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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.
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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]
Binny Bansal (born 1982/1983) is an Indian billionaire [2] [3] Internet entrepreneur. [3] As of February 2024, his net worth was estimated at US$1.4 billion. [1] In 2007 he co-founded the e-commerce platform Flipkart.
Flipkart introduced Shopsy in July 2021 [3] [4] as a mobile app that allowed people in India to launch their own online reseller business. [5] [6] [7] By August 2021, the app had adopted a zero-commission marketplace model. [8] [9] Later, Shopsy shifted its focus to become a B2C company. [10]
Flipkart Private Limited. Best Price Modern Wholesale - 29; Flipkart; PhonePe Japan Entered March 2002 Seiyu Group [9] Seiyu Supermarket; Seiyu Hypermarket; Livin; Sunny; Seiyu (General Merchandise) De-consolidated in 2020, with 15 percent now owned by the company, KKR owning 65% and Rakuten DX Solutions owning 20%. Kenya Entered 28 May 2015 (4 ...
Flipkart Video was an India-based OTT (Over the Top) video streaming platform operated by Walmart-owned Flipkart. [ 1 ] [ 2 ] It was launched in 2019, and has lined up content from partners like Voot , Arre , Viu , TVF , Pocket Aces' Dice Media and more.
India has an Internet user base of about 690.0 million as of November 2023, about 40% of the population. [1] Despite being the second-largest user base in world, only behind China (1.079 billion, 48% of population), the penetration of e-commerce is low compared to markets like the United States (266 million, 84%), or France (54M, 81%), but is growing, adding around 6 million new entrants every ...