Sachin Bansal
Sachin Bansal is an Indian entrepreneur who co-founded the e-commerce company FlipkartFlipkartFlipkart is a Bengaluru-based Indian e-commerce group that Sachin Bansal and Binny Bansal started as an online bookstore in 2007. Walmart took a majority stake in 2018, and the group completed its redomiciliation to India in 2026 as it prepares for an Indian listing.Open the full entry with Binny BansalBinny BansalBinny Bansal is an Indian entrepreneur who co-founded the e-commerce company Flipkart with Sachin Bansal in 2007 and served as its CEO and group CEO until resigning in 2018. He later co-founded xto10x and founded the cross-border e-commerce company OppDoor.Open the full entry in 2007, left in 2018 to found the fintech group Navi, and has been Navi’s executive chairman since 2025.
Contents14 sections
Key facts
2005Graduates from IIT Delhi
Sachin Bansal earned a B.Tech in computer science and engineering from the Indian Institute of Technology Delhi in 2005.[1]
2007Co-founds Flipkart with Binny Bansal
A former Amazon executive, Sachin Bansal founded Flipkart in 2007 with his friend Binny Bansal.[2]
2016IIT Delhi Distinguished Alumni Award
In 2016 IIT Delhi gave him its Distinguished Alumni Award for contributions to corporate business development.[1]
2018Leaves Flipkart and Founds Navi
In 2018 Sachin Bansal left Flipkart’s board after a dispute with investors.[3]
When Walmart bought a 77% stake in Flipkart that year, he sold his minority stake for $1 billion.[2]
The same year he founded the fintech company Navi.[4]
February 2019Invests in Ola
In February 2019 he invested Rs 650 crore (about $92 million) in ride-hailing company Ola as part of its Series J round, without taking an advisory or operational role.[5]
March 2022Navi Files for IPO
In March 2022 Navi, funded almost entirely by Bansal, filed for a $440 million IPO consisting only of new shares; it offered personal and home loans, health insurance and passive-focused asset management.[6]
May 17, 2022Bank Licence Rejected
Navi applied for a universal bank licence in early 2020; on May 17, 2022, the Reserve Bank of India rejected four applications, including that of its microfinance unit Chaitanya India Fin Credit, as “not found suitable.” Bansal said Navi would ask for the reasoning and could appeal.[4]
August 8, 2023Sells Chaitanya
In August 2023 Svatantra Microfin agreed to buy Navi’s microfinance unit Chaitanya India for about $178.5 million.[7]
October 2024Navi Finserv Ordered to Halt Lending
In October 2024 the Reserve Bank of India ordered Navi Finserv and three other non-bank lenders to stop new loans from October 21 over breaches of rules on pricing, income assessment and asset classification; Navi said it would review the directions and work with the regulator.[8]
February 2025Becomes Executive Chairman
Navi Finserv was cleared to resume lending on December 2, 2024. In February 2025 Bansal stepped down as CEO of Navi Technologies and Navi Finserv, handing the roles to Rajiv Naresh and Abhishek Dwivedi, and became the group’s executive chairman, overseeing long-term vision, fundraising, mergers and acquisitions, and technology.[9]
August 2026Navi’s First Outside Capital
In August 2026 Navi raised $100 million from Prosus, its first outside capital; people familiar with the matter said the deal valued Navi at about $1.3 billion, below the roughly $2 billion it sought in 2024. For the year to March 2026 Navi had revenue of Rs 30.91 billion and a net loss of Rs 4.66 billion, and it reached consolidated profitability in the fourth quarter.[10]
As of October 2026: Personal Life
Sachin Bansal is married with one child and lives in Bangalore.[2]
Related Organizations, Websites, and Public Accounts
Flipkart: Official website: https://www.flipkart.com/ (opens in a new window)[5]
Navi: Official website: https://navi.com/ (opens in a new window)[11]
Sources
- Distinguished Alumni Awards (opens in a new window)
- Sachin Bansal (opens in a new window)
- Flipkart co-founder Binny Bansal leaves board (opens in a new window)
- Sachin Bansal’s firm fails to secure India bank permit (opens in a new window)
- Flipkart co-founder Sachin Bansal invests $92M in Ola (opens in a new window)
- Flipkart founder’s Navi files for $440 million IPO (opens in a new window)
- Sachin Bansal sells Navi’s microfinancing unit for $178.5 million (opens in a new window)
- India’s central bank orders Sachin Bansal’s Navi to halt loans (opens in a new window)
- Sachin Bansal hands over CEO role; transitions to Executive Chairman (opens in a new window)
- Sachin Bansal’s fintech Navi raises first outside capital with $100M Prosus investment (opens in a new window)
- About Us (opens in a new window)