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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]
^ a b "Flipkart, Myntra merge in Rs 2,000 crore deal". The Times of India. Bangalore. 23 May 2014. Archived from the original on 16 February 2015. Retrieved 21 May 2015.
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. [5] [6]
In 2023, the largest e-commerce companies in India were Flipkart, Snapdeal and Amazon. [6] In 2018, Amazon beat Flipkart and was recorded the biggest ecommerce in India in terms of revenue. [7] In 2020, Flipkart heavily outsold Amazon by almost two to one by sales during festive retail season. [8]
Flipkart In October 2007, Bansal and his co-founder, Binny Bansal, started an online bookstore, Flipkart, with an initial capital of ₹4,00,000 (4 Lakh Rupees or US$5,600). [11] They first started operating out of an apartment in Koramangala, in Bangalore, India.
This list of most-downloaded Google Play Store applications includes most of the free apps that have been downloaded at least 500 million times, and most of the paid apps that have been downloaded at least one million times on unique Android devices. There are numerous Android apps that have been downloaded more than one million times from the Google Play app store, and it was reported in July ...
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 ...
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 ...