Flipkart’s Binny Bansal steps down from Blackbuck’s Board
Binny Bansal, the chief executive of e-commerce major Flipkart, has stepped down as director from the board of logistics startup Blackbuck.
Sankalp Gupta, Flipkart’s director of corporate development, has replaced Bansal, who cited personal reasons for stepping down.
Flipkart is one of Blackbuck’s existing investors. In 2015, the logistics startup raised $5 million in its Series A round from Accel Partners and the homegrown e-commerce major. Flipkart also participated in the startup’s subsequent $25 million Series B round in December 2015 and the $70 million Series C round in March 2017.