End Of Binny Bansal Era: With the resignation of Binny Bansal from the leading e-commerce company Flipkart, both the founders have now gone their separate ways. Binny will again enter the e-commerce sector.
Now he will pay full attention to ‘Oppdoor’
Certainly! The co-founder of Flipkart, Binny Bansal, has started a new business to offer complete solutions for e-commerce companies. After Walmart bought Flipkart in 2018, Bansal went his separate way from the company. Now, for the first time since leaving Flipkart, he has launched his own venture.
Mr. Bansal sold all his shares last year
Last August, Binny Bansal, Excel Company, and Tiger Global Management sold their shares to Walmart. Binny made around 1.5 billion dollars from the sale. In May 2018, five years after Walmart acquired a 77 percent stake in Flipkart for $16 billion, they decided to part ways. The agreement not to compete with Walmart ends in 2023, completing the five-year term. Now, Binny Bansal is free to venture into the e-commerce sector .
OppDoor’s niche
The company has a clear mission: to assist businesses in reaching e-commerce greatness worldwide. Its primary goal is to help e-commerce companies grow their global presence by offering comprehensive solutions to support their operations.