sachin Bansal was designated the leader and the public face of the company, Binny took charge as the operations chief. When the two began operations in Bangalore, they would themselves pack and deliver books on their scooters. Flipkart, which began as only a bookstore, slowly grew and incorporated products from multiple categories, including Fashion, Electronics, Sports, Electrical Appliances, etc.
Despite running a successful multi-million dollar business, a humble Binny underwent personality training and leadership coaching in 2014. Flipkart is the first e-commerce company in India to offer “Cash on Delivery”. With a net worth of $1.3 billion, Binny, along with Sachin Bansal, was named the 86th richest person in the country by Forbes in 2015. Sachin and Binny Bansal were named among the 100 most influential people by TIME in 2016. In January 2016, Binny was promoted to the post of the Chief Executive Officer (CEO) of Flipkart. However, a year later he was replaced by former Tiger Global Management executive Kalyan Krishnamurthy. The two were ranked #26 on India Today’s 50 Most Powerful People of 2017 list.
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