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In 2017, Flipkart sold 1.3 million phones in 20 hours on 21 September during its Big Billion Days promotion, doubling the number sold on the first day of the same event in 2016. [39] Flipkart held a 51% share of all Indian smartphone shipments in 2017, overtaking Amazon India (33%). [40]
Spouse. Trisha Bansal. Binny Bansal (born 1982/1983) is an Indian billionaire [2][3] Internet entrepreneur. [3] As of February 2024, his net worth was estimated at US$1.4 billion. [1] In 2007 he co-founded the e-commerce platform Flipkart. [4][5] He was the chief operating officer until January 2016, when he was promoted to chief executive ...
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]
June 14, 2023 at 10:15 AM. By Siddharth Cavale. NEW YORK (Reuters) - Walmart's Flipkart marketplace and PhonePe payments business in India could be $100 billion businesses buoyed by strong growth ...
India has an Internet user base of about 690.0 million as of November 2023, about 40% of the population. [1] Despite being the second-largest user base in world, only behind China (1.079 billion, 48% of population), the penetration of e-commerce is low compared to markets like the United States (266 million, 84%), or France (54M, 81%), but is growing, adding around 6 million new entrants every ...
In 2013, Cyber Monday online sales grew by 18% over the previous year, hitting a record $1.73 billion, with an average order value of $128. [146] In 2014, Cyber Monday was the busiest day of the year with sales exceeding $2 billion in desktop online spending, up 17% from the previous year. [147]
Since the acquisition of Cleartrip by Flipkart, the company has participated in the Flipkart Big Billion Day event in October 2021. [26] [27] It has signed up Anil Kapoor as its brand ambassador. [27] The company has announced its plan to expand its workforce by 50% by March 2022. [28]
1. Awards. Yash Bharati. Vijay Shekhar Sharma (born 7 June 1978) is an Indian technology entrepreneur, multimillionaire and business magnate. He is the founder and chief executive officer of One97 Communications founded in 1997 and its consumer brand Paytm which he started in 2010. [1][2][3][4] In January 2022, the ICANN -supported Universal ...