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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 Private Limited is an Indian e-commerce company, headquartered in Bangalore, 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. [ 5 ][ 6 ]
Open Network for Digital Commerce (ONDC), is a private non-profit Section 8 company established by the Department for Promotion of Industry and Internal Trade (DPIIT) of Government of India to develop open e-commerce.
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Myntra is an Indian fashion e-commerce company headquartered in Bengaluru, Karnataka, India. [1] The company was founded in 2007-2008 to sell personalized gift items. [2][3][4][5] In May 2014, Myntra.com was acquired by Flipkart. [6][7][8][9] In May 2022, Myntra launched an express delivery service on its app to offer a one-of-a-kind experience ...
The term was first coined in 2004 by Chris Anderson. [5] In 2023, the largest e-commerce companies in India were Flipkart, Snapdeal and Amazon. [6] 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 ...
PhonePe was incorporated in December 2015. [13] In April 2016, the company was acquired by Flipkart [14][15] and as part of the acquisition, the FxMart license was transferred to PhonePe and rebranded as the PhonePe wallet. PhonePe's founder Sameer Nigam was appointed as the CEO of the company. [16] In August 2016, the company partnered with Yes Bank to launch a UPI -based mobile payment app ...
Jabong.com was an Indian fashion and lifestyle e-commerce portal founded by Praveen Sinha, Lakshmi Potluri, Arun Chandra Mohan and Manu Kumar Jain. In July, 2016 Flipkart acquired Jabong through its unit Myntra for about $70 million. In February 2020, Flipkart formally shut down Jabong to shift focus completely on its premium clothing platform ...