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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.
PhonePe, which leads the mobile payments market in India, was valued at $5.5 billion in a funding round it unveiled in late 2020. In July, Flipkart Group raised $3.6 billion at a valuation of $37. ...
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]
BPL Mobile (Loop Mobile) 1995 2014 Ceased operations after expiration of licence: Virgin Mobile India / T24 Mobile: 2009: 2015 Merged into Tata Docomo : Singtel: 2009 2017 Acquired by Reliance Communications Videocon Telecom: 2010: 2016 Shut down following sale of spectrum to Bharti Airtel: MTS India: 2009 2017
Flipkart leads the Indian e-commerce market and is valued at over $32 billion. It sees value in certain assets of Dunzo’s, including the younger Bengaluru-headquartered firm’s business-to ...
Flipkart said last week it was acquiring a 100% stake in Walmart’s India business, which had limited standalone presence in the country and operated Best Price, a cash-and-carry business that ...
Snapdeal is an Indian e-commerce company, based in New Delhi, India. It was founded in February 2010 by Kunal Bahl and Rohit Bansal. [2] Snapdeal is one of the top 10 online marketplaces in India. [3] Snapdeal targets the value e-commerce segment, which Bahl estimated to be three times larger than the branded goods market.
PhonePe, in addition to separating from Flipkart, has also moved its headquarters to India and raised $850 million in recent quarters as it bulks its war chest and enters new categories, including ...