The behind-the-scenes story of Sachin Bansal’s exit from Flipkart5 min read . Updated: 18 May 2018, 12:45 PM IST
Walmartwas initiallykeen onretaining Sachin Bansal, but reversed its stand after the Flipkart board, led by Tiger Global Management's Lee Fixel decided to cuthim out
Bengaluru/New Delhi: Sachin Bansal’s fate at Flipkart was sealed in Bentonville, Arkansas, in late April. Sachin Bansal, co-founder and then chairman of Flipkart, along with Lee Fixel and other representatives of the company were hunkered down in Arkansas, home of retail giant Walmart Inc. They were in the last stage of negotiations to sell a majority stake in Flipkart Pvt. Ltd to Walmart.
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