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In 2017, Flipkart sold 1.3 million phones in 20 hours on 21 September during its Big Billion Days promotion, doubling the number sold on the first day of the same event in 2016. Flipkart held a 51% share of all Indian smartphone shipments in 2017, overtaking Amazon India (33%).
Businessman. Known for. Co-founder, former chairman and CEO, Flipkart [2] Spouse. Trisha Bansal. Binny Bansal (born 1982/1983) is an Indian billionaire [2] 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 2018, Bansal exited Flipkart following the Walmart deal. In 2007, Sachin Bansal and Binny Bansal (not related) founded Flipkart whose valuation in 2018 was $20.8 billion. 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.
June 14, 2023 at 10:15 AM. By Siddharth Cavale. NEW YORK (Reuters) - Walmart's Flipkart marketplace and PhonePe payments business in India could be $100 billion businesses buoyed by strong growth ...
Flipkart will raise $1.2 billion in funding led by majority owner Walmart Inc <WMT.N>, the Indian e-commerce firm said on Tuesday, as it looks to compete better with Amazon.com Inc <AMZN.O> in a ...
June 22, 2024 at 7:30 AM. Netflix ( NFLX) is closing in on the all-time high it set in November 2021 as investors applaud the company's foray into sports and its ad-supported tier continues to ...
Similar to U.S.-style shopping events such as Black Friday, online retailers adopted the practice of holding multi-day promotions during this period, such as Amazon's "Great Indian Festival" and Flipkart's "Big Billion Days". India's Independence Day (August 15) had also recently attracted similar events.
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]