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In 2022, Flipkart entered the Non-Fungible Tokens ... The total revenue in 2022 was that of ₹43,357 crore was reported for the past fiscal year of 2020–2021. This ...
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] In 2022, the pilot phase of the Open Network for Digital Commerce was launched. [9]
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 strategy yielded strong results. From 2017 to 2021, Snapdeal's revenue grew by 74% [15] at its peak, while losses were cut by nearly 95%. [16] Between the financial years in 2018 and 2020, the number of unique customers on Snapdeal's platform also tripled to 27 million. More than 90% of Snapdeal's orders came from non-metro users. [5] [17]
Zepto is an Indian quick-commerce company headquartered in Bengaluru. [2] It was founded in July 2021 by Aadit Palicha and Kaivalya Vohra. [3] As of August 2024, the company is valued at over $5 billion on paper [4] and operates over 250 dark-stores across ten metropolitan areas in India.
In 2022, Meesho had about 120 million monthly users and about 910 million orders were made through the platform. It soon became one of India's fastest growing e-commerce platforms. [13] Its gross merchandise value (GMV) increased ninefold in two years [13] and was at about $5 billion in 2022 (for comparison, Flipkart's GMV stood at $23 billion ...
Myntra continues to operate as a standalone brand under Flipkart's ownership, focusing primarily on "fashion-conscious" consumers. [14] In 2014, Myntra's portfolio included about 1,50,000 products of over 1,000 brands, with a distribution area of around 9,000 pincodes in India. [15]
In 2022, Flipkart collaborated with Pratilipi to provide e-books on its platform. [12] In 2023, Audible (owned by Amazon) and Pratilipi entered into a deal to transform literary works into audiobooks and audio shows. [13] Pratilipi reported operating revenue of ₹7.88 crore in FY22. [14]