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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.
India's e-commerce market was worth about $3.9 billion in 2009. As per "India Goes Digital", [10] a report by Avendus Capital, the Indian e-commerce market is estimated at ₹28,500 crore ($6.3 billion) for the year 2011. Online travel constitutes a sizable portion (87%) of this market today. Online travel market in India had a growth rate of ...
In July 2014, Amazon said it would invest $2 billion (Rs 12,000 crore) in India to expand the business after its largest Indian rival Flipkart announced $1 billion in funding. In 2014, Amazon sold 63% of all books bought online and 40% of all books sold overall.
Flipkart will raise $1.2 billion in funding led by majority owner Walmart Inc <WMT.N>, the Indian e-commerce firm said on Tuesday, as it looks to compete better with Amazon.com Inc <AMZN.O> in a ...
In 2007, Bansal quit Amazon to start his own company. Flipkart. In October 2007, Bansal and his co-founder, Binny Bansal, started an online bookstore, Flipkart, with an initial capital of ₹4,00,000 (4 Lakh Rupees or US$5,600). They first started operating out of an apartment in Koramangala, in Bangalore, India.
The book was released on September 5, 2017, and quickly made its way to topping the list of best sellers on Amazon India and Flipkart. The book has had increased media attention and uptake in part due to Dr. Rajan's much respected views on the economy and the political climate, but, also because of Rajan's view on the demonetization exercise ...
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