Why Walmart would rather keep Flipkart private, for now
Over the past few weeks, much has been written about former employees of the online commerce company writing to Walmart's board, asking for liquidity on the stock options they were granted 10 to 15 years ago. On October 1, at least eight former senior executives, among them former Myntra CEO Mukesh Bansal and former chief business officer Ankit Nagori, wrote to Walmart chairman Gregory Penner, other board members and Flipkart Group CEO Kalyan Krishnamurthy, seeking a complete exit for all former employees holding vested options.
Via Economic Times
Welcome to a new edition of Full Stack. This is the place where you’ll find unfiltered commentary on all things technology.Please keep the bouquets, brickbats and suggestions coming on what you want me to write about. In the early 2010s, its founders Sachin Bansal and Binny Bansal (not related), both graduates of IIT Delhi, inspired a growing cohort of young engineers from the country's premier engineering schools, the Indian Institutes of Technology (IITs), to take the plunge into entrepreneurship rather…
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