In a development that came as a surprise to many, Flipkart’s Mukesh Bansal, Head of Commerce & Advertising and its Chief Business Officer, Ankit Nagori have put in their papers.
However, Bansal, who joined Flipkart in 2014 will continue to be an advisor to the company.
In an emailed statement, a Flipkart spokesperson said, "Mukesh Bansal, Head of Commerce Platform, Flipkart is moving out of his active role to be an advisor to the company. Mukesh has played a huge role in making Myntra the number one fashion destination and helped build a strong platform at Flipkart.”
Mukesh Bansal, an alumni of IIT-Kanpur founded Myntra in 2007 which was later sold to Flipkart at an estimated Rs. 2,000 crore deal.
"Ankit has played an instrumental role in introducing newer initiatives at Flipkart and building the marketplace model for the company. Sachin and Binny will be supporting Ankit in his new initiative and will be his first investors," the statement said.