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2007–2010: Start-up phase. 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 ...
Trisha Bansal. 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. [ 4][ 5] He was the chief operating officer until January 2016, when he was promoted to chief executive ...
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 ...
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]
Alphabet's Google will pick up a minority stake worth $350 million in Walmart-backed Flipkart, valuing the Indian e-commerce firm at $37 billion, a source with direct knowledge of the matter told ...
Walmart's Flipkart marketplace and PhonePe payments business in India could be $100 billion businesses buoyed by strong growth, the retailer's chief financial officer said on Wednesday at an ...
September 2023 () [21] Artificial intelligence: United States Sam Altman, Greg Brockman, Ilya Sutskever: Binance: 80-90 September 2021 () [13] Cryptocurrency: United Arab Emirates Changpeng Zhao: Shein: 66 May 2023 () [13] E-commerce: China Chris Xu Stripe: 50 March 2023 () [13] Financial services: United States and Ireland
On December 2023, ONDC touched 5.5 million transactions in a month of which 2.1 million is from retail category while 3.4 million from mobility category. Retail purchase has grown from 1,281 in January 2023 to 2.1 million in December 2023. [63]