Published On: Wed, Feb 10th, 2016

Mukesh Bansal leaves Flipkart

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Mukesh Bansal, head of commerce platform at India’s largest e-retail company Flipkart, and Ankit Nagori, the company’s chief business officer, have called it quits from the ecom giant.

lipkart’s Chief Business Officer Ankit Nagori has also quit the firm to start an entrepreneurial venture in the sports domain. Interestingly, Flipkart co-founders Sachin and Binny Bansal are the first investors in his new company.

Bansal, who joined Flipkart when the online marketplace acquired fashion e-tailer Myntra in 2014, will continue to be an advisor to the company.

“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,” a Flipkart spokesperson said in an emailed statement.

Mukesh Bansal plans to take a break from work for the next 3-6 months to spend time with family.

A computer science graduate from IIT-Kanpur, Bansal founded Myntra in 2007. He sold Myntra to Flipkart in one of the largest M&A deals in the Indian e-commerce space. While neither companies had disclosed the deal size, it was estimated to be worth about Rs. 2,000 crore.

Flipkart, in a media statement, said Mukesh will continue to play an advisory role in the company. “Mukesh has played a huge role in making Myntra the number one fashion destination and helped build a strong platform at Flipkart, including India’s strongest leadership team. Ankit Nagori, chief business officer, Flipkart, is also moving on from Flipkart to start an entrepreneurial venture in the sports domain. Ankit has played an instrumental role in introducing newer initiatives at Flipkart and building the marketplace model for the company,” it said.

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