Why did Bansal leave Flipkart?

Binny Bansal, chief executive and cofounder of Walmart-owned Flipkart Group, resigned Tuesday following a probe into an allegation of “serious personal misconduct,” the company said in a statement. The resignation came on the heels of an independent investigation into the allegation which Bansal strongly denies.

Is Flipkart owner worked in Amazon?

Binny said he founded Flipkart after Google rejected him twice, once in 2005 and then in 2006. Before starting Flipkart, Binny worked for Amazon for about nine months and in 2007, Binny and Sachin launched Flipkart, with a capital of ₹4 lakh, as a platform to sell books.

What happened Binny Bansal?

Binny is from Chandigarh and graduated from the Indian Institute of Technology Delhi with a degree in computer science and engineering. He is currently an anchor investor in the venture firm 021 Capital which focuses on investing in the fields of biotechnology, agritech, and the internet.

How much is Sachin Bansal worth?

1.2 billion USD (2021)
Sachin Bansal/Net worth
Sachin Bansal. Net worth – $1.2 billion Global ranking – 1476 Sachin Bhansal is the co-founder of Flipkart and was its chief executive until January 2016, post which he assumed the role of executive chairman.

Who is Sachin Bansal wife?

Priya Bansal
Sachin Bansal/Wife

Why did Binny Bansal quit?

Bengaluru: Flipkart co-founder and group chief executive Binny Bansal on Tuesday abruptly resigned from the company, following an internal investigation into an allegation of “serious personal misconduct”, sending shockwaves across India’s startup ecosystem.

How Sachin Bansal started Flipkart?

Flipkart has been founded by Sachin Bansal and Binny Bansal. Both being 2005 graduates from IIT Delhi, were officially exposed to the retail sector while working at Amazon. The two met at the workplace and explored their mutual interest in bringing about a change in the e-commerce industry of India.

Is Sachin Bansal billionaire?

In 2007, Sachin Bansal and Binny Bansal (not related) founded Flipkart whose valuation in 2018 was $20.8 billion. In 2018, Bansal held a 5.5 percent stake in Flipkart, which he sold to Walmart and his net worth then was a little over $1 billion….

How is Flipkart owner?

Sachin Bansal (born August 5, 1981) is an Indian entrepreneur. He is best known as the co-founder of Flipkart, that was acquired by Walmart (77 per cent stake) at $16 billion in 2018….