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Sachin Bansal [1981-0] Indian

Rank: 107
Businessman, Engineer

Sachin Bansal is an Indian Software engineer and Internet entrepreneur known for co-founding India's e-commerce platform Flipkart. Sachin is from Chandigarh and is an engineering graduate from Indian Institute of Technology Delhi.

Technology

Quote	Tags	Rank
When e-commerce companies build scale, cost comes down. Companies that can handle scale and reduce costs over time will win. Margins will come from reducing costs over time and not by increasing prices. Technology is the answer at large scale.	Technology	101
The first thing I look at is, 'Is the entrepreneur going after really big problems, to the extent that it feels scary when they talk about it?' You wonder if the idea is possible. I have seen that a lot of times, people go after small problems, and that's a sign that they are not confident.		102
At Amazon, we were not working with the e-commerce division but with the Web services team. We started Flipkart completely from scrap. Moreover, the whole shopping behaviour and infrastructure challenges in the Indian market were different from that in the U.S. and European markets.		103
Valuation depends on several factors. From an investor angle, they look at leadership position, management, and what the company's offerings are. I think these three things got 5/5 for a company like Flipkart, and that is what is driving valuations and growth.		104
I will never sell Flipkart.		105

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