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Flipkart's reported sales were ₹ 40 million (US$460,000) in the FY2008–09, [122] [123] ₹ 200 million (US$2.3 million) in the FY2009–10 [124] and ₹ 750 million (US$8.7 million) in the FY2010–11. [125] Flipkart reported a loss of ₹ 2.81 billion (US$32 million) for the FY2012–13. [126] In July 2013, Flipkart raised US$160 million ...
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
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]
Sachin Bansal’s Navi Technologies, a fintech startup that offers customers insurance and loan products, has filed for a $440 million IPO as the 40-year-old entrepreneur who made his money by ...
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]
Ekart logistics or Ekart courier is an Indian courier delivery services company, headquartered in Bangalore, Karnataka. [1] [4] A subsidiary of electronic commerce company Flipkart Pvt. Ltd., it is run by Instakart services Pvt. Ltd. [5] [6]
Flipkart is acquiring a 7.8% stake in Aditya Birla Fashion as the Walmart-owned Indian e-commerce firm makes a further push into the apparel category in one of the world’s largest retail markets.
In early 2014, it received ₹ 4.5 million (US$52,000) from the Technology Development Board under the Department of Science and Technology, IIT Madras and Srini V Srinivasan, an IIT alumnus and founder of Aerospike. [8] In December 2014, Flipkart founders, Sachin Bansal and Binny Bansal, invested $1 million as seed capital. [9]