The Bansals of Flipkart are in the news for all the right reasons. Sachin and Binny Bansal of Flipkart now have a net worth of more than $1 billion which has made these two nearly as rich as the co-founders N R Narayana Murthy and Nandan Nilekani of Bangalore’s tech giant Infosys.
A fresh fund raiser of $1 billion has resulted in raising the values of Sachin and Binny Bansals’ combined stake of approximately 15% at over Rs. 6000 Crore. On the other hand, the Murthy family which consists of four members has a net worth of about Rs. 8,700 crore in Bangalore’s Infosys, while the other founder’s family net worth is valued at about Rs. 6,500 Crore.
The trend all over the world clearly shows that consumer internet ventures have been successful in attracting awesome valuations. The Chinese and the United States internet markets have promoted or raised many billionaire entrepreneurs as soon as they went public with their ventures.
According to the Bloomberg Billionaires Index, the famous CEO of Facebook, Mark Zuckerberg, is valued at a whopping $33 billion, while Jack Ma of Alibaba boosts of a net worth of $ 12.5 billion which is up $ 8. 9 billion year to date.
The Bansals may be nearly as rich as Murthy or Nilekani but they have been successful in superseding one of the co-founders of Infosys in net worth. Sachin Bansal and Binny Bansal who are not related by blood have a higher net worth than Infosys’ outgoing CEO and co-founder S D Shibulal. He along with his family had a net worth of around Rs. 4,300 crore in the IT services Company as of Tuesday. Its other co-founder Kris Gopalkrishnan’s family net worth stands around Rs. 6,500 crore.
Infosys has been on the scene for over four decades now with a market cap of about $30 billion, while Flipkart in just seven year of its existence has been successfully able to reach $7 billion. The Bansals are even in talks to create a $ 100 billion worth e-commerce Company. Flipkart has been successful in growing its sales from $ 10 million to an annualized $ 2 billion in a three year period from 2011 to 2014.