12/02/2016

InLettertoCoWorkers,MukeshBansalTalksofLifeAfterFlipkart|NDTVGadgets360.com
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In Letter to Co-Workers, Mukesh Bansal Talks of Life

After Flipkart
by Gadgets 360 Staff , 11 February 2016
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Mukesh Bansal, the head of Flipkart's

commerce platform, has in a letter to his coworkers, said, "My two years with Flipkart has
been nothing short of fairy tale!"

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commerce firm along with another senior

executive, chief business officer Ankit Nagori.
Both executives said they were leaving to start

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their own separate ventures. Though Bansal

stressed in his note that he will first enjoy "a

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long break" and catch up on "reading, travel

and fitness" along with spending quality time
with his kids to "catch up on all the fun I have
missed with them all these years."
The departures came a month after
restructuring at the company that saw cofounder Binny Bansal, former chief operating officer, become chief executive. "Binny, along with the
leadership and the amazing talent pool at Flipkart will do justice to any mandate," said Mukesh Bansal,
amid talk that he was upset with Binny Bansal's new designation.
Mukesh Bansal said he would leave at the end of March while Nagori said he would be with the
company over the next quarter.
Mukesh Bansal founded Bengaluru-based Myntra, India's leading online fashion retailer, which was
acquired by Flipkart in 2014.

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Flipkart, launched in 2007 by Binny and Sachin Bansal, two former Amazon employees, is competing to
retain its primacy against Amazon and Snapdeal.
Here's the letter sent by Mukesh Bansal to Flipkart employees in full:

12WaystoUseYourAndroid
Efficiently

Time to pass on the Baton!

Hi All - My incredible journey with Myntra and Flipkart comes to an end. It has been
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12/02/2016

From March

InLettertoCoWorkers,MukeshBansalTalksofLifeAfterFlipkart|NDTVGadgets360.com
Hi All - My incredible journey with Myntra and Flipkart comes to an end. It has been

amazing nine years filled with lot of learning, privilege to work with outstanding people and
Kalyan Jewellers
Partners Flipkart to
Sell Jewellery
Online

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chance to participate in building future industry of India that will impact hundred of
millions of people.
When Ashutosh and I started Myntra in 2007, we never dreamt in our wildest imagination
that we will come this far. What's even more amazing is that it seems we are just getting
started and the journey ahead for Flipkart/ Myntra is going to be even more fascinating
and at the scale that India has never seen before.

Enteremailforournewsletter

Today, Myntra is by far the best fashion destination in the country and is run by a strong,
passionate leadership team led by Ananth. I am confident that this team will make Myntra

TRENDING

an iconic company which will change the face of fashion industry in India. Myntra is leading
the industry with premium service, differentiated shopping experience, unique in-house
brands and lot of progress towards achieving profitability. I am particularly proud of the

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culture at Myntra which is a huge source of strength and differentiation and inspiration for
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My two years with Flipkart has been nothing short of fairy tale! Sachin and Binny have built
a very unique company that has practically created the eCommerce industry in India and
consistently led in innovation like COD, eKart, 30 Day Returns and mCommerce. The
Audacity, Flipkart first and Bias for action have been cornerstone of the Flipkart culture
that enables us to dream big and consistently beat our own expectations. We are well on
our way to build India's first real tech company, drive genuine innovation and transform
commerce in India through technology.
I have enjoyed every minute of my time with Flipkart and felt inspired every moment. In
last two years, we have established very strong leadership in Fashion, transformed the
business into Marketplace model, increased our Smartphone market share to 60% and
built differentiators in Large. We have pivoted to completely mobile first company with 60%

Kalyan Jewellers Partners Flipk

Jewellery Online

mCommerce market-share for the group. We have embarked on the journey to be a strong

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product/tech organisation with very high caliber talent. Last year, we set out to build the

Under Threat

best leadership team in India and we have done exactly that. With the caliber of this team, I
am very confident that Flipkart is in safe hands and this team is eminently capable of
charting the course for next phase of Flipkart journey.

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I am very excited with Binny coming in as CEO and my transition will enable him to work

Maharashtra

directly with CP leadership. Binny's ability to drive execution rigour, objectivity and long
term vision for Flipkart will give us best shot in dealing with the challenges that lie ahead.
Binny, along with the leadership and the amazing talent pool at Flipkart will do justice to
any mandate and continue to push the boundaries for eCommerce/Internet businesses in
India and beyond. I will transition my role to Binny and will be available as long as required
to ensure a smooth and successful transition. With this team in place and the momentum
on multiple fronts, CP is in great hands and I feel confident that this is right time for me to
move on to next phase.
Even though my journey comes to an end, I will always be deeply emotionally connected to
Flipkart and Myntra. I will continue to be available from outside as sounding board and
mentor to the team. Last nine years have completely transformed me as a person and I will
cherish every moment. The hardest part will be to part ways with all the incredible people I
had the privilege to get to know and work with. I will seek you out over next few weeks to
say my good-byes in person and to celebrate what we have achieved together.

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