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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]
Flipkart was founded in October 2007 in Bangalore [ 11] by Sachin Bansal and Binny Bansal, alumni of the IIT, Delhi and former Amazon employees. [ 12][ 13][ 14] The company was started from a two-bedroom apartment in Kormangala, Bengaluru. The initial investment was provided by their families, which was INR 2 Lakh from each family.
Myntra continues to operate as a standalone brand under Flipkart's ownership, focusing primarily on "fashion-conscious" consumers. [ 14 ] In 2014, Myntra's portfolio included about 1,50,000 products of over 1,000 brands, with a distribution area of around 9,000 pincodes in India. [ 15 ]
Jabong.com was an Indian fashion and lifestyle e-commerce portal founded by Praveen Sinha, Lakshmi Potluri, Arun Chandra Mohan and Manu Kumar Jain. In July, 2016 Flipkart acquired Jabong through its unit Myntra for about $70 million. In February 2020, Flipkart formally shut down Jabong to shift focus completely on its premium clothing platform ...
Founder and former CEO and chairman, Flipkart. Spouse. Priya Bansal. Children. 1. Sachin Bansal (born 5 August 1981) is an Indian entrepreneur. [ 1][ 2][ 3] He is best known as the founder of Flipkart [ 4] During his over 11 year career at Flipkart, Bansal was CEO and chairman. [ 5] In 2018, Bansal exited Flipkart following the Walmart deal.
Shopclues.com. ShopClues is an Indian online marketplace, owned by Clues Network Pvt. Ltd.[ 2] The company was established in July 2011 by Sanjay Sethi, Sandeep Aggarwal and Radhika Aggarwal. [ 3][ 4] In 2015, ShopClues was valued at US$1.1 billion, [ 5] with Tiger Global, Helion Ventures, and Nexus Venture Partners as major investors. [ 2]
Online travel market in India had a growth rate of 22% over the next 4 years and reach ₹54,800 crore ($12.2 billion) in size by 2015. Indian e-tailing industry is estimated at ₹3,600 crore (US$800 million) in 2011 and estimated to grow to ₹53,000 crore ($11.8 billion) in 2015. The market went up to $12.6 billion in 2013.
Right now, you can find fur-lined adult Crocs for just $17 and stylish outdoor rugs for under $30, to add a little something to your outdoor space. As a reminder, the two-day shopping event runs ...