Sachin Bansal Issues Statement on Walmart-Flipkart Deal: Read Full Text
"Sadly my work here is done and after 10 years, it’s time to hand over the baton and move on from Flipkart," Bansal said.
New Delhi, May 9: Flipkart co-founder Sachin Bansal on Wednesday sold off his 5.5 per cent stake in the company at an amount of US Dollar 1 billion. Apart from his departure from the online retail giant, the company ended up being taken over by US-based supermarket conglomerate Walmart.
The US Dollar 16 million acquisition is considered to be the costliest in the e-commerce sector. Walmart CEO Doug McMillon, while commenting on the merger, said it is one of the best deal ever.
Here is the statement issued by Sachin Bansal on Flipkart-Walmart deal:
Flipkart truly upheld audacity and customer centricity and I got to work with the best people. We took on some of the biggest challenges and solved many complex problems for india.
Sadly my work here is done and after 10 years, it’s time to hand over the baton and move on from Flipkart. But I’ll be watching and cheering from the outside — Flipsters, you better continue to do a good job!
I’ll be taking some long time off and focus on finishing a few personal projects which I haven’t been able to find time for. Will catch up on gaming (and see what kids are playing these days) and brush up on my coding skills.
I will always cherish the relationships I’ve built and amazing experiences I’ve had. Wishing all the best to the whole team.
(The above story first appeared on LatestLY on May 09, 2018 10:31 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).