SACHIN BANSAL & BINNY BANSAL FLIPKART
As you may know, Flipkart is the biggest made-in-India online store selling almost everything on the Internet in India. It is one of the biggest competitors of Amazon, which is the biggest e-commerce website in the world. Flipkart is an initiative that was founded by two Indian entrepreneurs, Sachin Bansal and Binny Bansal. What started as an online bookstore from a two-bedroom apartment in Koramangala, Bengaluru, in 2007 has today grown into one of the biggest companies in India, and an incredible example of the success potential for Indian startups. Flipchart’s Success story is really an inspiring story for Indian startups.
India’s e-commerce was still a niche business, and a large population was still hesitant to shop online. However, Flipkart had built a brand of trust among its loyal customers and continued to instill confidence by providing 24×7 customer support, and their growth continued. But things were going to change drastically once Tiger Global came on board as their new partner with its first investment of $10 million in 2010.
India is now shopping online like never before, and Flipkart is the hot destination of every internet shopaholic. The master mind behind the idea, one of the first people to establish an e-commerce website in India, is Sachin Bansal, an IIT graduate and a businessman who created something of a history in the great Indian internet shopping revolution.
Sachin, who had also won the Entrepreneur Of The Year award for the year 2012-2013 for his victorious journey, has a lot of advice to give to his followers and young entrepreneurs of the country, which he often does on his personal blog. Looking at challenges as opportunities is what he thinks is the biggest asset any businessman could possess, a quality that he says has helped him with his humongous success.
Don’t start out alone; it helps to have a co-founder when things are not going your way. Perseverance and hard work is very important. The core of any business is to earn money. You have not done your job well until you find a stranger who is willing to open his/her wallet to give you money for the services/products that you a offering. The next step after that is to focus on scaling it up well.”
Binny Bansal & Sachin Bansal
With perfect planning and execution, his ideas were successfully implemented. Now, Flipkart stands as one of the biggest companies in the startup sector. Hence, his story is of great importance regarding how to implement one’s ideas.
