Flipkart co-founder Binny Bansal announced his resignation as the CEO of the group, effective immediately. The decision came to light after Flipkart and Walmart released a statement informing the same. ┬áThe statement read, ‘Earlier today, Binny Bansal announced his resignation as CEO of Flipkart Group, effective immediately. Binny has been an important part of Flipkart since co-founding the company, but recent events risked becoming a distraction & Binny has made a decision to step down’.

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