Sachin Bansal quits Flipkart after Walmart deal

By afaqs! news bureau , afaqs!, New Delhi | In Digital
Last updated : May 10, 2018
Writes an emotional farewell post on Facebook.

In a recent development, Flipkart co-founder Sachin Bansal has exited the business by selling his entire stake of over 5 per cent for around Rs 7,000 crore to Walmart. US retail giant Walmart has formally announced that it is buying 77 per cent of Flipkart's stake for USD 16 billion (Rs 1.02 lakh crore).

Sachin Bansal's statement on Facebook Sachin Bansal's statement on Facebook

Bansal has written a very emotional post on Facebook, hours after the formal announcement was made saying that he will be "watching and cheering from the outside".

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First Published : May 10, 2018

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