Bansals look set to return to the limelight at Flipkart

Flipkart co-founders Binny Bansal (left) and Sachin Bansal. Starting January 2017, CEO Kalyan Krishnamurthy and Tiger Global Management have been in charge of the e-commerce firm. Photo: PTI and Mint

Mumbai: Flipkart Ltd’s fundraising in April, which saw Tencent Holdings Ltd become a shareholder, and a proposed deal with SoftBank Group Corp., may see the return of Sachin and Binny Bansal, co-founders of the company, to more prominent positions in one of India’s most storied internet companies.

A Flipkart spokesperson didn’t respond to an email seeking comment, but the company’s official position all along has been that the Bansals never went anywhere. Still, it has been clear to most people that starting January 2017, when Kalyan Krishnamurthy was named CEO of Flipkart, he and Flipkart’s largest investor Tiger Global Management have been in charge.


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