Co-founder Bansal says goodbye to Flipkart

Remain on board: Bansal is stepping away from the operating role in Flipkart but will continue on the board and as a major shareholder. — Reuters

FOR Binny Bansal, the end of his long run as co-founder of India’s most successful startup came on Saturday when he began calling colleagues to say he was done.

The 37-year-old was stunned that officials from Walmart Inc, his startup’s new owner, were probing details of an affair years earlier. An investigation found no evidence of wrongdoing. Nevertheless, a decade after he created e-commerce leader Flipkart, he was calling to say goodbye.