Flip­kart’s Binny Bansal steps down from Black­buck’s Board

Shoes & Accessories - - The Month That Was -

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.

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