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Flipkart slowly grew in prominence and was receiving 100 orders per day by 2008. [16] Flipkart acquired WeRead in 2010 from Lulu.com that helped it build its foundational strength which was the digital retail of books. This space was otherwise only shared by very limited number of players at that time in the market, such as Landmark and ...
Snapdeal is an Indian e-commerce company, based in New Delhi, India. It was founded in February 2010 by Kunal Bahl and Rohit Bansal. [3] Snapdeal is one of the top 5 online marketplaces in India. [4] Snapdeal targets the value e-commerce segment, which Bahl estimated to be three times larger than the branded goods market. [5]
As per government, ONDC will charge 8–10% of the selling price of the product compare to 18–40% charged by Amazon and Flipkart. The commission rate is not fixed and will be decided by market forces. [56] Small retailers are also less to fear that the platform will open dark stores. [57] Restaurants will have access to customer data. [58]
Shopsy is a zero-commission marketplace model for sellers in India. It is a digital commerce initiative by Flipkart, the Bengaluru-headquartered and Walmart-owned e-commerce company with over US$7.7 billion in annual revenue (FY 2022). [21] [22]
Similarly, few regions in India consider the period between consecutive Sankarantis as one month and few others take the period between consecutive Purnimas as a month. In Gujarat the new year is celebrated as the day after Diwali. As per the Hindu Calendar, it falls on Shukla Paksha Pratipada in the Hindu month of Kartik.
[168] [r] ASSOCHAM, a trade organisation in India, forecasted that online shopping alone to be over ₹ 300 billion (US$3.5 billion) over the 2017 Diwali season. [171] About two-thirds of Indian households, according to the ASSOCHAM forecast, would spend between ₹ 5,000 (US$58) and ₹ 10,000 (US$120) to celebrate Diwali in 2017. [ 172 ]
The holiday shopping season in India has traditionally been aligned around the "festive period" of major festivals usually falling around October or November, such as Diwali. [ 38 ] [ 39 ] [ 40 ] Similar to US-style shopping events such as Black Friday, online retailers adopted the practice of holding multi-day promotions during this period ...
In 2018, Bansal exited Flipkart following the Walmart deal. [6] In 2007, Sachin Bansal and Binny Bansal (not related) founded Flipkart whose valuation in 2018 was $20.8 billion. [7] In 2018, Bansal held a 5.5 per cent stake in Flipkart, which he sold to Walmart and his net worth then was a little over $1 billion. [7]