Flipkart has now lost both of its founding members. While Flipkart Group chairman Sachin Bansal had quit right after the company’s acquisition by WalMart earlier this year, Flipkart Group CEO Binny has now resigned post “an allegation of serious personal misconduct” in an independent investigation, according to a Reuters report.
This had led to some minor changes in the leadership as well. Kalyan Krishnamurthy will continue to be CEO of Flipkart and Sameer Nigam will still helm PhonePe, however, they will now directly be answerable to the company’s board instead of Bansal. Myntra and Jabong will continue to be led by Ananth Narayanan, who reports to Kalyan.
