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.

Bansal played a pivotal role in Flipkart's acquisition of PhonePe in 2016 and has worked closely with PhonePe founder Sameer Nigam since then, including after the payments firm’s separation from Flipkart.

Binny Bansal has left PhonePe's board. He previously left Flipkart's board. PhonePe appointed a new director, Manish Sabharwal. PhonePe separated from

Binny Bansal has stepped down from PhonePe's board, following his earlier departure from Flipkart. This and more in today’s ETtech Top 5.