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Binny Bansal resigns from Flipkart board citing conflict of interest with new startup: Report

Earlier this month it was reported that Binny Bansal had launched a new e-commerce start-up OppDoor, a business-to-business (B2B) platform that would help emerging ecommerce brands expand globally.

Binny Bansal: Flipkart cofounder Binny Bansal launches OppDoor, an ecommerce startup focussed on online brands

For OppDoor, Bansal, who exited Flipkart fully last year by selling his remaining stake to Walmart, has onboarded former Flipkart executives for the venture, people aware of the matter said.

Flipkart s Binny Bansal launches OppDoor, his latest e-commerce startup

The company is registered in Singapore and was incorporated in May 2021, per filings. OppDoor was earlier called Three State Ventures Pte Ltd, which is Binny Bansal’s venture capital firm that operates from Singapore.

Flipkart co-founder Binny Bansal launches e-commerce start-up OppDoor

Flipkart co-founder Binny Bansal launches e-commerce start-up OppDoor
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Flipkart co-founder Binny Bansal opens new venture called OppDoor

With his most recent business, OppDoor, co-founder of Flipkart Binny Bansal has made a calculated strategic decision to return to the e-commerce market. After changing its name from Three State Ventures Pte Ltd, the business is now focused on offering end-to-end solutions for e-commerce companies aiming to go worldwide.

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