SoftBank deal impact: Flipkart founders set to play more active roles in their firm

Binny Bansal Co Founder flipkart

Bengaluru: Flipkart co-founder and group CEO Binny Bansal will start playing a more active role in the company, along with executive chairman and co-founder Sachin Bansal, after Flipkart and its investors struck a $2.6 billion deal with SoftBank Vision Fund, three people familiar with the matter said.

Since becoming Flipkart CEO on 10 January, Kalyan Krishnamurthy (Binny is group CEO) has been running the online retailer, with the Bansals almost entirely out of the day-to-day operations at the company.

But since May, starting with the removal of chief operating officer Nitin Seth, who was close to Krishnamurthy, Binny Bansal and Sachin Bansal have been reasserting themselves at Flipkart

Read more at:mint