Flipkart co-founder Binny Bansal exits board over conflict of interest
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Binny Bansal, the co-founder of Flipkart, has stepped down from the e-commerce giant's board. In a statement, Bansal shared, "Flipkart is in a robust position, with a strong leadership team and a clear path forward, and with this confidence, I have decided to step aside, knowing the company is in capable hands." This move came after he sold his entire stake in Flipkart (acquired by Walmart in 2018 for $16 billion) and launched his new e-commerce venture, OppDoor.