Overview of Flipkart Unlisted Shares:
Flipkart was launched within the year 2007 and has an office based out in Bangalore. It was established by Sachin Bansal and Binny Bansal, both were graduated class of IIT Delhi. The excursion of Flipkart was begun by selling books on its foundation. There is a story that the actual organizers conveyed the book and went on their bikes to convey their first request. Later on, they ventured into other item classifications like purchaser hardware, design, home basics and staple goods, and way of life items. The organization essentially contends with Amazon and Snapdeal.
(ii) Today Flipkart is India’s biggest web-based business commercial center having 8 cr items across 80+ classifications. It has 10 cr enrolled clients, innovation to convey 80 lakh orders each month, and 1 cr everyday page visit.
(iii) It was procured by Walmart in the year 2018 for challenging 1 lakh cr for 77% stakes in the organization. This was the greatest arrangement throughout the entire existence of India. That arrangement esteemed Flipkart near $20 Billion.
a) In late 2011, Flipkart made a few acquisitions identifying with advanced conveyance, including Mime360.com and the computerized content library of Bollywood entryway Chakpak.
b) In May 2012, Flipkart procures Letsbuy, an online hardware retailer.
c) In 2014, it procured style brand Myntra for a 2000 cr bargain.
d) In 2016 Flipkart procured Jabong through its unit Myntra for about $70 million.
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Financials of Flipkart Unlisted Shares:
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