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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]
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 officer until January 2016, when he was promoted to chief executive ...
July 4, 2023 at 4:43 AM. Americans are celebrating the biggest holiday of the year on Tuesday, Fourth of July, marking the 247th anniversary of the founding of the United States. The Fourth of ...
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 ...
It's a big week ahead, and we had a big week behind. Amazon's two-day shopping event that usually sets the internet ablaze runs July 16 and 17, and Walmart's anti-Prime Day sale, Walmart Deals ...
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]
But BofA analysts expect the "Other 493" to get in on more of the action as second quarter earnings get underway. "Growth is broadening out and so should the market," analysts Ohsung Kwon and ...