Flipkart co-founder Binny Bansal steps down as CEO

Flipkart-New-Logo

Yesterday, Binny Bansal steped down as CEO of Flipkart Group with immediate effect. He has been an important part of Flipkart since co-founding the company.

Going forward, 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. Ananth Narayanan will continue providing leadership as CEO of Myntra and Jabong, and will report into Kalyan. Sameer Nigam will continue leading PhonePe as CEO. Both Kalyan and Sameer will report directly into the board.

In a blog post, Flipkart said:

As we look ahead, we have full confidence in the strength and depth of leadership across the company. We remain committed to investing for the long-term and are supportive of the leadership team’s desire to evolve into a publicly-traded company in the future.

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