After Sachin Bansal and Binny Bansal of Flipkart, Mukesh Bansal of Myntra, Rohit Bansal of Snapdeal and Peyush Bansal of LensKart, yet another Bansal has made a killing with a startup. Jyoti Bansal, , an IIT Delhi graduate, has just sold the company he founded eight years ago in the US, AppDynamics , to Cisco for $3.7 billion. Bansal now owns 14% of the company, after having diluted his stake to many venture funds over the years. So he'll get about $520 million (Rs 3,400 crore).The announcement came a day before AppDynamics was to launch its IPO, which valued the company at $2 billion. Many days were spent making the rounds of Sandhill Road in Silicon Valley, looking for investor interest.

Source: Times of India January 25, 2017 20:51 UTC