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Flipkart is valued at $37.6 billion as of 2022. [45] It is planning to go public through a listing in the United States of America in 2023. [46] In November 2018, Wal Mart increased the equity of Flipkart to 81.3%. [47] On 13 November 2018, Flipkart CEO Binny Bansal resigned after facing an allegation of "serious personal misconduct". Walmart ...
Founder and former CEO and chairman, Flipkart. Spouse. Priya Bansal. Children. 1. Sachin Bansal (born 5 August 1981) is an Indian entrepreneur. [1][2][3] He is best known as the founder of Flipkart [4] During his over 11 year career at Flipkart, Bansal was CEO and chairman. [5] In 2018, Bansal exited Flipkart following the Walmart deal.
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]
Soon after Walmart announced its $16 billion (Rs1 lakh crore) acquisition of Flipkart, its shares tanked in early hours of trading on the New York Stock Exchange (NYSE). Investors feared that a ...
Walmart's Flipkart marketplace and PhonePe payments operations in India could be $100 billion businesses, buoyed by strong growth, the retailer's chief financial officer said a year ago at an ...
Walmart is going to give its new acquisition in India lots of firepower to go head-to-head against rival Amazon. The US retailer could invest an additional $3 billion into Flipkart—aside from ...
Walmart Inc. (/ ˈwɔːlmɑːrt / ⓘ; 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 in the United States and 23 other countries. It is headquartered in Bentonville, Arkansas. [ 10 ]
Known for. Co-founder, former chairman and CEO, Flipkart [2] Spouse. Trisha Bansal. Binny Bansal (born 1982/1983) is an Indian billionaire [2][3] Internet entrepreneur. [3] As of February 2024, his net worth was estimated at US$1.4 billion. [1] In 2007 he co-founded the e-commerce platform Flipkart. [4][5] He was the chief operating officer ...