Around the Net
Flipkart, India's Amazon, Flips CEO
- Re/code, Tuesday, January 12, 2016 8 AM
India has an Amazon competitor. It’s called Flipkart, and its co-founder Sachin Bansal has stepped down as CEO. He will be replaced by his co-founder, Binny Bansal (no relation). Bansal will become executive chairman and “mentor the senior leadership of the company and look for new investment opportunities,” the company said in the announcement. Binny Bansal, formerly chief operating officer, will now run the business day to day.
