Flipkart co-founder Binny Bansal has stepped down from Indian fintech PhonePe's board of directors, three quarters after making a similar move at the Binny Bansal, who undertook the acquisition of PhonePe by Flipkart in 2016,

Flipkart co-founder Binny Bansal has resigned from the board of directors at PhonePe. The decision comes three quarters after he had made a similar move at Flipkart. Bansal played a key role in Flipkart's acquisition of PhonePe in 2016 and has been on the board of the fintech firm since then.

MUMBAI: Flipkart co-founder Binny Bansal has stepped down from the board of PhonePe, the fintech which the e-commerce firm had acquired in 2016 under Bansal's watch and has now separated from Flipkart.