Flipkart's co-founder & group CEO, Binny Bansal is expected to leave the company with immediate effect, as reported with leading media resources. Another Co founder Sachin Bansal has already left the company post Flipkart Walmart merger. So far, It isn't clear is Binny will hold his board seat on Flipkart post his stepping down.
An official announcement from Walmart on Binny's departure is expected today. A Walmart spokesperson did not comment on the development while text messages sent to Binny remained unanswered. Binny's exit from Flipkart had been speculated at the time the Walmart deal was being struck as well but he was held back at the time.