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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 Koramangala, Bengaluru. The initial investment was provided by their families, which was INR 2 Lakh from each family.
Net worth in US$ Second richest Net worth in US$ Source 2024 Mukesh Ambani: 124 billion : Gautam Adani: 83 billion [5] 2023 Mukesh Ambani 92 billion : Gautam Adani 68 billion [6] 2022 Gautam Adani 150 billion : Mukesh Ambani 88 billion [7] 2021 Mukesh Ambani 92.7 billion : Gautam Adani 74.8 billion [8] 2020 Mukesh Ambani 88.7 billion : Gautam ...
Zepto is an Indian quick-commerce company headquartered in Bengaluru. [2] It was founded in July 2021 by Aadit Palicha and Kaivalya Vohra. [3] As of August 2024, the company is valued at over $5 billion on paper [4] and operates over 250 dark-stores across ten metropolitan areas in India.
It soon became one of India's fastest growing e-commerce platforms. [13] Its gross merchandise value (GMV) increased ninefold in two years [13] and was at about $5 billion in 2022 (for comparison, Flipkart's GMV stood at $23 billion). [14] [15] In 2023, Meesho was named one of the most influential companies of the year by Time (magazine).
PhonePe allots employee stock options (ESOPs) to its full-time employees. [37] In November 2021, PhonePe was reported to have conducted a buyback of ESOPs worth ₹ 1.35 billion (US$16 million), covering 75% of its current workforce who have completed at least a year of service.
The NIFTY 50 index is a free float market capitalisation-weighted index.. Stocks are added to the index based on the following criteria: [1] Must have traded at an average impact cost of 0.50% or less during the last six months for 90% of the observations, for the basket size of Rs. 100 Million.
Year World market cap Number of listed companies Millions of US$ % of GDP; 1975 1,149,245 27.2 14,577 1980 2,525,736 29.6 17,273 1985 4,684,978 47.0 20,555
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]