Co-founder Binny Bansal has resigned as CEO of Flipkart Group. This was announced by Walmart, the new owner of the e-commerce company.
Kalyan Krishnamurthy will continue to be CEO of Flipkart, which will now include Myntra and Jabong, continuing to operate as separate platforms within the Flipkart business.
Source- The Livemint
Static/Current Takeaways Important For IBPS PO Mains Exam 2018:
- US-based Walmart had completed its $16-billion acquisition of India’s largest e-commerce firm Flipkart.