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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.
It manufactures personal electronics devices such as smartphones, tablets and laptops, and accessories such as powerbanks. In April 2012, Xolo launched India's first smartphone with an Intel processor, the Xolo X900. [2] [3] Xolo was the first Indian manufacturer to partner with AMD to launch a tablet, the Xolo Win tablet. [4]
The first Lava laptop, the Helium 14, was launched exclusively on Flipkart on June 29, 2017. [14] Lava Prime X, the first phone designed in India, was launched on January 24, 2018. [15] The first smartphone under the Benco brand, the Lava Benco V8, was launched on November 4, 2019. [16]
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]
The HP ProBook is a line of laptop computers made by Hewlett-Packard since 2009, [1] marketed to business users but with a list price lower than that of HP's higher-end EliteBook series. [ 2 ] History
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]