11 January, 2016, Bangalore: In an interesting move, Flipkart, one of India’s largest online marketplaces has appointed Binny Bansal as its new CEO. Bansal, Co-Founder, Flipkart was earlier working as the COO of the company. On the other hand, the current CEO and Co-Founder of Flipkart, Sachin Bansal has stepped down from CEO position and now he will be serving as executive chairman of the company, reports Times of India.
Binny Bansal, co-founder and CEO, Flipkart said, “At Flipkart, we have come a long way in our eight year journey. Today, we are in a very strong leadership position with over 60 per cent market share of the m-commerce market, 50 million customers and clear leadership in smartphones and fashion. The journey ahead is equally exciting and challenging. Flipkart has all the necessary ingredients of brilliant talent and great technology to win this next phase as well. We will continue to build world-class customer experience, expand our supply chain infrastructure to reach all parts of India, drive innovations in mobile commerce and bring in disruptive technologies.”
Mukesh Bansal on the other hand, has managed to secure his position as head of commerce plat form. He opined, “These are exciting times for Flipkart. We have achieved leadership in e-commerce based on our focus on the Indian consumer and a great execution capability. Today, Flipkart is a brand trusted by millions across India backed by a robust seller ecosystem and world-class technology. We are confident that in the coming years, we will continue this momentum as we spread the benefits of e-commerce across the length and breadth of India.”