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It will be integrated with banks, fintechs and e-commerce players. Initially it will go live with AU Small Finance Bank, Axis Bank, HDFC Bank, IDFC First Bank, and YES Bank. [63] During Diwali week, ONDC recorded nearly 1.2 million transactions from 6 November to 13 November 2023 across 600+ cities. [64]
Flipkart Private Limited is an Indian e-commerce company, headquartered in Bangalore, and incorporated in Singapore as a private limited company.The company initially focused on online book sales before expanding into other product categories such as consumer electronics, fashion, home essentials, groceries, and lifestyle products.
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]
The market went up to $12.6 billion in 2013. In 2013, the e-retail segment was worth US$2.3 billion. About 79% of India's e-commerce market was travel related in 2013. [11] According to Google India, there were 35 million online shoppers in India in 2014 Q1 and was expected to cross 100 million mark by end of year 2016. [12]
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]
Naraka Chaturdashi (also known as Kali Chaudas, Narak Chaudas, Roop Chaudas, Choti Diwali, [1] Narak Nivaran Chaturdashi and Bhoot Chaturdashi) is an annual Hindu festival that falls on Chaturdashi (the 14th day) of the Krishna Paksha in the Hindu calendar month of Ashvin (according to the amanta tradition) or Kartika (according to the ...
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]
[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 ]