Entrepreneur Binny Bansal starts new e-commerce startup OppDoor
Post his exit as the CEO of Flipkart, entrepreneur Binny Bansal has set up a new e-commerce startup called OppDoor. The new software services platform will help e-commerce brands expand their operations globally. It offers end-to-end services on global markets, customer behavior, taxation and compliance, partnerships and third party vendors to ecommerce brands.
Registered under a Singapore-based entity, the platform was earlier called, ‘Three State Ventures.’
Co-founder of Flipkart with fellow IIT-Delhi graduate Sachin Bansal, Binny Bansal stepped down as the e-commerce company’s group CEO after a probe by Walmart into his personal misconduct. Since then, he has been an active investor in Indian startups such as Curefoods, PhonePe and Acko. He is also one of the biggest investors in the early-stage fund O21 Capital as well as xto10x.
Bansal’s stake sale in Flipkart to Walmart is estimated to have earned him $650 million.
