Binny Bansal Resigns: Bansal has exited the board of Walmart-owned Flipkart, months after selling his remaining stake. He is also building a new e-commerce venture called OppDoor
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 Resigns From Flipkart: Co-Founder Steps Down from Board Months After Selling His Remaining Stakes.
Chinese technology conglomerate Tencent has bought stake worth $264 million (about Rs 2,060 crore) in Flipkart from its co-founder Binny Bansal through its European subsidiary, according to official documents.