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The website was kicked off in October 2007 and the company was only limited to selling books at that time country-wide shipping. [15] Flipkart slowly grew in prominence and was receiving 100 orders per day by 2008. [16] Flipkart acquired WeRead in 2010 from Lulu.com that helped it build its foundational strength which was the digital retail of ...
In 2011, Myntra began selling fashion and lifestyle products and moved away from personalisation. By 2012, Myntra offered products from 350 Indian and International brands. The website launched the brands Fastrack Watches and Being Human. [12] In 2014, Myntra was acquired by Flipkart in a deal valued at ₹ 2,000 crore (US$230 million
Flipkart Video is a free video streaming service [10] that is available within the video section of the Flipkart app. [5] [6] Flipkart has tied up with various production houses including Studio Next and Frames and Sikhya Productions to beef up its library of original series in various languages and genres for the Flipkart users. [3] [11]
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]
Dream11 is an Indian fantasy sports platform [6] that allows users to play daily fantasy sports contests, primarily in cricket. [7] [8] [9] In April 2019, Dream11 became the first Indian fantasy sport company to become a unicorn. [10]
In 2011, IDG Ventures India invested $4 million in the company. In January 2015, the company raised ₹ 135 crore from TPG Growth, TR Capital and IDG Ventures India. [18] In May 2016, International Finance Corporation, Adveq Management, TPG Growth and IDG Ventures India invested a total of $60 million in Lenskart.
Snapdeal is an Indian e-commerce company, based in New Delhi, India.It was founded in February 2010 by Kunal Bahl and Rohit Bansal. [3]Snapdeal is one of the top 5 online marketplaces in India. [4]
In 2009, PEL became the sole distributor of LG Corporation's home appliances in Pakistan. In February 2018, the World Bank imposed a 33-month debarment on PEL, its affiliates PEL Marketing, Kohinoor Power Company, and its former general manager, Abdul Waheed Butt, for engaging in collusive practices during bidding on World Bank-financed ...