India: Flipkart’s Binny Bansal comes to the fore

India: Flipkart’s Binny Bansal comes to the fore

On Monday, Flipkart named Binny Bansal as its new CEO, replacing his long-time friend and business partner Sachin Bansal, who’s moved on to the role of executive chairman of the company. Photo: Hemant Mishra/Mint

At an open house meeting in December, a Flipkart employee asked Binny Bansal, the company’s billionaire co-founder and chief operating officer, whether he was leaving. At the time, e-commerce circles were rife with rumours that Bansal was on his way out of Flipkart, along with one other senior executive (such rumours are commonplace in the start-up world).

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