No WFH, 80 To 100-Hour Week: Flipkart Co-Founder Sachin Bansal¡¯s Rules For His Startup 'Navi'
Flipkart co-founder Sachin Bansal is working hard on his new project - a fintech startup. In 2018, a few months after leaving Flipkart, Sachin Bansal created Navi. The company offers gold, insurance, mutual funds, personal and house loans, and UPI. He has been putting in 80-100 hours a week and more often than not is found working on the weekends as well. Bansal believes that sometimes people ¡®hate¡¯ him.
Flipkart co-founder Sachin Bansal is working hard on his new project - a fintech startup. In 2018, a few months after leaving Flipkart, Sachin Bansal created Navi. The company offers gold, insurance, mutual funds, personal and house loans, and UPI.
He has been putting in 80-100 hours a week and more often than not is found working on the weekends as well. Bansal believes that sometimes people ¡®hate¡¯ him. Not very long ago, Infosys founder Narayana Murthy had faced a lot of flak when he had said that the youth should be working 70 hours per week.
In an interview with Moneycontrol, he said, ¡°Sometimes people hate me for that. First is there is no work from home and then you must come on weekends also, but yeah, I am spending like 80-100 hours a week¡±.
Though he stated that he is investing a lot of time and does not anticipate others to follow suit, he feels that creating a firm necessitates paying close attention to numerous little aspects.
Sachin Bansal Isn¡¯t In Favor Of Work From Home
Sachin Bansal expressed that remote work was merely a temporary measure for him during the Covid pandemic, and currently, his startup does not permit remote work.
"We were very clear that we want to be work-from-office. Work from home was a temporary phenomenon in my mind. It was never a permanent one. We are 100 per cent work from office. Zero work from home," he said.
Is There A Plan For Navi To Launch An IPO?
Sachin Bansal mentioned that he has ceased his activities as an angel investor entirely, and Navi intends to revive its plans for an IPO in the upcoming months.
"We tried a year ago. The timing was bad, I think. So, I am hoping that in a few months, once we are ready, we will...," he said.