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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]
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 Kormangala, Bengaluru. The initial investment was provided by their families, which was INR 2 Lakh from each family.
It mainly operated on the B2B (business-to-business) model during its initial years. Between 2007 and 2010, the site allowed customers to personalize products such as T-shirts, mugs, mouse pads, and others. [11] In 2011, Myntra began selling fashion and lifestyle products and moved away from personalisation.
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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]
3. On the Sign On screen, click the small arrow pointing down to bring up a list of all stored usernames. 4. Select the desired username by clicking on it. Click Continue once you selected the username. 5. Once you click Continue a new window appears. Check if the correct username is displayed and click Continue. 6.
Indian Institute of Technology Kanpur. Occupation. Entrepreneur. Known for. Myntra. Flipkart. Cult.fit. Mukesh Bansal is an Indian businessman [1] and founder of the Indian fashion e-commerce company Myntra. He also the co-founder and CEO of cult.fit. [2] [3] Mukesh has been listed in the Best 40 Under 40 Entrepreneurs by Fortune magazine.
And that well-surpasses the general 3% inflation rate between 2023 and 2024. In most large metropolitan areas, cocktail prices range from $15 to $18, and $22 to $25 at high-end restaurants ...