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Flipkart co-founder Binny Bansal leaves board
Flipkart co-founder Binny Bansal has resigned from the e-commerce group's board, the two said Saturday. Sachin Bansal, the Bengaluru-headquartered Flipkart co-founder Binny Bansal has resigned from the e-commerce group's board, citing conflict of interest with new venture.
OppDoor offers end-to-end solutions — including market entry analysis, demand mapping, inventory management, cross-border logistics and taxation assistance — to businesses, according to its website. The move also follows Bansal selling his entire stake in Flipkart, which was acquired by Walmart in 2018 for $16 billion, in recent years ahead of the e-commerce group’s much-awaited IPO, which is now slated for 2025. 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,” Bansal said in a statement.
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