Flipkart Co-Founder Binny Bansal Resigns :
Binny Bansal was the co-founder of Flipkart. He was the member of board and running Flipkart since 16 years, since 2007. Now, Binny Bansal has officially resigned from the board of Flipkart. Sachin bansal and Binny Bansal has started this e-commerce business in 2007, Sachin Bansal has already sold his stake of Flipkart to Walmart.
Now, Binny Bansal has officially resigned from Walmart acquired Flipkart company.
Walmart acquired a majority share in Flipkart in 2018. Flipkart co-founder Sachin Bansal had previously sold his entire investment to Walmart in 2018, but his partner and co-founder Binny Bansal kept a tiny stake in the company even after the sale.
“Flipkart is in a strong position with a strong leadership team and a clear path forward, and with this belief, I have decided to leave the company, knowing that the company remains in capable hands,” Binny Bansal said in a statement.
Flipkart began in 2007 with a modest 2BHK apartment in Bengaluru. Sachin Bansal was appointed CEO of Flipkart, with Binny taking over as COO. Within 5 years, the firm achieved remarkable success. Flipkart raised $150 million in 2012, making it India’s second unicorn firm.