Who is Flipkart Owner? A Short Introduction of Flipkart - You Need To Know

Flipkart Owner Howdy User Welcome to TecHappen - Make It Happen In this article, we will share with you Who is Flipkart Owner ? A Short Intr...

Flipkart Owner

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Welcome to TecHappen - Make It Happen

In this article, we will share with you Who is Flipkart Owner? A Short Introduction of Flipkart - You Need To Know

Flipkart Owner

Flipkart is an e-commerce company registered in Singapore and headquartered in Bangalore, India, established in 2007. In addition to selling books, it also produces its own brand "DigiFlip" laptops, USB and more.

Flipkart Video

Flipkart has launched in-app streaming named Flipkart Video as part of a new direction they want to move and to match its competitors like Amazon who are offering premium video options in August 2019. The initial line up of content is curated from the service providers like Viu, Voot, and TVF.

Flipkart Video Originals

To strengthen its content offering in Flipkart Video, Flipkart forayed into an original content offering which was named Flipkart Video Originals. The first show was launched on October 19,2019 named Backbenchers hosted by Farah Khan.

Who is Flipkart Owner?

Flipkart by the Delhi IIT alumni Sachin Bansal and founded Binny Bansal in 2007, mainly to do book sales, whereas before they worked Amazon.com to work, Accumulated experience.

Flipkart Owner

Binny Bansal is an Indian billionaire Internet entrepreneur. In 2007 he co-founded the e-commerce platform Flipkart with Sachin Bansal and served as the chief operating officer until 11 January 2016 and was then promoted to the chief executive officer.
Born: 5 August 1981 (age 38 years), Chandigarh
Net worth: $1.2 billion (August 2018)

Flipkart Owner

Sachin Bansal is an Indian technology entrepreneur and an ardent gamer. He is best known as the co-founder of Flipkart that was acquired by Walmart at $16 billion in 2018.

During his career at Flipkart that spanned 11 years, Bansal held the position of Chief Executive Officer and Executive Chairman.
Born: 5 August 1981, Chandigarh
Net worth: $ 1 billion(May 10, 2018)

When it was formally established in October 2007, it was called “Flipkart Online Services Pvt. Ltd.”. After mergers and acquisitions with competitors such as WeRead, it became one of the largest e-commerce companies in India.

The merger with eBay India (eBay.in) was completed on August 5, 2017.

On May 9, 2018, a Wal-Mart- led consortium acquired approximately 77% of Flipkart for $16 billion. The remaining shares were held by shareholders such as Flipkart co-founders Bansal, Tencent, Microsoft, and Tiger Global Management.

Flipkart Owner

Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, headquartered in Bentonville, Arkansas. The company was founded by Sam Walton in 1962 and incorporated on October 31, 1969.

  • Owner: Walton family (51%)
  • CEO: Doug McMillon (1 Feb 2014–)
  • Revenue: 51,440.5 crores USD (2019)
  • Founder: Sam Walton

In November 2018, Wal-Mart increased its stake in Flipkart to 81.3%.

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Nanne Parmar: Who is Flipkart Owner? A Short Introduction of Flipkart - You Need To Know
Who is Flipkart Owner? A Short Introduction of Flipkart - You Need To Know
Nanne Parmar
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