Retail Chronicles 12th

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By Kapil Gupta Biopic : Sachin Bansal If we talk about shopping online in India, Flipkart is one of the hottest destinations of every online shopaholic. The man behind setting up India’s first e- commerce website before anyone could even think of such an idea is none other than Sachin Bansal. An IIT graduate turned businessman who created history in his own manner by laying the important stone in Indian Internet shopping revolution. Childhood Born in Chandigarh, he went to the St. Anne’s convent school and was a grade A student right from his schooling days. His father was in business and his mother a homemaker. After graduating from Indian Institute of Technology, Delhi with Computer Science Engineering, just like other geeks, he started is a career in software industry. Education An IIT graduate with computer science engineering degree would have a sparkling bright future, especially in the era when software was on a rise. Soon after Sachin completed graduation, he bagged a job in Techspan and later, Amazon, one of the biggest e-commerce websites of the world. Before all of that, he has a wish of becoming a professional gamer. Career • Pretty soon, working with Amazon, Sachin realized that this is not he wanted to do his entire life. That was when he and his friend Binny Bansal decided that it was time to start India’s own e-commerce website. Both the friends, unaware about the upcoming revolution started the online book sellingFlipkart name actually came from the books only. In the early days the two friends delivered books to the customers themselves on their scooters. platform. 07
However, they dared to start it off just because they thought that the internet shopping scene in India deserved to be better. They worked hard, even gave away pamphlets of their company outside bookstores when Flipkart was only selling books at the beginning. Post many difficulties in the initial stages of getting the book vendors to tie up and permissions for the credit card payment gateway, Flipkart later expanded and began selling other things like electronic goods and lifestyle products. Later in 2014, Sachin and Binny bought Myntra.com, another web shopping company for a deal of INR 2000 crore. For the ambitious Sachin Bansal, this success isn’t enough. He hopes to see Flipkart as a $100 billion company very soon owing to Indian youngsters’ growing obsession with living life on the internet. The biggest challenge that Sachin Bansal is working on at the moment is to get internet shopping work even in the smallest of towns and villages. Awards and Achievements 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 had helped him with his humongous success. Family and Personal Life Sachin is married to Priya, who is a dentist and together they have a child who is about four years old. Sachin, who had also won the Entrepreneur Of The Year award for the year 2012-2013 for his victorious 08
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Retail Chronicles 12th

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