Sachin Bansal and Binny Bansal are co-founders of Flipkart, which was founded in 2007 focusing on books and later expanded into other product categories. Both Sachin and Binny are graduates of IIT Delhi and had previous experience working for other tech companies before starting Flipkart. Some of the major challenges Flipkart faced included supply chain management, payment gateways, and delivery in rural areas. The company utilized strategies like exclusive product launches, acquisitions, and vernacular language options on their website.
Sachin Bansal and Binny Bansal are co-founders of Flipkart, which was founded in 2007 focusing on books and later expanded into other product categories. Both Sachin and Binny are graduates of IIT Delhi and had previous experience working for other tech companies before starting Flipkart. Some of the major challenges Flipkart faced included supply chain management, payment gateways, and delivery in rural areas. The company utilized strategies like exclusive product launches, acquisitions, and vernacular language options on their website.
Sachin Bansal and Binny Bansal are co-founders of Flipkart, which was founded in 2007 focusing on books and later expanded into other product categories. Both Sachin and Binny are graduates of IIT Delhi and had previous experience working for other tech companies before starting Flipkart. Some of the major challenges Flipkart faced included supply chain management, payment gateways, and delivery in rural areas. The company utilized strategies like exclusive product launches, acquisitions, and vernacular language options on their website.
His schooling was from st. Anne’s convent school He scored an all india rank 49 in IIT JEE. He graduated from IIT DELHI with a degree in computer science After completion of degree joined Techspan company Joined Amazon.com as senior software engineer. BINNY BANSAL
Binny bansal is originally from Chandigarh
His schooling was from St. Anne’s in chandigarh He is also graduated from INDIAN INSTITUTE OF TECHNOLOGY DELHI with a degree in computer science and computer Worked with Sarnoff corporation for 1.5 year Then after, binny was previously employed with amazon.com for 9 month Before joining amazon, he was rejected by google twice. FLIPKART ORIGIN
Flipkart was founded in 2007
Initially flipkart focused only on books Expanded other product categories Acquired various companies The WALMART acquisition Kalyan krishnmurthy WHY THEY CHOOSE ENTERPRENUERSHIP They saw a good opportunity in the market around e- commerce. Also, regular job was not as challenging. The excitemnent and satisfaction that comes with building something of a long lasting value is addictive enough for them to continue this They started flipkart.com because they themselves felt the need for a good online store. They believe that they can make a difference here. They wanted to create something which has a long lasting value and which can be proud of MAJOR CHALLENGES FACED
Supply chain management
Payment gateway Delivery in rural areas Dynamic competition in market BUSINESS STRATEGY & PHILOSPHY
Exclusive product launch strategy
Acquisition strategy CASH ON DELIVERY EKART AND PAYZIPPY Vermacular language option on website WHAT I HAVE LEARNT?
Their acquistion strategy.
Leadership qualities. Invest in people Understand and enrich each other How to become better leader and not a boss. How to handle failures