Binny Bansal, who co-founded e-commerce major Flipkart (in 2007) along with Sachin Bansal has stepped down from the company’s board. Binny set up a new ecommerce startup OppDoor. As per sources quoted in media reports, Binny cited a conflict with his new venture in the e-commerce sector.
Binny 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.”
Binny began his career as a software engineer at Sarnoff and held a similar position at Amazon. He is also a board member and an advisor at GreyOrange, Acko, Curefoods, PhonePe, IIT Delhi Endowment; 021 Capital and Udhyam Learning Foundation, N/Core.