It was valued at close to USD 21 billion as Walmart yesterday bought 77 per cent stake in it for USD 16 billion.While Binny decided to continue with the company, Sachin, 36, exited. "After moving to Bangalore, Sachin joined Amazon and recommended Binny, earning an employee recommendation bonus. He, however, had to soon return it as Binny left Amazon in just 8 months.The two then started a company together with Rs 4 lakh capital. In 2016, Sachin became executive chairman, as Binny replaced him as CEO. On January 9, 2017, Kalyan was declared Flipkart CEO - the first non-founder CEO of an Indian startup Unicorn, while Binny became Flipkart Group CEO.

Source: Economic Times May 10, 2018 09:06 UTC