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Why Mukesh Bansal Resigned from Flipkart

Weeks after the top-level rejig at Flipkart, its head of commerce and advertising business Mukesh Bansal has put in his papers. Mukesh Bansal is the co-founder of fashion e-commerce brand Myntra which got brought over by Flipkart in May 2014 for $330 million. Apart from Mukesh, Flipkart's Chief Business Officer Ankit Nagori has also quit the firm to start an entrepreneurial venture in the sports domain. A statement by Flipkart's spokesperson said, “Mukesh Bansal, Head of Commerce Platform, Flipkart is moving out of his active role to be an advisor to the company. Mukesh has played a huge role in making Myntra the number one fashion destination and helped build a strong platform at Flipkart.” It further said Mukesh plans to take a break from work for the next 3-6 months to spend time with family. After the takeover by Flipkart, Mukesh was put in charge of the entire fashion domain of Flipkart. There were even rumours that he would be elevated to CEO of Flipkart afte...