Binny Bansal, co-founder of e-commerce company Flipkart, has resigned from the company’s board. This information has been given by both Binny Bansal and Flipkart. Binny had also sold his remaining stake in Flipkart a few months ago.
A few months ago, news came that Binny Bansal is preparing to start a new company in the e-commerce sector. Flipkart was started by Sachin Bansal and Binny Bansal together in the year 2007.
Sachin Bansal left the company in 2018 after Walmart bought controlling stake in Flipkart. Sachin Bansal is now running a fintech company ‘Navi’.
I am proud of Flipkart Group’s achievements over the last 16 years: Binny Bansal
On leaving Flipkart, Binny Bansal said, ‘I am proud of the achievements of Flipkart Group in the last 16 years. Flipkart is in a strong position with a strong leadership team and a clear path forward.
The company is in capable hands, so I have decided to part ways.
It is with this confidence, knowing that the company is in capable hands, that I have decided to part ways. I wish the team all the best as they continue to transform customer experiences and I remain a strong supporter of the business.
We are grateful for Binny’s partnership over the years: CEO
Kalyan Krishnamurthy, CEO and board member of the company, says, ‘We are grateful for Binny’s partnership over the last several years, as the Flipkart Group has grown and entered new businesses. Binny’s insight and deep expertise in business has been invaluable to the Board and the Company.
Flipkart is the result of a great idea and hard work, built by teams committed to changing the way India shops. We wish Binny all the best for his next venture and thank him for the profound impact he has had on the Indian retail ecosystem.