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Flipkart was founded in October 2007 in Bangalore [11] by Sachin Bansal and Binny Bansal, alumni of the IIT, Delhi and former Amazon employees. [12] [13] [14] The company was started from a two-bedroom apartment in Kormangala, Bengaluru. The initial investment was provided by their families, which was INR 2 Lakh from each family.
In 2018, Bansal exited Flipkart following the Walmart deal. [6] In 2007, Sachin Bansal and Binny Bansal (not related) founded Flipkart whose valuation in 2018 was $20.8 billion. [7] In 2018, Bansal held a 5.5 per cent stake in Flipkart, which he sold to Walmart and his net worth then was a little over $1 billion. [7]
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]
July 30, 2024 at 3:26 AM. (Reuters) -World's largest dialysis specialist Fresenius Medical Care cut the outlook for volumes in its key U.S. market on Tuesday after revenue from treatments there ...
For Clyde the rescue Maine Coon cat, life hasn’t been the easiest ride so far. Before he was rescued in 2023, he had some kind of traumatic brain injury which rendered him deaf and left him with ...
Annual budget. ₹205,765 crore (US$25 billion) (2023–24 est.) Ministers responsible. Pralhad Joshi, ( Cabinet Minister) Nimuben Bambhaniya, ( Minister of State) Website. https://consumeraffairs.nic.in/. The Ministry of Consumer Affairs, Food and Public Distribution is a government ministry of India. The ministry is headed by a Cabinet rank ...
Blinkit. Blinkit Commerce Private Limited, d/b/a Blinkit and formerly Grofers, is an Indian quick-commerce service. [ 5][ 6][ 7] It was founded in December 2013 and is based out of Gurgaon. [ 8][ 9] Customers of the company use a mobile application to order groceries and essentials online. Blinkit's employees then secure the items from their ...
The Foreign Agents Registration Act ( FARA) ( 22 U.S.C. § 611 et seq.) is a United States law that imposes public disclosure obligations on persons representing foreign interests. [ 1][ 2] It requires "foreign agents"—defined as individuals or entities engaged in domestic lobbying or advocacy for foreign governments, organizations, or ...