Binny Bansal exits Flipkart to build OppDoor

Binny Bansal, co-founder of e-commerce giant Flipkart, has stepped down from the company’s board after 16 years at the helm. His departure comes after a five-year non-competing clause included in the deal to sell his remaining stake in the company to Walmart in May 2018 came to an end.

Bansal will now focus on his new e-commerce entrepreneurial venture, OppDoor, which aims to offer end-to-end solutions to e-commerce platforms for international expansion and includes design, product, and human resource support.