ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Startups

Flipkart founder's exit heralds management exodus under Walmart

US retailer's struggles in India push it to take greater control

Flipkart CEO Kalyan Krishnamurthy is well-suited to lead the company, said one analyst.    © Reuters

MUMBAI -- The unceremonious exit this week of Binny Bansal from Flipkart, the e-commerce unicorn he co-founded, may well signal the start of an exodus of senior and middle-level executives, under the company's new owners Walmart, industry watchers and experts say.

Binny, who started Flipkart in 2007 with Sachin Bansal (no relation), stepped down as CEO on Tuesday following an investigation into alleged "serious personal misconduct." Binny denies any wrong-doing.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more