The company was created by leaving the job, in just 11 years thousands of million

Sachin Bansal and Binny Bansal started this company from a small house and made it the country's largest online retail company. Today, when the company has sold out to US veteran retailer Walmart, both of them have received thousands of crores.

- - - - - - - - - Advertisement - - - - - - - - -

New Delhi: Today, the country's largest e-commerce company, Flipkart Walmart, sold out. Sachin Bansal and Binny Bansal, who started this company, started this company from a small house and made it the country's largest online retail company. Today, when the company has sold out to US veteran retailer Walmart, both of them have received thousands of crores. Sachin Bansal has a 5.5 percent share in Flipkart and he is likely to get around Rs 8,000 crore by selling it.

Graduate of both IIT Delhi

Both Sachin Bansal and Binny Bansal are graduates of IIT Delhi. Surname is same but it is friends, brother is not He started his career with different companies after graduating from IIT Delhi. Sachin Bansal started working at the Sanof Corporation by Techpain and Binny Bansal. Both met in Delhi in 2005 and worked together in the Amazon.

Amazon left with

In 2007, he thought of leaving Amazon with his e-commerce company and Flipkart came into existence, Sachin Bansal and Binny Bansal established Flipkart in Bangalore in 2007.

Flipkart was working like online book store

Initially, Flipkart used to work just like online book stores, but gradually they included several product categories on their portal. Flipkart started the business by selling online books and in the initial days Flipkart was working in an apartment in Bangalore. Slowly in the year 2008 in Delhi and in 2009, the company opened a new office in Mumbai.

Flipkart sold the first book John Woods 'Living Microsoft to Change the World'. It had only 20 sales in the first year of business.

Flipkart appointed Amber Iyappa, the first full time employee.

Essential Partners invested $ 1 million in October 2009 and joined the board of directors. Soon Tiger Global invested $ 100 million. Flipkart raised $ 1.4 billion in capital from Tensant, eBay and Microsoft Softbank invested $ 2.5 billion last year

Flipkart was registered in Singapore in 2011. Flipkart launched 'Cash On Delivery' in the country in 2010.

Flipkart acquired Veid, Let'sbye, Fx Mart, Mintara and PhonePay. He bought a majority stake in Jeeves and NGP. Flipkart has bought several small e-commerce companies like Mentra, eBay, PhonePay, etc.

Sachin Bansal Flipkart CEO from 2009 to 2016

Sachin Bansal worked as the CEO of Flipkart from 2009 to 2016, while Binny Bansal took over as CEO of Flipkart in 2016, while Sachin Bansal took over as Executive Chairman. There was a change in the management of the company. Former CEO of Tiger Global, Kalyan Krishnamurthy became the CEO of Flipkart.

The company achieved level of one million registered subscribers in 2017 Now the company has more than one lakh registered vendors and 21 stores.

Flipkart offered to buy Snapdeal

Flipkart offered to buy Snapdeal. Although the deal was not completed by refusing Snapdeal. Flipkart bought back $ 350 million shares from investors before the Wal-Mart deal.

Walmart earns thousands of dollars by selling a share

Today Walmart has bought 77 per cent stake in Flipkart for $ 16 billion or about 1, 7, 616 million rupees and Sachin Bansal has got a huge amount of around Rs 8000 crore by selling his 5.5 percent stake in it.