Flipkart co-founder Binny Bansal, who resigned from his position as group CEO at India’s most valued ecommerce company, plans to make a comeback to India’s startup landscape.
Reportedly, Bansal along with former McKinsey consultant Saikiran Krishnamurthy, is launching a Bengaluru-based tech company – XTo10X Technologies – offering technology tools, learning and consulting services to growth-stage startups which are looking to scale up.
While Krishnamurthy’s LinkedIn profile was updated to founder of XTo10X Technologies in October 2018, Bansal’s profile shows no such signs yet. Also, Sailesh Tulshan, the personal investment adviser to the Flipkart’s Bansals, and the founder of venture fund 021 Capital, has been appointed as the director of the company on October 3, 2018, according to Tofler.
Krishnamurthy earlier worked with Flipkart for a year between 2015-16 and was the head of eKart (Flipkart supply chain business). Since then, he has held the position of head – Marketplace with Ola for 11 months starting September 2017. Both the co-founders have reportedly pumped the initial funds into the new venture.