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Flipkart
Flipkart Private Limited is an Indian e-commerce company, headquartered in Bengaluru, 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. The service competes primarily with Amazon's Indian subsidiary and domestic rival Snapdeal. As of March 2017, Flipkart held a 39.5% market share of India's e-commerce industry. Flipkart has a dominant position in the apparel segment, bolstered by its acquisition of Myntra, and was described as being "neck and neck" with Amazon in the sale of electronics and mobile phones. Flipkart also owns PhonePe, a mobile payments service based on the UPI. In August 2018, American retail chain Walmart acquired a 77% controlling stake in Flipkart for US$16 billion, valuing Flipkart at around US$20 billion. Flipkart is valued at $37.6 billion as of 2022. It is pl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shopsy
Flipkart Private Limited is an Indian e-commerce company, headquartered in Bengaluru, and incorporated in Singapore as a private company limited by shares, 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. The service competes primarily with Amazon.com, Amazon's Indian subsidiary and domestic rival Snapdeal. As of March 2017, Flipkart held a 39.5% market share of India's e-commerce industry. Flipkart has a dominant position in the apparel segment, bolstered by its acquisition of Myntra, and was described as being "neck and neck" with Amazon in the sale of electronics and mobile phones. Flipkart also owns PhonePe, a mobile payments service based on the Unified Payments Interface, UPI. In August 2018, American retail chain Walmart acquired a 77% controlling stake in Flipkart for United States dollar, US$16 billion, val ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Binny Bansal
Binny Bansal (born 1982/1983) is an Indian billionaire Internet entrepreneur. In 2007 he co-founded the e-commerce platform Flipkart with Sachin Bansal (no relation) and served as the chief operating officer until 11 January 2016 and was then promoted to chief executive officer (CEO). In January 2017 he was promoted to Group CEO and resigned in November 2018 due to personal misconduct allegations of Flipkart. Binny is from Chandigarh and graduated from the Indian Institute of Technology Delhi with a degree in computer science and engineering. He is currently an anchor investor in the venture firm 021 Capital which focuses on investing in the fields of biotechnology, agritech, and the internet. Early life Binny Bansal is originally from Chandigarh, the capital city of Punjab and Haryana. His business partner, Sachin Bansal, is also from Chandigarh. Although they share the same last name, they are not related. They both coincidentally, were students of computer science engineering ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PhonePe
PhonePe is an Indian digital payments and financial technology company headquartered in Bengaluru, Karnataka, India. PhonePe was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer. The PhonePe app, based on the Unified Payments Interface (UPI), went live in August 2016. It is owned by Flipkart, a subsidiary of Walmart. The PhonePe app is available in 11 Indian languages. Using PhonePe, users can send and receive money, recharge mobile, DTH, data cards, make utility payments, pay at shops, invest in tax saving funds, liquid funds, buy insurance, mutual funds, gold and silver. PhonePe also allows users to book their Ola rides, pay for Redbus tickets, book flights and hotels on Goibibo through its Switch platform. PhonePe is accepted as a payment option by over 2.5 crore offline and online merchant outlets across 15,700 towns and villages. The app served more than 10 crore users as of June 2018, and processed 500 crore transactions by December 2019. It ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sachin Bansal
Sachin Bansal (born August 5, 1981) is an Indian entrepreneur. He is best known as the founder of Flipkart During his over 11 year career at Flipkart, Bansal was CEO and chairman. In 2018, Bansal exited Flipkart following the Walmart deal. In 2007, Sachin Bansal and Binny Bansal (not related) founded Flipkart whose valuation in 2018 was $20.8 billion. In 2018, Bansal held a 5.5 percent stake in Flipkart, which he sold to Walmart and his net worth then was a little over $1 billion. In May 2018, Bansal announced that after stepping down as the executive chairman of Flipkart, he would be focusing on pending personal projects, gaming and brushing up his coding skills. Sachin Bansal is now the managing director of Navi Group, a financial services company. Early life Bansal was born in Chandigarh, India, on August 5, 1981. His father is a business man and mother, a homemaker. Bansal attended Indian Institute of Technology Delhi and completed a degree in computer engineering in 2005. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Myntra
Myntra is a major Indian fashion e-commerce company headquartered in Bengaluru, Karnataka, India. The company was founded in 2007-2008 to sell personalized gift items. In May 2014, Myntra.com was acquired by Flipkart. In May 2022, Myntra launched an express delivery service on its app to offer one of a kind of experience by fashion & beauty platform. This service allow shoppers to receive their orders for products marked with ‘M-express tag’ on the listing page within 24–48 hours of purchase. History Established by Mukesh Bansal along with Ashutosh Lawania and Vineet Saxena; Myntra sold on-demand personalized gift items. It mainly operated on the B2B (business-to-business) model during its initial years. Between 2007 and 2010, the site allowed customers to personalize products such as T-shirts, mugs, mouse pads, and others. In 2011, Myntra began selling fashion and lifestyle products and moved away from personalisation. By 2012 Myntra offered products from 350 Indian an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ekart
Ekart logistics or Ekart courier is an Indian courier delivery services company, headquartered in Bangalore, Karnataka. A subsidiary of electronic commerce company Flipkart Pvt. Ltd., it is run by Instakart services Pvt. Ltd. Ekart delivers around 10 million shipments a month. As of 2015, Ekart shipped 85 percent of products ordered on Flipkart. Klick2Shop Logistics Services International, a Singapore-based company, invested Rs.1641 crore in Ekart in October 2017. Background Ekart was taken over by Flipkart from WS Retail Services. Locker services in stores and supermarkets running for all hours were introduced first in the country by Ekart. See also * Couriers in India * Indian Postal Service India Post is a government-operated postal system in India, part of the Department of Post under the Ministry of Communications. Generally known as the Post Office, it is the most widely distributed postal system in the world. Warren Hastings ha ... References Express ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Flipkart Health+
Flipkart Health+ (formerly known as SastaSundar Healthbuddy Limited), is a e-commerce platform dealing in healthcare, online pharmacy, diagnostics and e-consultation in India. The company was co-founded in 2013, by Banwari Lal Mittal and Ravi Kant Sharma with the name SastaSundar. On 1 April 2022 Flipkart acquired a majority stake in SastaSundar making it a Walmart-owned company. Flipkart health+ appoints Prashant Jhaveri as CEO on March 15, 2022. History SastaSundar Healthbuddy Limited, started as an online pharmacy in 2013. The company is based out of Kolkata, India. The company is a subsidiary of SastaSundar Ventures Limited, established in 2014. The company has more than 200 stores in India. Funding In May 2017, SastaSundar received ₹33.4 crore funding from Japan-based pharmaceutical company Rohto Pharmaceutical. In Aug 2019, Mitsubishi Corporation is Japan's largest trading company (sogo shosha) and a member of the Mitsubishi keiretsu. As of 2022, Mitsubis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Walmart
Walmart Inc. (; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores from the United States, headquartered in Bentonville, Arkansas. The company was founded by Sam Walton in nearby Rogers, Arkansas in 1962 and incorporated under Delaware General Corporation Law on October 31, 1969. It also owns and operates Sam's Club retail warehouses. Walmart has 10,586 stores and clubs in 24 countries, operating under 46 different names. The company operates under the name Walmart in the United States and Canada, as Walmart de México y Centroamérica in Mexico and Central America, and as Flipkart Wholesale in India. It has wholly owned operations in Chile, Canada, and South Africa. Since August 2018, Walmart held only a minority stake in Walmart Brasil, which was renamed Grupo Big in August 2019, with 20 percent of the company's shares, and p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cleartrip
Cleartrip (previously known as Cleartrip Travel Services Private Limited) is a global online travel company, headquartered in Mumbai. The company operates an online travel aggregator website for booking flights, train tickets, hotel reservations, and activities in India and the Middle East countries. It holds offices across India, UAE, Saudi Arabia and Egypt. History Cleartrip was founded in 2006 as a hotels and air aggregator by Stuart Crighton, Hrush Bhatt, and Matthew Spacie. Seeing the fragmentation that existed in the Indian travel and hospitality sector, the founders decided to enter the online travel space. Cleartrip also operates Cleartrip for Business, an online corporate travel management tool; Agent Box, a travel tool for travel agents; and Cleartrip Mobile, a travel booking app for mobile devices. In 2012, it launched new services such as Quickeys, a hotel booking application and other journey planning services. In April 2012, Cleartrip launched iOS app with a s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SoftBank Group
is a Japanese multinational conglomerate holding company headquartered in Minato, Tokyo which focuses on investment management. The Group primarily invests in companies operating in technology, energy, and financial sectors. It also runs the Vision Fund, the world's largest technology-focused venture capital fund, with over $100 billion in capital. Fund investors include sovereign wealth funds from countries in the Middle East. The company is known for the leadership of its controversial founder and largest shareholder Masayoshi Son. It operates in broadband, fixed-line telecommunications, e-commerce, information technology, finance, media and marketing, and other areas. SoftBank Corporation, its spun-out affiliate and former flagship business, is the third-largest wireless carrier in Japan, with 45.621 million subscribers as of March 2021. SoftBank was ranked in the 2017 Forbes Global 2000 list as the 36th largest public company in the world and the second-largest publicl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Snapdeal
Snapdeal is an Indian e-commerce company, based in New Delhi, India. It was founded in February 2010 by Kunal Bahl and Rohit Bansal. Snapdeal was one of the largest online marketplaces in India. Snapdeal targets the value e-commerce segment, which Bahl estimated to be three times larger than the branded goods market. Fashion, home and general merchandise account for a majority of the products sold by over 500,000 sellers on Snapdeal. Buyers from more than 3,700 towns in India shop on Snapdeal. History Establishment Snapdeal was founded on 4 February 2010 as a daily deals platform, before expanding to become an online marketplace in October 2011. Unsuccessful merger with Flipkart Reports emerged in Q2 2016 that SoftBank Group planned to engineer a merger between Snapdeal and Flipkart. Discussions took place for months, but concluded in July 2017 after the deal fell through due to lack of consensus among Snapdeal's board members. Disagreements over valuation and proposed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accel (venture Capital Firm)
Accel, formerly known as Accel Partners, is an American venture capital firm. Accel works with startups in seed, early and growth-stage investments. The company has offices in Palo Alto, California and San Francisco, California, with additional operating funds in London, India and China (through a partnership with International Data Group (IDG-Accel)). Accel has funded technology companies including Facebook, Slack, Dropbox, Atlassian, Flipkart, Supercell, Spotify, Etsy, Braintree/Venmo, Vox Media, Lynda.com, Qualtrics, DJI, Cloudera, Jet.com, Ethos, GoFundMe, Vectra Networks Inc. FabHotels, BrowserStack, Vinculum Group, Instana, CleverTap, HopIn and Egyptian Instabug. History In 1983, Accel was founded by Arthur Patterson and Jim Swartz. The co-founders developed the firm's "Prepared Mind" investment philosophy based on the Louis Pasteur quote "Chance favors the prepared mind.", which requires "deep focus" and a disciplined and informed approach to investing. In 2000, Acc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
