Co-Founder Binny Bansal quitting as Flipkart Group Chief Executive Officer after an investigation into alleged sexual assault is expected to make the transition easier for Walmart Inc. The retail giant, which bought 77 percent stake in India’s largest online retailer for $16 billion in its biggest acquisition, can now speed up integration.
Binny’s exit will have zero impact as far as the daily operations are concerned, said Sanchit Vir Gogia, founder and CEO at Greyhound Research. “It will work more in Walmart’s favour with all the founders out. They (Walmart) can strengthen their control.”
Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, an award-winning global research & advisory firm. To read more about him, click here.
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