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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.
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]
India's e-commerce market was worth about $3.9 billion in 2009. As per "India Goes Digital", [10] a report by Avendus Capital, the Indian e-commerce market is estimated at ₹28,500 crore ($6.3 billion) for the year 2011. Online travel constitutes a sizable portion (87%) of this market today. Online travel market in India had a growth rate of ...
PhonePe. PhonePe is an Indian digital payments and financial services company [5] headquartered in Bengaluru, Karnataka, India. [6] [7] PhonePe was founded in December 2015, [2] by Sameer Nigam, Rahul Chari and Burzin Engineer. [8] The PhonePe app, based on the Unified Payments Interface ( UPI ), went live in August 2016.
Open Network for Digital Commerce. 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. It was incorporated on 31 December 2021 with initial investment from Quality Council of ...
Snapdeal is an Indian e-commerce company, based in New Delhi, India. It was founded in February 2010 by Kunal Bahl and Rohit Bansal. [ 2] Snapdeal is one of the top 10 online marketplaces in India. [ 3] Snapdeal targets the value e-commerce segment, which Bahl estimated to be three times larger than the branded goods market.
A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payment processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. [1] The payment gateway may be provided by a bank to its customers, but can be provided by a specialised ...
Cleartrip (previously known as Cleartrip Travel Services Private Limited) is a global online travel agency, headquartered in Mumbai. [1] The company operates an online travel aggregator website for booking flights, [2] train tickets, hotel reservations, and activities in India and the Middle East countries. It holds offices across India, UAE ...