Flipkart co-founder Binny Bansal exits PhonePe board, replaced by policy expert Manish Sabharwal.

Flipkart co-founder Binny Bansal has left the board of digital payments company PhonePe, which he helped acquire in 2016. Bansal, who also recently exited Flipkart’s board, retains a 1% stake in PhonePe. PhonePe has appointed Manish Sabharwal as an independent director and chair of its audit committee. Sabharwal, known for his expertise in policy-making and education, aims to enhance PhonePe's financial reporting and risk management.

November 22, 2024
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