Sachin Bansal cashed out of Flipkart when the Americans moved in five years ago. But his cofounder Binny Bansal had held on to his stake. Now, 16 years after starting the ecommerce company, Binny, too, has sold all his Flipkart shares to the US retail giant Walmart.
The company said Rao would “work with the Board to help identify the right CEO to lead this mission. He will also continue to work with and advise the board in respect to the new leadership.”
All staffers from non-tech divisions are being asked to relocate to Delhi within three months because the region is becoming more important for DealShare.
Social commerce unicorn DealShare’s co-founder Vineet Rao has stepped down from his role as chief executive officer as the company pivots to a hybrid model.
“Vineet ..
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