Binny Bansal Resigns From Flipkart: Co-Founder Steps Down from Board Months After Selling His Remaining Stakes

Binny Bansal, co-founder of Flipkart, has stepped down from the board of the e-commerce firm, marking the end of an era. The decision comes months after Bansal sold his remaining stake in the company, which he founded with Sachin Bansal seventeen years ago. Binny Bansal’s departure coincides with his plans to venture again into the e-commerce space. His co-founder, Sachin Bansal, had exited Flipkart a few years prior and is currently building a fintech venture called Navi. The development signifies a significant shift in the leadership of the Walmart-owned firm. Flipkart Co-Founder Binny Bansal Sells His Stake Worth $264 Million to Chinese Internet Giant Tencent.

Binny Bansal Exits Flipkart

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