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Satyam Bansal Exits Flipkart

Satyam Bansal, Chief of Staff for Executive Chairman and co-founder of Flipkart Sachin Bansal exits Flipkart after a three year stint to join Hotstar, an online video streaming platform, as its Senior Vice President – Partnerships & Distribution, in Mumbai.

Indian start-up founders need more hand-holding to be at the helm of affairs and it is about time that professional managements are brought into play, observes Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research.

He said, as and when this happens at Flipkart, other Indian start-ups that look up to Flipkart will take the cue and start the process of reassessing leadership skills internally and look beyond founders to professionals to manage their companies.

Pointing out that Flipkart has been very dismissive of the spate of senior exits from the company over the last 12 months, failing to communicate responsibly about them to the market, Gogia said “Flipkart is a large company, operating like a listed company without actually being a listed company and requires to be able to understand the importance of such exits, learn from it and communicate it maturely to the market.”

Source: Hindu Business Line

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