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Image Credits: Manish Singh / TechCrunch. Flipkart said on Monday it has raised $3.6 billion at a post-money valuation of $37.6 billion in what is widely believed to be the pre-IPO round for the ...
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]
The Google investment is part of a nearly $1 billion funding round that Flipkart kicked off in 2023. Walmart has led the round, having invested $600 million in it late last year. (Microsoft is ...
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 maintains a leading position in India’s e-commerce market, which HSBC estimates generated $60 billion-$65 billion in sales last year. According to Bank of America, the platform serves ...
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]
The deal is likely to value Flipkart at roughly $18 billion to $20 billion. Walmart will look to own a roughly 60 percent stake, while Alphabet will get about 15 percent ownership of the online ...
Bentonville, Arkansas-based Walmart will acquire about a 60 percent stake in Flipkart, while Alphabet will get a roughly 15 percent stake in the online marketplace for about $3 billion, one of the ...
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