Step 1: Recall the year and place.
The First Battle of Panipat was fought in 1526 near the town of Panipat in present day Haryana.
Step 2: Identify the two sides.
The battle was fought between Babur, an invader from Central Asia, and Ibrahim Lodi, the ruler of the Delhi Sultanate from the Lodi dynasty.
Step 3: The outcome.
Babur's smaller but better organised army, which used gunpowder and cannons effectively, defeated Ibrahim Lodi's much larger force.
Step 4: The final answer.
The correct answer is Babur and Ibrahim Lodi. This victory allowed Babur to establish the Mughal Empire in India.