Binny Bansal

About Binny Bansal

Former Amazon executive Binny Bansal teamed up with pal Sachin Bansal in 2007 to found Flipkart as an online seller of books, and later grew it into an e-commerce giant.

The duo, who share the same surname but are not related, pooled $6,000 of their combined savings and started operating out of their apartment.

In 2018, Walmart bought a 77% stake in India-based Flipkart for $16 billion in what was reportedly then the world's biggest deal for an internet firm.

In 2023, Bansal sold his remaining 1.8% stake to Walmart in a deal that reportedly valued Flipkart at $35 billion.

He's now chairman of xto10X, an Indian firm that he cofounded with two former Flipkart colleagues, which helps startups scale up their operations.