Binny Bansal, co-founder of Flipkart, has launched Opptra, a new business to help consumer brands expand into Asia.
Opptra is building a portfolio of franchising businesses in local markets, supported by centrally developed technologies and a global supply chain infrastructure.
Each franchising business will operate as a master franchisee or licensing partner, leveraging e-commerce expertise to accelerate expansion.
Opptra aims to balance online and offline channels based on local consumer behavior and category dynamics, with a vision to take brands from anywhere to everywhere around the world.