Co-founder Binny Bansal Resigns from Flipkart Board

Binny Bansal, a co-founder of Flipkart, has left the board of the e-commerce company after over sixteen years.

After starting a new business in the e-commerce industry earlier this week, Binny Bansal addressed the board to announce his decision to leave, as reported by The Economic Times.

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Bansal's OppDoor, is a software development platform meant to help emerging online shops expand globally.

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Bansal is a member of the PhonePe board as well. The biggest investor in PhonePe is still Walmart.

The IIT-Delhi alumni cofounded and provided funding for the startup consulting company xto10x. He is also the biggest investor in the venture fund 021 Capital.

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About Flipkart

Flipkart is a part of the Walmart-owned Flipkart Group, which also includes group companies Flipkart Wholesale, Flipkart Health+, Cleartrip, and Myntra.