 "Binny Bansal, Flipkart")
Walmart, which acquired a majority stake in Flipkart for $16 billion in August, told the US SEC on Tuesday that the Indian e-commerce major's co-founder and CEO Binny Bansal has resigned over misconduct allegations.
Earlier today, Binny Bansal announced his resignation as CEO of Flipkart Group, effective immediately. Binny has been an important part of Flipkart since co-founding the company, but recent events risked becoming a distraction and Binny has made a decision to step down.
His decision follows an independent investigation done on behalf of
