Sunday, November 18, 2018

Flipkart founder and CEO Binny Bansal Resigns over sexual harassment allegations

One of the co-founders of India’s largest e-commerce firm Flipkart, Binny Bansal has resigned from the company. He was the Co-founder & CEO at Flipkart Group. His resignation has come after an independent enquiry conducted by Walmart and Flipkart into an allegation regarding personal conduct.
Although the investigators didn’t find evidence to prove the complainant’s allegation against Bansal, they found lapses in his judgement, particularly a lack of transparency. Bansal reportedly had refuted the allegations.
“Binny has been an important part of Flipkart since co-founding the company, but recent events risked becoming a distraction and Binny has made a decision to step down,” mentioned a Walmart’s press release.
Going forward, Kalyan Krishnamurthy will continue to be CEO of Flipkart, which will now include Myntra and Jabong, continuing to operate as separate platforms within the Flipkart business.

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