Walmart-Flipkart $16 billion deal: Following his exit from India\u2019s e-commerce major Flipkart, after world\u2019s largest retailer Walmart picked up a 77% stake for $16 billion, co-founder Sachin Bansal said that his work is done, and it\u2019s time to move on. Walmart CEO Doug McMillan confirmed Sachin Bansal\u2019s exit from the firm, adding that there are no other major changes in the leadership. \u201cDon\u2019t see more changes in leadership apart from Sachin Bansal\u2019s exit,\u201d Doug McMillan, CEO, Walmart said while addressing the Flipkart employees after the deal. Notably, Sachin Bansal will sell his entire 5.5% stake for about $1billion and exit the company he co founded with IIT Delhi college mate Binny Bansal, leaving behind questions on his abrupt departure. \u201cFlipkart truly upheld audacity and customer centricity and I got to work with the best people. We took on some of the biggest challenges and solved many complex problems for india,\u201d Sachin Bansal said in a Facebook post. Taking stock of his decade long stint in the e-commerce major, Basal said, \u201cSadly my work here is done and after 10 years, it\u2019s time to hand over the baton and move on from Flipkart. But I\u2019ll be watching and cheering from the outside \u2014 Flipsters, you better continue to do a good job!\u201d While there are various rumours regarding his decision to move on, with media reports suggesting that \u00a0Sachin not agreeing to Walmart\u2019s terms could be a factor, Sachin Bansal said that he will be taking the time off to complete some personal projects. \u201cI\u2019ll be taking some long time off and focus on finishing a few personal projects which I haven\u2019t been able to find time for. Will catch up on gaming (and see what kids are playing these days) and brush up on my coding skills,\u201d he said. Even as Sachin Bansal moves on, co-founder Binny Bansal \u00a0will stay on as Flipkart Group CEO, along with Flipkart CEO Kalyan Krishnamurthy. Tencent and Tiger Global will continue on the Flipkart board, joined by new members from Walmart. The company said that the final make-up of the board has yet to be determined, but it will also include independent members.