Binny Bansal, co-founder of India’s e-commerce behemoth Flipkart, has sold Flipkart shares worth $76 million (Rs 531 crore) to Walmart’s Luxembourg based subsidiary arm, according to business intelligence platform Paper.vc. This has brought Bansal’s stake in the Walmart owned company from 3.85% to 3.52%. Binny Bansal sells $76 million worth Flipkart shares to Walmart arm Bansal had…

Barely 48 hours after Binny Bansal’s shocking resignation, Flipkart is probably waiting for another big shake-up. According to Economic Times, India’s largest online retailer may witness exodus of nearly 20 senior executives. However, this exodus has mostly nothing to do with Binny Bansal’s resignation. The buzz is that this exodus is mostly the result of the…