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On 22 December 2023, Flipkart confirmed that US$600 million will be raised from Walmart out of its total fundraising plan of US$1 billion. The expected valuation of the deal will range from US$34 billion to US$37 billion. In 2022 after PhonePe's separation, Flipkart was last valued at around US$33 billion. [citation needed]
Net worth in US$ 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 ...
He was born into the Hindu Bansal family of Bal Kishan and Kiran Bansal. [5] He went to the United States for a job at Microsoft but later quit to start his own business. Then he started a new venture, selling eyewear online in the USA.
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.
In August 2022, Shopsy had 100 million users. [16] In September 2022, the company launched Grand Shopsy Mela for direct customers and eventually introduced a vernacular search for addressing the non-English speaking demographic. [17] As of December 2022, the mobile app had 11 lakh sellers with 68% of its customers coming from Tier-2 Indian ...
Mukesh Bansal is an Indian entrepreneur and author known for his contributions to digital commerce, wellness, and technology.A 1997 computer science graduate from IIT Kanpur, he began his career at Deloitte before moving to Silicon Valley in 1999, where he worked at Nextag, Centrata, and newScale, gaining expertise in technology and strategy.
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]
Myntra continues to operate as a standalone brand under Flipkart's ownership, focusing primarily on "fashion-conscious" consumers. [14] In 2014, Myntra's portfolio included about 1,50,000 products of over 1,000 brands, with a distribution area of around 9,000 pincodes in India. [15]