At 33, Flipkart CEO Binny Bansal Is India’s Youngest Billionaire

There are 2 men on the list who are decades younger than everyone else. They didn’t inherit their wealth, or have famous surnames. They got there because they started a company and it happened to do really well, really quickly. Sachin Bansal and Binny Bansal are the youngest people on India’s billionaire list, and Binny, at 33, pips Sachin by a few months to be India’s youngest billionaire.

Flipkart Shuts Down Its Groceries Arm Nearby

Flipkart Shuts Down Its Groceries Arm Nearby. Last year there was a spurt of players in the online grocery delivery business with new players like Peppertap and Grofers and biggies like Flipkart with Nearby, Ola with Ola store and Amazon with Amazon groceries entering the fray. Though recent events point out to the potential lack of feasibility of a grocery delivery business. Recently, Peppertap had scaled down operations by shutting down in 6 major cities and Grofers had shut down in 9 cities.

Mukesh Bansal, Ankit Nagori Quit Flipkart

There’s going to be one fewer Bansal at Flipkart’s helm. Mukesh Bansal, who heading the commerce and advertising business at Flipkart, has resigned from the company. The move comes weeks after Flipkart’s restructuring in which longtime CEO Sachin Bansal had stepped aside and co-founder Binny Bansal had stepped in his place.