Flipkart has its main headquarters situated in Bangalore, Karnataka. However the company first came into production in Singapore, so it is known as its legal domicile. In recent times, Flipkart has seen a massive hike in its uses and customers registration. There are many Indians who use the app or its website to order a variety of things of their choice.
Flipkart Net Worth
Walmart planning to list FlipKart in USA Stock Exchanges in 2021, Walmart acquired 77% of FlipKart by paying 16 Billion USD in May-2018.
Flipkart Top Share Holders
Inception
WeRead was basically a social book discovery service that was situated in Bangalore, Karnataka. They made it their headquarters and started providing a variety of things from Flipkart. As soon as it started making a huge amount of profits, the prices of its shares became quite costly. Many big companies started showing their interest in it. It was the beginning of Flipkart.
Evolution
As Flipkart was growing more and more each day, the company started to buy take its position in the market even more strongly. Flipkart acquired one of India’s biggest online apparel stores Myntra in 2014. Though Myntra still runs as an individual company, it has most of its shares sold to Flipkart. They together are running very successfully. Later, Flipkart joins hands with eBay India, and eBay said that they will sell there products through Flipkart. They have also invested a total of $500 million in Flipkart. Flipkart also launched its UPI payments app Phonepe, which is India’s first UPI payments app. It is mostly in use and is quite popular with everyone. Flipkart sells a variety of products now, and that too at a very low price, as compared to any other. Since Walmart bought most of the shares of Flipkart in 2018, the company’s performance has increased even more. Now, Flipkart is also selling groceries and a variety of different products. You can buy flight tickets and can do much more stuff in there.
Awards & Achievements
As an individual company, there aren’t many awards available, but for the founders and owners of the company, there are a variety of awards available. Like, Sachin Bansal and Binny Bansal won the entrepreneur of the year in 2012-2013 by the Economic Times. They have also been listed in the list of “100 most influential people of the world”. They have also entered into the rich list of Forbes.
Conclusion
Recommended
Coca Cola Net WorthVirat Kohli Net WorthAkshay Kumar Net WorthAzim Premji Net WorthRajat Sharma Net WorthSachin Tendulkar Net worth
