Sachin Bansal along with Ankit Agarwal former investment banker has started a private company BAC Acquisions Pvt Ltd as on December 10 as per Registrar of companies data. BAC Acquisitions looks like a holding company. while it is unclear that what will be the nature of business so far. Sachin was forced to leave Flipkart due to disagreement on the role after acquisition as per industry reports.
Binny Bansal also exited Filipkart in November as per market speculations it was due to personal misconduct but back to back exits of the top management team of two co founder who have built the company from scratch it gives a good lesson for the entrepreneurial and startups in indian startup ecosystem.
After Flipkart Walmart deal for $16 billion it is one of the most successful exit by a unicorn startup company, Co founder and Executive Chairman of the company Sachin Bansal left the company after successfully selling his entire 5.5 percent stake for $900 million to 1 billion.
BAC ACQUISITIONS PRIVATE LIMITED
|NAME||DIN||DESIGNATION||DATE OF APPOINTMENT|
|SACHIN BANSAL||02356346||Director||10 December 2018|
|ANKIT AGARWAL||08299808||Director||10 December 2018|