Flipkart co-founder Binny Bansal has stepped down from PhonePe’s board of directors, three quarters after making a similar move at the e-commerce giant. Bengaluru-headquartered PhonePe said it had appointed Manish Sabharwal, an executive at staffing and HR firm Teamlease, as an independent director and audit committee chair. Bansal played a key role in Flipkart’s acquisition […] © 2024 TechCrunch. All rights reserved. For personal use only.

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Flipkart co-founder Binny Bansal leaves PhonePe board

Get latest articles and stories on Latest News at LatestLY.   Flipkart's co-founder Binny Bansal has stepped down from the board of PhonePe, the fintech company said on Friday.
Latest News | Binny Bansal Steps Down from Board of PhonePe.

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Binny Bansal Steps Down from Board of PhonePe

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New Delhi, Nov 22 (PTI) Flipkart's co-founder Binny Bansal has stepped down from the board of PhonePe, the fintech company said on Friday. PhonePe also announced the appointment of Manish Sabharwal as an Independent Director and Chair of its Audit Committee. In this role, Sabharwal will be instrumental in upholding the integrity and effectiveness of PhonePe's financial reporting, internal controls, and risk management practices, he company said …

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Binny Bansal steps down from board of PhonePe

Flipkart cofounder Binny Bansal has stepped down from PhonePe’s board of directors, nearly ten months after making a similar move at the ecommerce major. PhonePe said that it has also roped in Teamlease founder Manish Sabharwal as an independent director and chair of its audit committee.  Bansal had been a board member of PhonePe since 2016, following Flipkart’s acquisition of the fintech giant. Sabharwal, on the other hand, has experience acros…

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After Flipkart, Binny Bansal Exits PhonePe Board

Binny Bansal, co-founder of Flipkart, has resigned from PhonePe’s Board of Directors. Bansal has been a board member since Flipkart acquired PhonePe in 2016. Notably, the digital payments firm separated from Flipkart in December 2022. However, Binny has not sold his stake and is still the single largest individual minority shareholder at PhonePe. In January, he took a complete exit from the e-commerce marketplace Flipkart, which he co-founded al…

Flipkart co-founder Binny Bansal leaves PhonePe board

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