💥Binny Bansal, having recently divested his remaining stake in Flipkart, is actively shaping strategies to establish a fresh startup, as indicated by sources familiar with the situation.
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Having amassed approximately $1-$1.5 billion from his shares in Flipkart, Bansal aims to foster a startup specializing in cross-border e-commerce.
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Unlike the consumer-centric model of Flipkart, his focus lies in establishing a startup that will offer support in design, product development, and manpower to both Indian and global e-commerce entities.
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Described as akin to a Knowledge Process Outsourcing (KPO) firm for e-commerce, the envisioned initiative seeks to construct a global entity that collaborates with commerce companies, furnishing them with backend assistance, according to one of the sources mentioned earlier.
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Another source disclosed that Bansal is actively seeking a CEO to oversee his upcoming venture.
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While Binny Bansal intends to invest his capital, he does not plan to take on an operational role, contrasting with Sachin Bansal, the other co-founder of Flipkart, who is deeply involved in running Navi on a full-time basis.
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