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What would you do after you have secured millions and raised a Startup from zilch to its acme! You set up an advisory firm to further invest to multiply money and knowledge. On the same lines India’s leading Ecommerce behemoth – Flipkart’s founders Sachin and Binny Bansal have set up their company called Sabin Advisors.
The company has been named after the initials of both the founders Sa(Sachin) + Bin (Binny). Both the founders have invested invested in several Startups with their money invested amounting close to $60 million. Some of their portfolio companies include edtech platform Unacademy, two-wheeler startup Ather Energy, Sightuple, Inshorts, Hyperlocal Electronic Items Seller Zopper, Social Networking platform Roposo, Rahul Yadav Startup Intelligent Interfaces, Sheroes, Wrig Nanosystem, Tracxn, News in Shorts.
Are both the founders looking to take an exit from Flipkart
With Softbank investing in bulk and remaining list of investors including Tencent, Microsoft and Ebay, Flipkart is no more a play of Sachin and Binny Bansal. Right from hiring a professional CEO to acquistions and budget allocations, all of the strategic decisions are now being taken by either the board or the incumbent CEO – Kalyan Krishnamurthy. Also, all the operational reporting for some of the private label brands of Flipkart like Billion are done privately to Sachin and Binny Bansal and not the CEO.
Owing to the above series of incidents it is much expected that the founders may be looking to focus more on setting up their venture and Sabin registration is surely a first step towards it.