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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]
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.
Founder and former CEO and chairman, Flipkart. Spouse. Priya Bansal. Children. 1. Sachin Bansal (born 5 August 1981) is an Indian entrepreneur. [ 1][ 2][ 3] He is best known as the founder of Flipkart [ 4] During his over 11 year career at Flipkart, Bansal was CEO and chairman. [ 5] In 2018, Bansal exited Flipkart following the Walmart deal.
Walmart Inc. / 36.36556°N 94.21750°W / 36.36556; -94.21750. Walmart Inc. ( / ˈwɔːlmɑːrt / ⓘ; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States and 23 other countries.
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India is a federal constitutional republic governed under a parliamentary system consisting of 28 states and 8 union territories. [ 1] All states, as well as the union territories of Jammu and Kashmir, Puducherry and the National Capital Territory of Delhi, have elected legislatures and governments, both patterned on the Westminster model.
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