Flipkart Group CEO Binny Bansal resigns following misconduct probe

Binny Bansal listens during an interview in Bengaluru, India, on Monday, June 20, 2016. Photographer: Namas Bhojani/Bloomberg

Flipkart co-founder and group chief executive Binny Bansal on Tuesday abruptly resigned from the company, following an internal investigation into an allegation of “serious personal misconduct”, sending shockwaves across India’s startup ecosystem. Walmart-owned Flipkart didn’t specify the allegation but one person familiar with the matter said it was related to an alleged sexual harassment by Bansal in 2016.

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