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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 slowly grew in prominence and was receiving 100 orders per day by 2008. [16] Flipkart acquired WeRead in 2010 from Lulu.com that helped it build its foundational strength which was the digital retail of books. This space was otherwise only shared by very limited number of players at that time in the market, such as Landmark and Infibeam.
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.
Walmart-backed Flipkart is acquiring online pharmacy startup SastaSundar to enter the healthcare segment in India as the e-commerce battle intensifies in the world’s second-largest internet market.
Walmart announced over the weekend that it has completed a $16 billion investment in Flipkart that sees it become the majority owner of the Indian e-commerce company. The deal was first revealed ...
CEO Josh Silverman tells me that since he took over in 2017, Etsy has grown from 2 million to 7 million sellers—and from 30 million to 90 million buyers. Silverman casts it as an essential service.
Based on WSJ's previous report, though, sellers have paid Amazon personnel as much as $2,000 for customers' email addresses. By knowing customers' personal accounts, the sellers can directly (and ...
To push on, Flipkart raised $1.4 billion in fresh funding from eBay, Microsoft and Tencent in April at a valuation of $11.6 billion. While it was once valued as high as $15 billion, merely being ...