MUMBAI: India's biggest e-commerce company Flipkart's chief executive and co-founder, Sachin Bansal, will step down and be succeeded by its other co-founder Binny Bansal, in a move viewed by some as a step towards a stock market listing.
Binny, who was chief operating officer before the rejig, launched Flipkart in 2007 with Sachin, who will now take the role of executive chairman. The Bansals, both former Amazon.com Inc employees, are not related.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!