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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.
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]
In August 2020, Dragoneer Growth Opportunities Corp was listed on the New York Stock Exchange (Ticker: DGNR) raising $600 million. [8] DGNR is a SPAC which is a blank-check company. [ 8 ] On February 3, 2021, it was announced that Auto-insurance IT provider, CCC Information Services would become a listed company by merging with DGNR in a deal ...
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 ...
Better-than-expected economic data here at home coupled with a Europe apparently committed to fixing its financial house sent markets higher. Yet just because your stock strapped on a rocket pack ...
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Flipkart introduced Shopsy in July 2021 [3] [4] as a mobile app that allowed people in India to launch their own online reseller business. [5] [6] [7] By August 2021, the app had adopted a zero-commission marketplace model. [8] [9] Later, Shopsy shifted its focus to become a B2C company. [10]
Buying into the idea that the best defense is a strong offense, the markets soared higher after Fed Chairman Ben Bernanke went on the offensive yesterday by defending his bond-buying program ...