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Flipkart achieved a gross merchandise volume of US$300 million during the event, with the largest volumes coming from fashion sales and the largest value coming from mobiles. [30] In 2014, Flipkart invested in Ngpay to strengthen the mobile payment services since there was an increased focus on mobile ecommerce; Flipkart reported that mobile ...
BBK Electronics Corporation was split into three individual entities Oppo, Vivo, and BBK Education Electronics. Oppo's subsidiaries include OnePlus and Realme. [6] [7] Vivo's subsidiaries include iQOO (a sub-brand of Vivo). [8] [9] It also marketed Blu-ray players, headphones, headphone amplifiers and smartwatches under Oppo Digital brand.
Further, out of the total sale proceeds of Rs 1,25,185 crore, Vivo India remitted Rs 62,476 crore or almost 50 per cent of the turnover out of India, mainly to China", the ED said in a statement. [34] [35] In October 2023, the Enforcement Directorate arrested the head of administration of Vivo India on money laundering charges. [36]
PhonePe is an Indian digital payments and financial services company headquartered in Bengaluru, Karnataka, India. [5] [6] It was founded in December 2015, [7] [2] by Sameer Nigam, Rahul Chari and Burzin Engineer. [8]
While unveiling the Joint Venture's plans, Sanyo-BPL Pvt Ltd Chairman and Chief Executive Officer, Ajit G Nambiar, said the company expected to post revenues of around ₹ 2,000 crore (equivalent to ₹ 50 billion or US$580 million in 2023) by 2009 and lead the market in consumer electronics and white goods in five years.
iQOO Communication Technology Co. Ltd. is a Chinese consumer electronics manufacturer headquartered in Dongguan, Guangdong. [1] The company was founded on 30 January 2019 [ 2 ] as a subsidiary of the consumer electronics manufacturer Vivo based in the same city.
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]
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]