Myntra founder Mukesh Bansal and chief business officer Ankit Nagori to quit Flipkart

Mukesh Bansal, Flipkart’s head of commerce and founder of Myntra has announced his exit from the company. In addition, Chief Business Officer at Flipkart Ankit Nagori is also leaving the company.

mukesh bansal Myntra

The announcement comes soon after Binny Bansal co-founder was made chief executive officer and Sachin Bansal elevated to the role of executive chairman last month. Mukesh says he is taking a break before launching his own startup. He will continue with Flipkart until end of March, while Nagori will stay on until May. Mukesh who founded Myntra in 2007, sold it to Flipkart for a reported sum of $375 million. Meanwhile, Nagori stated that he will launch a sports talent development company that will be funded initially by Flipkart co-founders Sachin Bansal and Binny Bansal. As a result of the resignation from the two executives, Binny Bansal will now consolidate Flipkart in order to compete against the likes of and Snapdeal.

Ankit Nagori

Flipkart said in an official statement

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.


Author: Sneha Bokil

Sneha Bokil is a tech enthusiast and is currently using OnePlus 3T but she still treasures her Nokia N70 (M). You can follow her on Twitter @snehabokil and on Google+