Flipkart co-founder Binny Bansal exits board

BENGALURU: Binny Bansal has resigned from ecommerce major Flipkart’s board. This comes after about six months of selling his entire stake in the company. He also recently launched his new start-up OppDoor, which is based in Singapore.

In a statement, Bansal said, “I am proud of the Flipkart Group’s achievements over the past 16 years. Flipkart is in a robust position, with a strong leadership team and a clear path forward, and with this confidence, I have decided to step aside, knowing the company is in capable hands. I wish the team the best as they continue to transform experiences for customers, and I remain a strong supporter of the business.”