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In August 2018, American retail chain Walmart acquired a 77% controlling stake in Flipkart for US$16 billion, valuing Flipkart at around US$20 billion. [44] Flipkart is valued at $37.6 billion as of 2022. [45] It is planning to go public through a listing in the United States of America in 2023. [46]
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]
India has an Internet user base of about 690.0 million as of November 2023, about 40% of the population. [1] Despite being the second-largest user base in world, only behind China (1.079 billion, 48% of population), the penetration of e-commerce is low compared to markets like the United States (266 million, 84%), or France (54M, 81%), but is growing, adding around 6 million new entrants every ...
Since the acquisition of Cleartrip by Flipkart, the company has participated in the Flipkart Big Billion Day event in October 2021. [26] [27] It has signed up Anil Kapoor as its brand ambassador. [27] The company has announced its plan to expand its workforce by 50% by March 2022. [28]
August 7, 2024 at 12:06 AM. WASHINGTON (AP) — Kamala Harris’ whirlwind process to select Minnesota Gov. Tim Walz as her running mate can be summed up in a word: weird. With President Joe Biden ...
Now, new research shows that your fruit bowl may also hold potential for preventing depression later in life. A June 2024 study in The Journal of Nutrition, Health and Aging found that people in ...
Updated July 30, 2024 at 9:10 PM. Coconino County Sheriff's Office. Two 4-year-old children and a 72-year-old woman died after the pontoon they were on overturned last week on Lake Powell in ...
Known for. Co-founder, former chairman and CEO, Flipkart [ 2] Spouse. Trisha Bansal. 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. [ 4][ 5] He was the chief operating ...