THE BANSALS OF THE INDIAN STARTUP STORY!

So just a few days back in the newspaper I saw an article talking about IIT educated Jyoti Bansal selling his startup (AppDynamics) to Cisco for $3.7billion. And then I realized that there needs to be a blog for the Bansal’s of the startup world. Bansal is a gotra under Aggarwal’s. So business did run in their DNA. And along with their mighty brains which were further molded in the IIT’s & IIM’s they succeeded in living their dreams. Because they always knew that they were meant for something different.

to the uninterrupted souls!

Sachin Bansal OF FLIPKART

He is presently the Executive Chairman of Flipkart. Was a nerdy student all his life. Is an IIT-Delhi graduate. He worked at Amazon where he and his Co-founder had the daredevil idea of starting the Indian Amazon in 2007. Though in the beginning they were thinking about starting a comparison shopping engine, but realized that wasn’t what India required. Persistence helped them to build up.

 “You should always know what you don’t know”

Binny Bansal of FLIPKART

He is presently the CEO – Flipkart Group (a change made in the current year). He is too an IIT Delhi alumnus. And worked before with Amazon. The day to day software worked bored him and something new had to be done. And well than rest is history.

Mukesh Bansal of MYNTRA

He is currently working on a new start up idea that’s “Cure-Fit”. He’s an alumnus of IIT-Kanpur. Before Myntra he worked with 4-different startups in the bay area where he learned the do’s, don’ts and the never ending tectonic waves of the startup culture. Myntra was founded in 2007 as a niche website for customized candles, t-shirts, mugs etc. Due to internet boom in 2010 it shifted towards its fashion platform. He was bitten by the start-up bug when he was in the 3year of his college.

“Get your team right at every stage of development if you want to scale up”

   Rohit Bansal of SNAPDEAL

He’s again an IIT-Delhi alumnus. And became best friends with CO-Founder Kunal Bahl when joined school at DPS R.K.Puram in 11std. And have been best friends since then and always knew that were meant to do something big, that too with each other. In the beginning i.e. 2007 Snapdeal was a Coupon book business and then in 2010 with inspiration from Alibaba they started their own little venture of a daily deals platform and in2011 as an online marketplace, which isn’t little any more.

 Peyush Bansal of LENSKART

“Log on, play on”

The most searched businessmen of the year in 2014 and Alumni of IIM-B and right now the CEO of Lenskart. In June 2008, he founded Valyoo Technologies and launched ‘searchmycampus.com’ which closed due to certain reasons. Lenskart was started in November 2010 as a team of 3. It was initiated with a vision to change the footing of eyewear in India and make it “fashionable”. They believe that half of India – 530 million Indians need vision correction but only 170 million have access to it. The logo of their brand symbolizes infinity.

“Entrepreneurship is passion for solving problems. Getting a bunch of people who sleep, breath, and eat your dreams.”

   Jyoti Bansal of AppDynamics

So here’s another alumnus of IIT-Delhi. He had always been fascinated by the startup culture of the Silicon Valley in U.S. and wanted to be a part of it. A dream which he could only manage to fulfill after staying there for 7 years due to visa issues of an immigrant starting their own business. AppDynamics started in 2008.  It’s a 24/7 MRI for an organization’s website, picking up small problems before they debilitate a business and anger consumers. As of now he is its Chairman.

“Be flexible, and let go your ego”

 

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