All product names, logos, and brands are property of their respective owners. In August 2018, U.S.-based retail chain Walmart acquired a 81% controlling stake in Flipkart for US$16 billion, valuing it at $20 billion.ĭisclaimer: WebCatalog is not affiliated, associated, authorized, endorsed by or in any way officially connected to Flipkart. Flipkart also owns PhonePe, a mobile payments service based on the Unified Payments Interface (UPI). Flipkart is significantly dominant in the sale of apparel (a position that was bolstered by its acquisition of Myntra), and was described as being "neck and neck" with Amazon in the sale of electronics and mobile phones. As of March 2017, Flipkart held a 39.5% market share of India's e-commerce industry. The service competes primarily with Amazon's Indian subsidiary, and the domestic rival Snapdeal.
The company initially focused on book sales, before expanding into other product categories such as consumer electronics, fashion, home essentials & groceries, and lifestyle products. Flipkart brings you the joys of shopping online in your own language, with discounts on. It was founded by Sachin Bansal and Binny Bansal in 2007. Flipkart - The one-stop destination for all your shopping needs.
Flipkart is an Indian e-commerce company based in Bangalore, Karnataka, India.
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