Binny Bansal Resigns As CEO of Flipkart Group

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. 

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