Mukesh Bansal has resigned from Flipkart. He was working as head of commerce and advertising. Mukesh Bansal will now be working as an advisory role.
Mukesh Bansal resigned a month after India’s top e-commerce organization Flipkart choses Binny Bansal, co-founder of Flipkart, as a new CEO.
— Sachin Bansal (@_sachinbansal) January 11, 2016
Mukesh Bansal started Myntra in 2007 and in a deal in May 2014, Myntra was acquired by Flipkart in $373 million. Since then Mukesh is working with Flipkart, for different position with a fast track record. Mukesh started as a Head of Fashion and Electronics business. He later become in charge of Marketing. He was being considered as a new CEO of Flipkart. But as Flipkart choses Binny Bansal over Mukesh Bansal, there are rumours, that this could be a reason of resignation.
Mukesh will leaving the organization in April 2016. He will take a break for 3- months and will start working on his new venture.
Along With Mukesh, Chief Business Officer Ankit Nagori also resigned from Flipkart and will leave the organization in May 2016.
— Flipkart Stories (@FlipkartStories) February 10, 2016
In a letter which Mukesh wrote to his employees he said, “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 e-commerce industry in India and consistently led in innovation like COD, eKart, 30-day return and m-commerce. The Audacity, Flipkart first and Bias for action have been cornerstone of the Flipkart culture that enables us to dream big and consistently beat our own expectations. We are well on our way to build India’s first real tech company, drive genuine innovation and transform commerce in India through technology.”
He added: “I am very excited with Binny coming in as CEO and my transition will enable him to work directly with CP leadership… Binny, along with the leadership and the amazing talent pool at Flipkart will do justice to any mandate and continue to push the boundaries for e-commerce /Internet businesses in India and beyond.”