binny

Binny Bansal, co-founder of Flipkart, departs from board position

Flipkart Walmart
Flipkart co-founder Binny Bansal has resigned from the e-commerce group’s board, the two said Saturday. Sachin Bansal, the Bengaluru-headquartered startup’s other co-founder, left the board in 2018 after scuffle with the investors. Binny Bansal, who reserved the rights to stay on Flipkart’s board for as long as he preferred, cited conflict of interest with his new venture as the reason for the move. “I am proud of the Flipkart Group’s achievements over the past 16 years. After leaving Flipkart, Sachin Bansal founded Navi, a financial services firm that is looking to go public.