Earlier this month, Binny announced a new venture called 'OppDoor', which will help e-commerce companies expand operations globally by providing them with end-to-end solutions.
"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," Binny said in a statement.
Furthermore, in the six-month period ending on July 31, the company secured $0.7 billion in fresh equity funding for its majority-owned subsidiary, PhonePe.
