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Flippin' over backwards

Binny Bansal's sudden, unceremonious exit has raised eyebrows across the entrepreneurial ecosystem in India

Indrajit Gupta

Less than six months after their momentous deal with Walmart, both co-founders Sachin Bansal and Binny Bansal are out of Flipkart. It is a sad commentary on the hubris and the immaturity that’s gripped India’s high-flying tech entrepreneurs. Binny Bansal’s sudden, unceremonious exit has raised eyebrows across the entrepreneurial ecosystem in India, particularly in the tech heartland in Bengaluru. While he may have been the lesser known of the two Bansals, yet when Walmart bought 77 per cent stake in Flipkart, India’s biggest unicorn, earlier this year, they ...