BENGALURU: Binny Bansal has resigned from ecommerce major Flipkart’s board. In a statement, Bansal said, “I am proud of the Flipkart Group’s achievements over the past 16 years. I wish the team the best as they continue to transform experiences for customers, and I remain a strong supporter of the business.”He co-founded the e-commerce firm with Sachin Bansal in 2007. Last year, Bansal, who was holding about 1.75% stake in Flipkart, sold his stake to Walmart. In 2018, Walmart paid about $16 billion for a 77% stake in the ecommerce firm.

Source: Indian Express January 29, 2024 05:11 UTC