The departure follows reports indicating Binny Bansal's intention to re-enter the e-commerce space after Sachin Bansal left Flipkart a few years ago to pursue a fintech venture called Navi.
Priya Bansal, wife of Flipkart co-founder and one of the most storied Indian entrepreneurs Sachin Bansal filed a dowry harassment case against him.
Sachin Bansal will be joining the bank board on 1st June, while Nitin Chugh will be joining the bank in August where he will be succeeding Samit Ghosh on 1st December.
"Ola is one of India’s most promising consumer businesses, that is creating deep impact and lasting value for the ecosystem," Sachin said.
The allotment of these shares to Bansal is part of Ola’s plans to raise about USD 1 billion in funding
Earlier, in a 15 billion US dollar deal signed on Thursday, Walmart decided to buy 73 per cent of the Indian e-commerce giant.
Flipkart has named former Tiger Global executive Kalyan Krishnamurthy the new CEO of India's largest online retailer replacing Binny Bansal, who has now moved up to a newly created position of Group CEO.
Sachin Bansal, co-founder and Executive Chairman of e-commerce giant Flipkart, has praised the demonetisation drive of the central government but added that its execution could have been better. "The intent is very good, and I
Flipkart co-founder Sachin Bansal has said that he was replaced as the company’s chief executive “because of performance”.
Mumbai: Earlier this month, Chinese e-commerce giant Alibaba's chief Jack Ma announced his company's plans to invest directly in India. Alibaba, which has made investments in Paytm and Snapdeal, is likely to enter India to
New Delhi: Mukesh Bansal, head of commerce and advertising business at Flipkart, has resigned from his post, leaving the company in firm control of co-founder Binny Bansal. In another related development, Flipkart's chief business officer
In an overhaul of its top level management, e-commerce giant Flipkart today announced that Sachin Bansal, its CEO and Co-founder, will now be the Executive Chairman of the company and Binny Bansal, COO and Co-founder of
New Delhi: The co-founder of India's top e-commerce firm Flipkart Sachin Bansal has spoken on the controversy erupting from Aamir Khan's latest statement on growing 'intolerance in the country'. Sachin took the side of rival
New Delhi: Amid the raging debate over Net Neutrality in India, Flipkart, which is among the partnering apps of the Airtel Zero programme, is facing serious heat on the social media.Flipkart CEO Sachin Bansal took
Mumbai: E-commerce giant Flipkart is looking to raise around $5 billion through an initial public offering (IPO) on the US bourses in the next 18 months, a report in the Economic Times stated.To carry out
Bangalore: India's largest e-retailer Flipkart Tuesday apologised to millions of its customers a day after its promises of bumper discounts and offers of unbeatable prices on orders placed for plethora of products came a cropper."We
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