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In 2017, Flipkart sold 1.3 million phones in 20 hours on 21 September during its Big Billion Days promotion, doubling the number sold on the first day of the same event in 2016. [39] Flipkart held a 51% share of all Indian smartphone shipments in 2017, overtaking Amazon India (33%). [40]
Spouse. 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 ...
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]
Business model. Shopsy is a zero-commission marketplace model for sellers in India. It is a digital commerce initiative by Flipkart, the Bengaluru -headquartered and Walmart-owned e-commerce company with over US$7.7 billion in annual revenue (FY 2022). [21][22]
[36] [37] [38] Similar to U.S.-style shopping events such as Black Friday, online retailers adopted the practice of holding multi-day promotions during this period, such as Amazon's "Great Indian Festival" and Flipkart's "Big Billion Days". India's Independence Day (August 15) had also recently attracted similar events. [38] [39]
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]
Pages in category "2017 by day". The following 200 pages are in this category, out of approximately 377 total. This list may not reflect recent changes . (previous page) ( next page) Portal:Current events/January 2017. Portal:Current events/February 2017. Portal:Current events/March 2017.
The ecommerce industry was reported at $24 billion in 2017 and was recognised as the fastest growing industry in India. [16] The ecommerce market grew to $38.5 billion in 2018. [17] It is estimated that one in every three Indian shops via smartphone and online retailers deliver to 20,000 pin-codes out of the 100,000 pin-codes in India. [18]