In case you can’t find any email from our side, please check the spam folder. Navi, on the other hand, needs both the scale of business and penetration in the insurance segment.Log in to our website to save your bookmarks. Binny Bansal is an Indian billionaire Internet entrepreneur. In January 2017 he was promoted to Group CEO and resigned in November 2018 due to personal misconduct allegations of Flipkart. Sachin Bansal, co-founder of India’s biggest online retailer Flipkart, is in talks with the promoters of Liberty General Insurance Ltd to buy out its Bansal, who exited Flipkart in 2018, plans to merge the acquired insurance business of Liberty with Navi General Insurance Ltd, a unit of Navi Technologies Pvt.“The plan is to add more insurance and fintech firms under the Navi brand. Binny is from Chandigarh and graduated from the Indian Institute of Technology Delhi with a degree in computer science and e

See the complete profile on LinkedIn and discover Sachin’s connections and jobs at similar companies.

He is best known as the co-founder of Flipkart that was acquired by Walmart (77 per cent stakes) at $16 billion in 2018.

Sachin Bansal is an Indian billionaire technology entrepreneur. View Sachin Bansal’s profile on LinkedIn, the world's largest professional community. In 2007 he co-founded the e-commerce platform Flipkart with Sachin Bansal and served as the chief operating officer until 11 January 2016 and was then promoted to chief executive officer.

In October 2007, Bansal and his co-founder, Binny Bansal, started an online bookstore, Flipkart, with an initial capital of ₹400,000 (US$5,600).In December 2018, Bansal founded BAC Acquisitions Private Limited, a venture that focused on building and acquiring technology-driven businesses in diverse industry verticals.Sachin acquired the general insurance brand COCO, previously owned by the housing finance company Deewan housing finance limited, through his company Navi technology in 2020.Sachin Bansal is married to Priya Bansal, a dentist by training and profession.In March 2020, Sachin Bansal's wife Priya Bansal filed a dowry harassment case against him alleging physical and sexual assault; and pressure to transfer properties to his name. He is best known as the co-founder of Flipkart, that was acquired by Walmart at $16 billion in 2018. Former Amazon executive, Sachin Bansal, teamed up with pal Binny Bansal, also a billionaire, in 2007 to found Flipkart as an online seller of books. She also alleged that Sachin sexually assaulted her sister. During his career at Flipkart that spanned 11 years, Bansal held the position of Chief Executive Officer and Executive chairman. Sachin has 4 jobs listed on their profile. A First Information Report registered at the Koramangala police station on February 28 named four persons, including Sachin's parents, Sat Prakash Agarwal and Kiran Bansal and brother Nitin Bansal. In 2018, Bansal held a 5… Valuations are at decent levels and prospects seem good," one of the two people said on condition of anonymity. It'll just take a moment.You are now subscribed to our newsletters. The person, however, said the valuation of the potential deal is still to be finalized.Emailed queries to Navi General did not elicit any response. In 2018, Bansal exited Flipkart following the Walmart deal. Sachin Bansal (born August 5, 1981) is an Indian technology entrepreneur and an ardent, amateur gamer. Bansal did not respond to queries seeking comment.“As a company policy, Liberty General Insurance does not comment on unsubstantiated market speculation/rumours", said a Liberty General Insurance spokesperson.The potential deal between Bansal’s Navi General and Liberty General, as well as the merger of ICICI Lombard and Bharti AXA General, underscores a broader consolidation in the Indian non-life insurance sector.After acquiring the general insurance business from DHFL earlier this year, Bansal is planning to add more insurance firms into his second entrepreneurial venture Navi Technologies, which aspires to become a full-fledged financial services group by having an array of firms in the insurance, digital banking and fintech space.Navi Technologies bought DHFL General Insurance in January from Wadhawan Global Capital Ltd.A potential merger of Navi General with Liberty General will likely create a synergy between the two as Liberty is in need of capital with a solvency ratio at 2.18 against the minimum requirement of 1.5. Sachin Bansal, who exited Flipkart in 2018, plans to merge the acquired insurance business of Liberty with Navi General Insurance Ltd, a unit of Navi Technologies Pvt.Liberty General has a … In 2007, Sachin Bansal and Binny Bansal founded Flipkart whose valuation in 2018 was $20.8 billion. During his over 11 year career at Flipkart, Bansal was CEO and chairman.

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