The behind-the-scenes story of Sachin Bansal’s exit from Flipkart

Sachin Bansal’s fate at Flipkart was sealed in Bentonville, Arkansas, in late April. Sachin Bansal, co-founder and then chairman of Flipkart, along with Lee Fixel and other representatives of the company were hunkered down in Arkansas, home of retail giant Walmart Inc. They were in the last stage of negotiations to sell a majority stake in Flipkart Pvt. Ltd to Walmart.