Binny Bansal

• Binny Bansal, born circa 1982 or 1983, hails from Chandigarh, the capital city of Punjab and Haryana.
  
  
• His father held a managerial position at a bank, while his mother worked in the government sector.
  
  
• He received his education at St. Anne's Convent School in Chandigarh before pursuing software programming at the Indian Institute of Technology Delhi, where he graduated with a degree in computer science and engineering.​
  
  
• Binny Bansal net worth is around 140 crores.
  
  
• Binny Bansal, the co-founder of Flipkart, stands as a towering figure in India’s startup ecosystem. From his early days as a software engineer at Amazon to co-founding Flipkart, one of India’s most successful e-commerce platforms, Bansal’s journey is a story of innovation, resilience, and strategic brilliance. This article explores his professional trajectory, including his roles at xto10x Technologies, Udhyam Learning Foundation, and as a board member of companies like GreyOrange, Acko, and PhonePe. It also delves into his investment portfolio, shareholdings, and stock investments, offering a comprehensive look at his contributions to the tech and startup world. Whether you’re an aspiring entrepreneur, investor, or simply curious about Bansal’s impact, this article provides valuable insights into his career and financial ventures.
  
  
• Binny Bansal is an Indian entrepreneur, investor, and the co-founder of Flipkart, one of India’s largest e-commerce platforms. Alongside Sachin Bansal (no relation), he launched Flipkart in 2007, transforming the way Indians shop online. After Walmart acquired Flipkart in 2018 for $16 billion, Binny Bansal transitioned to new roles, including Executive Chairman of xto10x Technologies and advisor to various startups and foundations. His expertise spans e-commerce, technology, and venture capital, making him a key player in India’s startup ecosystem.
  
  
• Born in Chandigarh, Binny studied computer science at IIT Delhi. His early career included roles at Sarnoff and Amazon, where he developed his technical skills before venturing into entrepreneurship. Today, he is not only a successful entrepreneur but also a mentor and investor, supporting the next generation of startups through his investments and advisory roles.
  
  
• Binny Bansal is the Co-founder and Executive Chairman of xto10x Technologies, a company he launched in 2018 to help startups scale efficiently by providing technology solutions, consulting, and learning programs.
  
  
• After stepping away from Flipkart, Binny Bansal co-founded xto10x Technologies in December 2018 alongside Saikiran Krishnamurthy. The company focuses on empowering startups by offering tools and strategies to scale their operations effectively. xto10x provides a range of services, including technology platforms, consulting, and learning programs tailored to the needs of growing businesses.
  
  
• The name “xto10x” reflects the company’s mission: helping startups grow from their initial stages (1x) to achieving exponential growth (10x). Binny’s experience in scaling Flipkart from a small online bookstore to a billion-dollar e-commerce giant gives him unique insights into the challenges startups face. Through xto10x, he shares this knowledge, helping other entrepreneurs navigate the complexities of scaling their businesses.
  
  
• Binny Bansal serves as a board advisor, mentor, and investor for several organizations, including Udhyam Learning Foundation, N/Core, and 021 Capital. He is also a board member of companies like GreyOrange, Acko, Curefoods, and PhonePe.
  
  
• Udhyam Learning Foundation: As a board advisor, Binny supports Udhyam’s mission to empower entrepreneurs and small businesses in India. The foundation focuses on fostering entrepreneurship and skill development, aligning with Binny’s passion for nurturing the startup ecosystem.
  
  
• 021 Capital: Binny is an advisor to 021 Capital, a venture capital firm that invests in early-stage startups. His role involves guiding portfolio companies and helping them scale effectively.
  
  
• GreyOrange, Acko, Curefoods, and PhonePe: As a board member, Binny provides strategic guidance to these companies. GreyOrange specializes in robotics and automation, Acko is a digital insurance provider, Curefoods operates in the cloud kitchen space, and PhonePe is a leading fintech platform. His involvement underscores his commitment to supporting innovative businesses across diverse sectors.
  
  
• Binny Bansal’s investment portfolio reflects his diverse interests and commitment to fostering innovation. He has invested in a range of startups and ventures, including:
  
  • PhonePe: A leading digital payments platform in India, PhonePe has benefited from Binny’s strategic insights as both an investor and board member.
  • Acko: A digital insurance startup, Acko has raised significant funding with Binny’s support.
  • Curefoods: Operating in the cloud kitchen space, Curefoods is revolutionizing food delivery in India.
  • 021 Capital: Binny’s advisory role extends to this venture capital firm, which invests in early-stage startups.
    
    
• Binny’s investments are not limited to financial contributions; he actively mentors founders and provides strategic guidance to help these companies scale. His portfolio highlights his belief in the potential of technology-driven solutions to address real-world challenges.
  
  
• Binny Bansal’s shareholdings and stock investments are closely tied to his entrepreneurial ventures and advisory roles. His most notable shareholding is in Flipkart, where he retains a significant stake even after Walmart’s acquisition.
  
  • Flipkart: Binny’s stake in Flipkart has made him one of India’s wealthiest entrepreneurs. The Walmart deal valued his shares at over $1 billion, cementing his status as a key player in the e-commerce industry.
  • PhonePe: As a board member and investor, Binny holds shares in PhonePe, which has emerged as a leader in India’s fintech space.
  • Acko and Curefoods: His investments in these companies also include equity stakes, reflecting his long-term commitment to their growth.
    
    
• Binny’s stock investments are strategic, focusing on companies with high growth potential and innovative business models. His approach combines financial acumen with a deep understanding of market dynamics, ensuring that his investments yield substantial returns.
  
  
• Binny Bansal’s contributions to India’s startup ecosystem are unparalleled. As the co-founder of Flipkart, he played a pivotal role in popularizing e-commerce in India, paving the way for other startups to thrive. His success story has inspired countless entrepreneurs to pursue their dreams and challenge the status quo.
  
  
• Beyond Flipkart, Binny’s work with xto10x Technologies, Udhyam Learning Foundation, and his advisory roles demonstrate his commitment to nurturing the next generation of startups. By sharing his expertise and investing in innovative ventures, he continues to shape the future of India’s tech and startup landscape.
  
  
• Binny Bansal’s journey from a software engineer to a billionaire entrepreneur and investor is a testament to his vision, resilience, and strategic thinking. His roles at Flipkart, xto10x Technologies, and various advisory positions highlight his multifaceted contributions to the tech and startup world. Through his investments, shareholdings, and mentorship, Binny continues to drive innovation and empower entrepreneurs, leaving an indelible mark on India’s startup ecosystem. Whether you’re an aspiring entrepreneur or an investor, Binny Bansal’s story offers valuable lessons in leadership, innovation, and perseverance.

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Board and Advisor Roles

• PhonePe
  • Member of the Board of Directors
  • Dec 2020

• TerraviewOS
  • Advisor

• Cozy
  • Advisor