Mukesh Bansal, the head of Flipkart‘s e-commerce platform, calls it quit on Wed (10th Feb ’16) to start a new venture by the end of this year. The firm was hit by another top-level exit as senior executive, Ankit Nagori, its chief business officer also decided to leave the company.
The unexpected news came shortly after management rejig at India’s largest e-commerce company which saw Binny Bansal taking over as the CEO and Sachin Bansal moving to the role of executive chairman.
“As Flipkart is doing really well with a great management team, I felt this was the right opportunity for me to step back” Mukesh Bansal
A Flipkart’s spokesperson announced :
“Mukesh Bansal is moving out of his active role to be an advisor to the company”
“Ankit Nagori is also moving on to start an entrepreneurial venture in the sports domain”
40 yrs old, Mukesh Bansal who founded Bengaluru-based online fashion retailer ‘Myntra‘, told that he would leave at the end of March while Nagori said he would be stepping down over the next quarter.
In a letter to Flipkart employees , Mukesh wrote :
“My incredible journey with Myntra and Flipkart comes to an end. It has been amazing nine years filled with lot of learning, privilege to work with outstanding people and chance to participate in building future industry of India that will impact hundred of millions of people”
“When Ashutosh and I started Myntra in 2007, we never dreamt in our wildest imagination that we will come this far.”
“My two years with Flipkart has been nothing short of fairy tale! Sachin and Binny have built a very unique company that has practically created the eCommerce industry in India and consistently led in innovation like COD, eKart, 30 Day Returns and mCommerce.”
“I have enjoyed every minute of my time with Flipkart and felt inspired every moment. In last two years, we have established very strong leadership in Fashion, transformed the business into Marketplace model, increased our Smartphone market share to 60% and built differentiators in Large.”
“I am very excited with Binny coming in as CEO and my transition will enable him to work directly with CP leadership.”
Flipkart, an e-commerce firm, founded in year 2007 by Sachin Bansal and Binny Bansal, is currently competing to retain its primacy against other e-commerce giants Amazon and Snapdeal.
Source : NDTV